GLE Invoice Finance is seeking a quotation on the Alternative Investment Market (AIM) A valuation of between Ј15m and Ј20m is anticipated. The company is looking to
raise about Ј7m gross via an institutional placing.
Independent Growth Finance will become the holding company of GLE Invoice
Finance, a receivables finance company specialising in providing recourse
factoring to small and medium-sized enterprises, with turnovers of Ј100,000 to Ј5m per annum.
The nominated adviser and broker is Charles Stanley & Company.
Source: The Financial Times Limited