The Pebble Group plc (“Pebble” or the “Group”) provides products, services and technology to the global promotional products industry. Its principal areas of activity are (i) the design, sourcing and delivery of creative promotional merchandise and branded products to blue chip clients for corporate and consumer marketing activity, through Brand Addition, and (ii) the provision of SaaS to SME promotional products distributors, through Facilisgroup.
Following a period of organic sales growth and acquisitions, the Group has demonstrated profitability and strong cash generation under its current ownership. The Placing and Admission have paid down all debt and enabled a partial equity exit for Elysian Capital. Pebble will operate with a debt-free capital structure following IPO, enabling the Group to invest more readily in the future growth and development of the business.
The transaction provides a further demonstration of our independent Nomad model, as we continue to provide market leading regulatory and commercial advice to public companies and private companies seeking growth by way of an IPO.
We were supporting a company that were targeting growth and wanted to build on a recent acquisition who had made the strategic decision that this was best served on the public markets.
The IPO provided a successful exit strategy for Elysian with us supporting our client through the admission process.
Timeline of events
December 2019
September 2020
March 2021
September 2021
We are pleased to have reached another landmark in our journey by joining AIM, and are proud to have achieved the largest IPO fundraise on the market so far in 2019. Grant Thornton provided crucial support throughout the IPO process, and have helped us in ensuring that the admission ran to timetable and achieved our objectives. We very much look forward to continuing our relationship with Grant Thornton as we enter the next stage of the Group’s development.
Chris Lee CEO, The Pebble Group plc
