Midas touch for listing
Date Posted: Mon 18th Feb 2008
Paver Smith this morning completed the announcement of the stock market listing for investment managers Midas Capital Partners.
Its reverse takeover of Iimia Miton Optimal values the business at £90m and will see the combined group manage funds of £3.6bn.
This is the second Liverpool AIM listing in recent months to benefit from Paver Smith's financial markets expertise. In mid-2007 local brewer Cains Beer Company used a reverse takeover of Honeycombe Leisure to list, with Paver Smith acting for the lawyers on the deal, DLA Piper.
"We're delighted for CEO Simon Edwards and his team," said agency MD Dougal Paver. "Midas is an outstanding business and a real asset in Liverpool's corporate crown. It's great to see another stock-market listed business based in the city.
