London Stock Exchange Welcomes Elixirr International plc to AIM
London Stock Exchange today welcomes Elixirr International plc, an established global award-winning management consultancy.
Elixirr announced that it is raising a total of £25.0 million with a market capitalisation on admission of £98.1 million. The placing will raise gross proceeds of £20.0 million for Elixirr which the company intends to use to accelerate its expansion into new markets and further it’s successful growth to date.
Admission to AIM will help to provide Elixirr with a platform to strengthen and align, by way of share participation, all employees’ goals with those of the business. This will enhance the ownership mentality that already runs throughout the team - truly embedding Elixirr’s culture as a firm of entrepreneurs. Admission to the exchange will help to strengthen our position in international markets, raise the profile of the Elixirr brand and acquire new capabilities.
Elixirr is a firm of entrepreneurs, industry experts and consultants, providing strategic advice and innovative solutions to clients to overcome challenges such as: future-proofing against technological disruption; development and roll-out of new propositions, products and services; incubating new businesses; navigating a more complex and multinational regulatory environment; and implementation of major change programmes.
Founded in 2009, Elixirr was built with one clear vision: to become the world’s best consultancy. Since its inception, its reputation has quickly developed as its challenged the incumbent management consultancies in delivering innovative and bespoke solutions to clients.
Elixirr has now worked with over 150 clients in 25 countries across Europe, North America, Africa, Asia and Australia. Since forming, the company has successfully grown and diversified its client base by industry and geography, with a focus on forging long-term relationships with its clients. This is evidenced by the majority of Elixirr's revenue being generated from repeat business.
Stephen Newton, Founder & CEO of Elixirr, says:
“Listing on AIM today marks an incredible chapter in Elixirr’s story. Not only will it give us the platform to accelerate our ambitious growth plans, but it will further the ownership mentality within our talented team – of building a business, not just working for one. The vision I had for the firm in 2009 remains - to become a world-leading consultancy. Admission to the exchange will further support our reputation as the challenger consultancy and provide the capital to accelerate our integrated strategy, growing off the great platform we have created.
Everyone within the business is looking forward to beginning our life as a public company which will see all Elixirr employees become shareholders to further align the business for continued success.”