Zeus acts as Nominated Adviser & Joint Bookrunner to Surface Transforms on its conditional fundraise


Zeus  acted as Nominated Adviser and Joint Bookrunner to Surface Transforms plc, to raise £16 million by way of an equity placing and subscription together with an open offer to raise up to a further £3 million.

Surface Transforms are manufacturers of carbon fibre reinforced ceramic automotive brake discs. The Company has made continual progress in the past 18 months, building a contracted order book of £190 million from ten new vehicles across 6 OEMs, and a prospective revenue pipeline of a further £400 million. Furthermore, management expect to continue this positive momentum with the award of another new contract before the end of 2022.

Surface Transforms plc (LON:SCE) are experts in the development and production of carbon-ceramic materials and the UK’s only manufacturer of carbon-ceramic brakes for automotive use.

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