The London office of international law firm Winston & Strawn represented Mind Gym PLC on its GBP145 million listing on the AIM market of the London Stock Exchange.
The transaction involved a GBP50 million vendor placing by founders and employees and on admission to trading, Mind Gym had a market capitalisation of over GBP145 million.
The placing was oversubscribed and on close of business after the first day of trading the company’s share price had increased by 25 per cent. Liberum Capital Limited acted as nominated adviser, sole bookrunner, and sole broker on the deal.
Mind Gym is a behavioural science business that uses scalable proprietary products to deliver human capital and business improvement solutions to large organisations. It has operations in the UK, US and Singapore. It has worked with 62 per cent of the current FTSE 100 companies and its clients include Microsoft, GSK, and Unilever.
Mind Gym Chair Joanne Black says: “It was a delight to work with Paul Amiss and his team at Winston & Strawn. Always one step ahead, their high quality seamless and highly responsive service coupled with their valuable strategic advice played a key role in the transaction’s success.”
Corporate Partner of Winston, Paul Amiss, adds: “It was a pleasure to work with such a dynamic company and high quality team led by Joanne and Octavius Black. We look forward to working with them as they continue to take the business from strength to strength.”
The core Winston team was led by Corporate Partner Paul Amiss who was assisted by fellow partner Stewart Worthy, associates Joe Knox and Daniela Cohen, and trainee Jessica Boardman.
