A pair of Linklaters London partners are advising on their second U.K. IPO this week, taking a role for the banks backing the flotation of online greeting cards company Moonpig.
The company is preparing to float on the London Stock Exchange for an anticipated value of over £1 billion, according to a statement by Moonpig on Tuesday.
The retailer said one reason for the IPO is to “further raise the profile” of the company and to allow for its continued growth. The statement added that Moonpig intends to float at least 25% of the business, placing the value at over £1 billion.
Linklaters is advising the banks backing the float. The team is made up of London-based partners Tom Thorne and Pam Shores, a Linklaters spokesperson said, who are also on call for the banks on Dr Martens intended float, announced on Monday.
Allen & Overy, meanwhile, is advising Moonpig. London private equity partner Gordon Milne, and London equity capital management partners James Roe and Adam Wells make up the team, according to a spokesperson for the firm.
Milne has a longstanding relationship with Moonpig owner Exponent Private Equity, having advised the company when it acquired Photobox Group in 2015 and more recently on its £400 million sale of spirits producer Loch Lomond in 2019.
Moonpig CEO, Nickyl Raithatha, said: “We are confident that Moonpig Group will continue to make gifting even more effortless for millions of people across the U.K. and internationally, and as the leaders of the accelerating shift to online now is the perfect time for us to bring the company to the public market.”
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