GLE Invoice Finance Seeks AIM quotation


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



All news and features older than 7 days are subscription only. This article is from the archive. Archived articles could only be accessed with the subscription. If you are a subscriber please log in, alternatively you need to purchase a subscription to view the full content for this page.