News Releases
News releases 2009
23 November 2009
Hanson Westhouse leads £40 million fund raising for PureCircle
Hanson Westhouse has led the raising of £40 million for PureCircle, the world’s leading producer of the natural high intensity sweetener Reb-A and a leader in the global stevia sweetener industry.
Hanson Westhouse lead managed the bookbuilding process which resulted in the offer being substantially oversubscribed at a price of £2 per share. Mirabaud Securities and Liberum Capital acted as joint brokers.
PureCircle expects that its customers, which include some of the world’s largest food and beverage companies, will launch mainstream consumer products sweetened by Reb-A over the course of 2010 and 2011. PureCircle will use the proceeds of the placing to expand its supply chain and in the development of the company’s brand within the F&B industry.
Commenting on the Placing, Bill Staple, Chief Executive of Hanson Westhouse, said:
“Since its IPO in 2007 PureCircle has become a global business with a list of household names as its customers. The placing was strongly supported by both new and existing investors and it will enable the company to support its customers in their product launches in 2010 and 2011 as Reb-A becomes a mainstream food and beverage ingredient.”
For further information:
| Hanson Westhouse Holdings plc | |
| William Staple, Chief Executive | Tel: +44 (0) 20 7601 6100 |
| william.staple@hansonwesthouse.com | www.hansonwesthouse.com |
| Nominated Adviser Smith & Williamson Corporate Finance Limited |
|
| Azhic Basirov | Tel: +44 (0) 20 7131 4000 |
| corpfinance@smith.williamson.co.uk | www.smith.williamson.co.uk |
| Broker | |
| Hanson Weshouse Limited | |
| Tim Metcalfe | Tel: +44 (0) 20 7601 6100 |
| tim.metcalfe@hansonwesthouse.com | www.hansonwesthouse.com |
Media enquiries:
| Abchurch Communications Limited | |
| Quincy Allan | Tel: +44 (0) 20 7398 7710 |
| quincy.allan@abchurch-group.com | www.abchurch-group.com |
Notes to editors
Hanson Westhouse Holdings plc is an integrated corporate finance and broking house offering corporate advisory, broking, trading and M&A services to small and mid-cap companies. It specialises in servicing fast-growing companies, particularly those operating in emerging markets and in the natural resources sector.
Hanson Westhouse is authorised and regulated by the FSA, is a member of the London Stock Exchange, and is a registered AIM Nominated Adviser and Broker.
Hanson Westhouse has a team of highly accomplished corporate finance, broking and research specialists with a strong and diverse track record in the small and mid-cap sector. The team is further supported by an Advisory Panel whose members' experience in growing advisory businesses is well recognised throughout the corporate broking industry.
Hanson Westhouse plc was admitted to trading on AIM in June 2009 following a reverse takeover of SovGEM Limited. Hanson Westhouse is headquartered in London, has an office in Leeds, and employs more than 30 people. The Company continues to exploit opportunities in overseas markets through its strategic alliance with Agile Partners, based in Beijing, and through close working relationships with a number of other advisory businesses worldwide.
For further information, please visit www.hansonwesthouse.com