Glantus Holdings PLC’s £37 Million Listing

Glantus Holdings PLC's £37 Million Listing

Forsters and Beauchamps LLP have advised Glantus Holdings plc on its AIM admission, the first Irish company to be admitted to AIM post Brexit.

London Stock Exchange welcomed  Glantus to AIM under the ticker “GLAN”, after it raised gross proceeds of £10m for the Company and a further £4m for shareholders. The Placing Price was 102 pence per share resulting in a market capitalisation of £37m at Admission.

Glantus is a global provider of Accounts Payable (“AP”) automation and analytics solutions. It utilises a technology that layers onto existing data systems and transforms and analyses data to improve finance automation, and delivers analytics and data science to business users. The Company products focus on three areas: Active AP Discovery, Intelligent AP Automation and Advanced AP Analytics.

The Company’s solutions are built on its proprietary Data Platform which allows for the capture of data providing automation, visualisation and advanced analytics. It offers real-time and on-demand reporting capabilities that enable various stakeholders in an organisation, including Chief Financial Officers, shared service and finance directors, and AP managers to make data-driven decisions. Moreover, the solution uses automation to improve efficiency, reduce user-related errors and manage risk.

The Forsters’ team that advised on the transaction was led by Partner Dearbhla Quigley (Picture), who was assisted by Senior Associate George Nicolaou and Trainee Ellen Jones. Counsel Joe Beeston provided employment advice with additional corporate support provided by Associate, Tasneem-Zohura Alom.

The Beauchamps’ team was led by partner Máire Cunningham with support from Kyle Wimpress and Andrew Colton. Maureen Daly advised on IP and data protection and Paul Gough advised on employment law.

Involved fees earner: Andrew Colton – Beauchamps Solicitors; Máire Cunningham – Beauchamps Solicitors; Maureen Daly – Beauchamps Solicitors; Paul Gough – Beauchamps Solicitors; Kyle Wimpress – Beauchamps Solicitors; Tasneem-Zohura Alom – Forsters LLP; Joe Beeston – Forsters LLP; George Nicolaou – Forsters LLP; Dearbhla Quigley – Forsters LLP;

Law Firms: Beauchamps Solicitors; Forsters LLP;

Clients: Glantus Holdings PLC;

Author: Federica Tiefenthaler