Finers racks up AIM floats with Seymour

Finers Stephens Innocent’s AIM practice enjoyed a bumper October after scooping two new broker clients and advising on eight flotations.

The West End firm won Seymour Pierce as a new client after the broker came across the head of Finers’ AIM practice Ashley Ree-back on five deals in the past two years. Seymor Pierce has historically had strong ties with boutique Memery Crystal.

Last month, Reeback and corporate finance partner Nilam Statham advised Seymour Pierce on a £5.1m placing for AIM-listed Air Music Media Group, the Hertfordshire-based business behind the Going for a Song record label.

Finers also won JM Finn & Co as a new client and has already advised the broker on three deals. Last month, the firm acted for JM Finn on placings for two AIM-listed companies – Smart Approach Group and Medical Marketing International Group.

The firm has recently won two corporate clients after competing in beauty parades. Thanks to recommendations from existing broker client Daniel Stewart & Co, Finers scored instructions from Hill Station and Jelf Group.

In October, Reeback helped Hill Station, the luxury ice cream business founded by two former JP Morgan bankers, complete a corporate reorganisation, placing and admission on AIM.

In the same month, Reeback also steered Jelf Group through a placing and admission to trading on AIM.

The success continued after Finers won a mandate from ADDleisure on an acquisition, placing, offer for subscription and admission to trading. The firm won ADDleisure as a new client thanks to a personal relationship between Reeback and the company’s board.

Reeback said: “In 2003 we’ve seen a threefold increase in the amount of AIM work we’ve been doing.”