18.12.2014, 18:02
finnCap updates its technology
OREANDA-NEWS. finnCap, a leading independent broker to ambitious companies, is delighted to provide an update for finnCap's technology and telecoms franchise for 2014.
It has been a very busy year for finnCap, with circa ?180m raised in 16 fundraisings with an average return of 15%, compared to the FTSE Techmark 100 return of 5% and the FTSE AIM index which is down 22% year to date.
This represents approximately a quarter of all the money raised in Technology and Telecommunications on the LSE in the period. The transactions include six IPOs (Nasstar, Cityfibre, Global Invacom, Quartix, Constellation Healthcare and The People's Operator) and four M&A deals (Nasstar, Castleton, UBC Media and Ideagen).
finnCap Head of Technology Research, Andrew Darley said:
"2014 has been an eventful year for tech, with the initial heat of the first quarter and turbulence of the third quarter giving way to rationality and a stable year end valuation environment. The high quality of our client base continues to receive strong institutional investor support, with opportunities from both profitable organic growth and acquisition and an encouraging flow of new and exciting companies to the market. We look forward optimistically into 2015."
finnCap CEO, Sam Smith said:
"We remain the number one adviser to technology companies on the London market and have strongly supported our clients this year with a number of IPOs, fundraisings and M&A deals to enable them to deliver on their strategies."
About finnCap
finnCap is a leading independent broker to ambitious companies, the top adviser on AIM and a top ten adviser on the LSE. The team has a strong track record in advising and raising capital, providing research and dedicated aftermarket care. finnCap has 127 corporate clients and has raised over ?1bn of capital for its clients since inception and advised on c.?1bn of M&A.
It has been a very busy year for finnCap, with circa ?180m raised in 16 fundraisings with an average return of 15%, compared to the FTSE Techmark 100 return of 5% and the FTSE AIM index which is down 22% year to date.
This represents approximately a quarter of all the money raised in Technology and Telecommunications on the LSE in the period. The transactions include six IPOs (Nasstar, Cityfibre, Global Invacom, Quartix, Constellation Healthcare and The People's Operator) and four M&A deals (Nasstar, Castleton, UBC Media and Ideagen).
finnCap Head of Technology Research, Andrew Darley said:
"2014 has been an eventful year for tech, with the initial heat of the first quarter and turbulence of the third quarter giving way to rationality and a stable year end valuation environment. The high quality of our client base continues to receive strong institutional investor support, with opportunities from both profitable organic growth and acquisition and an encouraging flow of new and exciting companies to the market. We look forward optimistically into 2015."
finnCap CEO, Sam Smith said:
"We remain the number one adviser to technology companies on the London market and have strongly supported our clients this year with a number of IPOs, fundraisings and M&A deals to enable them to deliver on their strategies."
About finnCap
finnCap is a leading independent broker to ambitious companies, the top adviser on AIM and a top ten adviser on the LSE. The team has a strong track record in advising and raising capital, providing research and dedicated aftermarket care. finnCap has 127 corporate clients and has raised over ?1bn of capital for its clients since inception and advised on c.?1bn of M&A.
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