Global law firm White & Case LLP has advised Amigo Holdings PLC, the leading company in the UK guarantor loan space, on its initial public offering (IPO) on the London Stock Exchange (LSE).
Amigo is to be admitted to the premium listing segment of the Official List and the main market of the LSE. At the agreed offer share price of 275 pence per share, the total market capitalisation of Amigo at the commencement of conditional dealings is approximately £1.3 billion.
"White & Case has advised Amigo on an eye-catching and strategically significant IPO that supports its ambition to continue growing its customer base in the UK," said White & Case partner Ashley Ballard, who co-led the Firm's deal team alongside fellow White & Case partner Jonathan Parry. "The transaction continues our strong and longstanding relationship with Amigo, and we look forward to continuing to support the company as it enters an exciting new phase in its development."
Founded in 2005, Amigo pioneered the guarantor loan concept, and today provides guarantor loans from £500 to £10,000 over a term of between 12 and 60 months. A guarantor loan is a personal loan for which interest and principal payments are guaranteed by a second individual. Amigo is the UK's largest guarantor loan company, with a market share of around 88 percent, and was the first dedicated guarantor lender to obtain FCA authorisation.
The White & Case team in London which advised on the transaction included partners Ashley Ballard, Jonathan Parry, Nicholas Greenacre and Rob Matthews, and associates Monica Holden, Erika Games, Alex Underwood, Callie Wallace and Kate Russell.
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