News from Abchurch

Abchurch mapped by Atlas for its AIM flotation

09 February 2009

Atlas Corporate Services Limited has appointed Abchurch to work on its pre-IPO and IPO communication program alongside advisors Clifford Chance and Ernst & Young. The Company is seeking pre-IPO funding prior to an eventual admission to trading on AIM within the next 12 to 18 months.

Atlas is recognised as the leading provider of professional directors and nominee holding accounts. To meet the increasing demands of its clients, Atlas has built an ancillary business in the provision of cross-border companies, trusts and foundations and also supplies administration, payroll and other back office services. Atlas is headquartered in Dubai with associate offices in Ireland, Nevis and Cyprus.

Atlas operates a ‘buy and build’ strategy to acquire within the corporate services sector and the current market environment offers significant opportunity for this. Institutions, driven by increasing regulation and a need for liquidity, are beginning to offload their corporate services divisions that they consider to be non-core assets. The Group will seek to acquire these divisions at low multiples, stripping out costs and integrating them into the existing Atlas structure.

Atlas is looking at acquiring corporate and trustee service providers (CTSP), expanding its office locations, enhancing its marketing efforts, investing in staff and technology and applying for FSA registration.

Atlas adds to Abchurch’s expanding portfolio of international clients and the Company is poised to benefit from both our own expertise, and that of our partner agencies in the global IPREX network.

Media enquiries:
Heather Salmond
heather.salmond@abchurch-group.com
Tel: +44 (0)20 7398 7704