14/04/2025
We’re delighted to be helping MHA with its planned IPO, which is due to list on London’s AIM Market tomorrow, 15th April, and will give the company a valuation of c£269m. Up to £101.8m is to be raised at IPO, comprising a placing of £95.8m as well as a retail offer of up to approximately £6m new ordinary shares.
MHA is the 13th largest accounting firm in the UK and has grown significantly over recent years, with a ten-year revenue CAGR of 13.7%.
The firm, which operates both in the UK and internationally through its membership of the Baker Tilly Network, plans to use the proceeds of the IPO to expand through further acquisitions – one of the key reasons for its impressive growth in recent years – as well as enabling the company to focus on building its network and investing in technology and talent.
In addition to its ambitious growth plans, MHA’s IPO marks an important milestone in its strategy to become a top 10 UK accounting and professional services firm, aiming for annualised revenues exceeding £500m in the medium term.
Our thanks to our wonderful clients at MHA, Baker Tilly and NOMAD Cavendish.
If you’d like to find out how we can help ensure the success of your IPO and fundraisings, chat with us today: hello@blackandcallow.com
