LendInvest float on AIM with a valuation of £255 million
Incorporated on 17 July 2012, LendInvest is an asset manager focused on property finance in the UK.
The business originates property finance assets for investors and financial partners through a variety of investment solutions and products, including funds and separate accounts, financial partnerships and residential mortgage-backed securities. These products are tailored to address the specific risk return and investment criteria of investors.
Through LendInvest’s platform, institutional investors gain exposure to property finance assets without requiring them to establish direct lending operations or borrower services.
LendInvest uses proprietary technology and third-party integrations to provide better solutions for borrowers and intermediaries. The volume and quality of mortgages originated by its scalable platform is attractive to institutional investors and financial partners.
Admission to Trading on AIM
On 14th July 2021, admission and dealings commenced by way of an Offer of 21,531,722 New Ordinary Shares at the Offer Price of 186 pence which raised approximately £40 million, giving a valuation of over £255 million.
The Perivan shareholder communications team were delighted to work with Berenberg who acted as Nominated Adviser, Bookrunner and Broker on the successful publication of the 220-page admission document, which included the provision of Engage, the Perivan Corporate and Investor interaction platform for the secure distribution of the Pathfinder Prospectus relating to the retail offering.
This was an important milestone for Berenberg, being their inaugural AIM admission having gained Nominated Adviser status from the London Stock Exchange on 13th May 2021.
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Perivan specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies, private companies, and open and closed-ended funds.