Go to deals
TMT

Fonix Mobile plc admission to AIM and successful US$58 million secondary placing

Fonix Mobile plc has completed an IPO that will serve both to raise the profile of the company and provide it with the flexibility to fund growth.

Fonix Mobile is a UK-focused mobile payments and messaging company, enabling businesses to charge users’ mobile bills and send users SMSs via their carrier. Founded in 2006, the company allows mobile network operators to provide additional services in the form of carrier billing, SMS billing, messaging and voice shortcodes. Fonix Mobile has over 100 clients, including ITV, Bauer Media, BT, Global Radio and BBC Children in Need, across a range of multi-billion-pound sectors such as media, gaming, charity, ticketing and digital services..

Oaklins Cavendish’s sister firm finnCap, based in the UK, in its role as financial advisor, assisted Fonix Mobile’s management team all the way, from the start to the successful completion of the IPO. The strong efforts of the team enabled existing shareholders to partially realize their investments as well as building a strong institutional register for the company.

Service
Funding, debt advisory & ECM
Parties
“We have built a relationship with the team over the last five years that has led to a mutual trust, which gave us the confidence to proceed with this IPO. They consistently delivered the message that going down the route of an IPO allows a business to continue on its growth path, raising the profile of a company and giving it the ability to use its paper should the right opportunity present itself – but most importantly to us, allowing us to continue to run our business independently. Thank you, you executed the transaction over 10 weeks in an extremely efficient manner and met the target completion date, and have built a share register that we are very proud of. Your whole team works in a seamless collegiate manner and have drummed into us the need to under-promise and over-deliver, a principle that you clearly follow as well. We look forward to working with you on the next phase of our journey.”

Rob Weisz

CEO, Fonix Mobile plc

Talk to the deal team

 Peter  Gray

Peter Gray

Partner
London, United Kingdom
Oaklins Cavendish

Related deals

Helmes has acquired Lithuanian software developer TeleSoftas
TMT

Helmes has acquired Lithuanian software developer TeleSoftas

International digital innovation company Helmes has acquired a 70% stake in Lithuanian software engineering firm TeleSoftas. The investment aligns with Helmes’ strategy to become the largest digital innovation company in the Baltic Sea region.

Learn more
M80 Partners has acquired Luminis
Private Equity | TMT

M80 Partners has acquired Luminis

Belgian private equity fund M80 has acquired a majority stake in Luminis. M80 offers to software and technology company Luminis the opportunity to further expand its strategy and market position internationally. Luminis becomes part of a platform that also includes XPLUS, a Belgian expert in enterprise IT architecture. M80 plans to make further selective acquisitions in Europe in the coming months with the aim of bringing together a portfolio of best-in-class digital transformation specialists.

Learn more
Change Financial (ASX:CCA) has raised US$4 million
Financial Services

Change Financial (ASX:CCA) has raised US$4 million

Change Financial has completed a capital raise to help accelerate product enhancement, repay its debt, provide working capital and cover the costs of the offer.

Learn more