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

October 2020 — 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.

Our role in the transaction

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

Partner

London, United Kingdom
Oaklins Cavendish

View profile Get in touch

Related deals

Comtax has been acquired by Ryan

Private Equity | Business Support Services | TMT

Comtax has been acquired by Ryan

Comtax, a São Paulo-based tax technology consultancy specializing in tax determination and digital tax compliance, had been acquired by Ryan, the world’s largest firm dedicated exclusively to business taxes. The transaction marks Ryan’s entry into the Brazilian market, adding a specialized team and an established base of large corporate clients in Brazil, one of the world’s most complex tax environments, at a time when the country’s consumption tax reform is set to reshape how companies calculate and report indirect taxes. For Comtax, the acquisition brings access to Ryan’s global platform, technology and client network across more than 80 countries, creating opportunities to scale its tax determination and compliance offering beyond its current footprint. Comtax’s founders will continue to lead the business.

Learn more

Tandem has completed a voluntary public tender offer for the shares of Compagnia dei Caraibi

Food & Beverage

Tandem has completed a voluntary public tender offer for the shares of Compagnia dei Caraibi

Tandem S.r.l. has completed a voluntary public tender offer for 25.99% of the shares in Compagnia dei Caraibi S.p.A.

Learn more

Nextalia has acquired a majority stake in Witapp

Private Equity | TMT

Nextalia has acquired a majority stake in Witapp

Nextalia SGR S.p.A. has acquired a majority stake in Witapp S.r.l., an Italian company specializing in software development for the digitization of healthcare infrastructure. The acquisition strengthens Nextalia’s track record in technology companies serving the public sector and supports its strategy of investing in businesses operating at the intersection of healthcare digitization and the modernization of public services.

Learn more