Abchurch has been appointed to provide Financial PR and Investor Relations advice to advanced engineering materials group, Versarien plc (“Versarien”), ahead of its IPO on AIM and a planned acquisition. Dealings are expected to commence on AIM in late March 2013. Northland Capital Partners Limited is acting as Nominated Adviser and sole Broker to the Group.
Versarien through its trading subsidiary, Versarien Technologies Limited was founded in 2010 to commercialise a process for the production of cutting edge porous metallic materials, developed at the University of Liverpool. These advanced micro-porous metals have been designed for thermal management and can be used in cooling systems in computing and power conditioning equipment of all sizes. Versarien is initially targeting the thermal management industry due to the material’s superb heat transfer properties. The thermal management market is expected to reach US$11.1 billion during 2013 (Source: BCC Research).
Julian Bosdet, Senior Partner at Abchurch commented: “Abchurch has significant experience advising on AIM listings and we are pleased to have been appointed by Versarien for its flotation. The Group has a very interesting product, a market with huge potential and support from senior government figures including Prime Minister David Cameron. We have previously worked with Versarien’s Chairman, Jim Murray-Smith and we are delighted that he and the Board have chosen to work with Abchurch again.“
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