Selkirk Group prepares to enter London’s AIM market, buoyed by Kelso Group’s investment in their IPO plans.
- Iain McDonald, founder of Belerion, set to chair Selkirk, leveraging his extensive experience with THG.
- Kelso Group aims to unlock potential in undervalued UK companies, focusing on the consumer, technology, and digital media sectors.
- The firm plans to raise £7.5 million on the AIM market to finance its initial acquisitions.
- Kelso Group expands its stake in THG plc, enhancing its influence within the company.
Selkirk Group is poised to make its debut on the London AIM market later this month, backed by a significant investment from Kelso Group. This move underscores a strategic initiative to capitalise on the untapped value present within the UK’s stock market.
The leadership of Selkirk Group is fortified by Iain McDonald, the mastermind behind Belerion. McDonald’s involvement is anticipated to bring unparalleled expertise owing to his long-standing association with THG as a non-executive director and advisor. His dual role, including his directorship at Boohoo, positions Selkirk favourably within the investment landscape.
With a clear mandate to target undervalued enterprises, Selkirk Group aims to penetrate the consumer, technology, and digital media sectors. The company envisions its first acquisition to be within the £30 million to £1 billion enterprise value range, marking a significant strategic venture.
The objective of raising £7.5 million through the AIM market is pivotal for Selkirk’s acquisition strategy. This capital will facilitate the company’s endeavors to unlock and amplify the overlooked growth prospects of UK businesses within its targeted sectors.
In parallel, Kelso Group has consolidated its position in THG plc by acquiring an additional 2.5 million shares, bringing its total holding to 7.5 million shares. This move signifies Kelso’s commitment to increasing its influence and potential impact on THG’s decision-making processes.
Selkirk Group’s strategic entry onto AIM is a calculated move to harness the latent potential within the UK’s undervalued market.