Porta Communications : Newgate advises Autins Group IPO

Newgate Communications advised Autins Group, a leading UK designer, manufacturer and supplier of acoustic and thermal insulation solutions for the automotive sector, on its IPO on AIM on 22 August 2016.

The Newgate team has also been retained to support the business across all aspects of its ongoing financial communications requirements, including investor and media relations.

The Rugby-based manufacturer of insulation products for automotive companies including Bentley, Range Rover and Honda, raised £26.6m via an oversubscribed placing, in part to fund investment in new product lines and equipment and in support of anticipated future growth.

Adam Lloyd, Partner at Newgate, said: "We are delighted to have been appointed by Autins Group to manage its IPO and ongoing communications, in what was the largest AIM IPO since Brexit. Autins is at a very exciting stage of its development, and the strong support it gained in its oversubscribed placing is testament to the quality of the business and to the appetite investors have for exciting UK-companies coming to the public market."

Jim Griffin, Chief Executive Office of Autins Group commented: "Newgate have given us exceptional support and guidance throughout the IPO set-up and implementation. The IPO process was new to all involved at the Autins Group; having Adam Lloyd and his team manage us along the way made the experience as easy as possible and the team were highly knowledgeable and a delight to work with. We are incredibly pleased with the outcome of the IPO, and look forward to working towards expanding Autins Group plc further with the assistance of Newgate."

Newgate has advised on numerous IPOs, including most recently the IPO of Blue Prism, a developer of software robots with 74 blue-chip customers including Barclays Bank, Telefonica O2 and Co-operative Banking Group, which came to market in March 2016.

The team was led by Adam Lloyd, supported by Madeleine Palmstierna and Helena Bogle.