GrowthBusiness.co.uk: Your gateway to entrepreneurial success
Simon Daniel
Back to the future
Now the recession is apparently over, global companies are back to thinking about the future...
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- Jan 1970
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Just Retirement, a specialist life assurance group providing financial services to those at or in retirement, has raised £87 million through an IPO on AIM.
The company has been valued at £422 million after it issued 58.7 million ordinary shares at 148p each.
Just Retirement’s chief executive, Mike Fuller, said: “We are delighted with the high level of interest that institutional investors have shown in Just Retirement. This is a significant endorsement of our track record, market position and strategy and we are pleased with investors’ confidence in our business for the future.”
The London branch of Deutsche Bank was the sole global co-ordinator, bookrunner, nominated adviser and broker to the IPO, with actuarial advice provided by Tillinghast. Fox-Pitt, Kelton was co-lead manager.
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