Moneysupermarket.com stock market launch proves a massive hit
Moneysupermarket.com Group PLC is the UK's leading finance and UK travel price comparison website. Based in Ewloe, North Wales, the company employs 650 people and offers 25 price comparison channels. With almost 2 million registered customers, the website receives over 65 million visitors a year.
The co-founder and majority shareholder of Moneysupermarket.com was looking for a successful buy out, to be followed by floating the company on the stock market to achieve a high-quality shareholder base.
With the ultimate aim of allowing the company to expand its service offering and move into new European markets, the transactions had to be implemented on time and with the careful collaboration of several partners.
The buy-out was achieved with efficiency and professionalism by our regionally based experts. As joint mandated leader arranger, we underwrote the buy back via the provision of term debt in a £162 million transaction.
Our Capital Markets team successfully helped enable the much anticipated floatation of the business through an IPO – one of the largest floatations of its type in the UK.
The smooth and swift completion of these complex deals has allowed Moneysupermaket.com to capitalise on its plans for growth including market innovations and business expansion in Germany.
When it comes to financing it pays to compare. By choosing Lloyds TSB Moneysupermarket.com found:
To find out more about how Lloyds TSB Corporate Markets can help your business, contact:
Paul Foster
Deputy Area Director
Lloyds TSB Corporate Markets
Norfolk House
7 Norfolk Street
Manchester M2 1DW
Tel: 0161 952 2544
Mobile: 07802 444644
Email: paul.foster@lloydstsb.co.uk