Marlowe plc’s £40 Million Raising


Memery Crystal has advised Cenkos Securities and Berenberg, as lead bookrunners, and Stifel Europe, as bookrunner, in respect of a placing on behalf of Marlowe plc to raise £40m in connection with its acquisition of Elogbooks Facilities Management Limited and Elogbooks Facilities Services Limited.

Marlowe plc, the AIM listed, UK leader in specialist services which assure the safety and regulatory compliance of commercial properties, whilst managing risk for businesses across the country, has raised gross proceeds of £40m through the placing of 8,368,200 ordinary shares at a price of 478p, with new and existing investors. A portion of the net proceeds of the placing are to be used by the company to acquire, inter alia, Elogbooks Facilities Management Limited and Elogbooks Facilities Services Limited, the developers of a software tool allowing users to schedule and monitor compliance and maintenance activities.

The Memery Crystal team was led by Corporate Director, Mark O’Donnell (Picture), who was assisted by Senior Associate Robert Black.

Involved fees earner: Robert Black – Memery Crystal; Mark O’Donnell – Memery Crystal;

Law Firms: Memery Crystal;

Clients: Berenberg Bank – Joh Berenberg Gossler & Co; Cenkos Securities; Stifel Nicolaus Europe Limited;