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Stephenson Harwood advises on Microlise IPO
Law firm Stephenson Harwood LLP has advised Singer Capital Markets Advisory LLP in its role as nominated advisor, sole broker and bookrunner to Microlise on Microlise’s initial public offering (IPO) on the AIM market of the London Stock Exchange. Microlise raised gross proceeds of £61.2 million (£18.6 million for the Company and approximately £42.6 million for certain selling shareholders).
Upon admission, Microlise will have a market capitalisation of approximately £156.5 million. Established in 1982, Microlise provides transport management software to fleet operators, helping them to improve efficiency, safety, and reduce emissions. It has a diverse customer base, with clients including Culina Group, DFS, Hovis, MAN Truck & Bus UK, and Yodel. This IPO will enable Microlise to broaden its product offering, and to accelerate its international growth strategy.
The Stephenson Harwood team was led by partner Tom Nicholls, who was supported by associate Jack Digby.
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