Companies

RSM advises Lords Group Trading plc on listing

The capital markets team was led by Diane Craig with the core transaction team including Ed Pipe and Emmet Faherty

The RSM capital markets team has acted as reporting accountants for Lords Group Trading plc on its listing to AIM.

Lords Group Trading plc, which admitted to AIM on 20 July, has raised £52m, £22m of which is for selling shareholders, with an initial market capitalisation of £150m at admission. 

Lords specialises in building, plumbing, heating and DIY goods that it supplies to local tradesmen, small to medium-sized plumbing and heating merchants, construction companies and the public. 

RSM said the admission to AIM is an “important step” in the group’s development, raising “new equity to provide flexibility to accelerate its growth organically and through acquisitions”. 

The capital markets team was led by Diane Craig with the core transaction team including Ed Pipe and Emmet Faherty.

Chris Day, CFO at Lords, said: “I’d like to thank the RSM team for a thorough and well-executed project, delivered to a very demanding timetable. 

“It was a pleasure to work with a great team of professionals who’s experienced and pragmatic advice throughout made a valuable contribution to the success of the transaction.”

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