Independent investment bank Zeus Capital has demonstrated its public markets expertise, sealing two major IPOs in consecutive days on the London Stock Exchange’s Alternative Investment Market (AIM). Global Yachting Group (GYG) was admitted to the market, with asset management firm Tatton Asset Management PLC (LON:TAM) scheduled to join AIM the next day.
Zeus Capital acted as NOMAD and sole broker on the IPO of Tatton Asset Management, which has been formally admitted to AIM, with an expected market capitalisation on admission of £87m.
Tatton Asset Management was founded in 2007 by the current chief executive, Paul Hogarth. The business provides a range of services to the IFA marketplace, encompassing discretionary fund management, regulatory and compliance services and mortgage services.
Based in Wilmslow, Cheshire, the business achieved revenues of £11.9m in the year to 31st March 2017, with adjusted operating profits of £5.5m.