02/07/2018
The Corporate team at Memery Crystal advised long-standing client Shore Capital as nominated adviser and sole bookrunner in relation to last week’s AIM listing of egg-free cake retailer Cake Box.
Shore Capital successfully raised c. £16.5m in connection with the AIM IPO of Cake Box Holdings Plc. The shares were admitted to trading on 27 June 2018.
Launched in 2008 in East London, Cake Box now has 91 stores selling fresh cream cakes. All cakes are 100% egg-free which enables the company to target a larger potential market, including those unable to eat cakes for dietary or religious reasons. In 2017, the company introduced a ‘Click and Collect’ service, where personalised cakes can be ordered online and collected within an hour. Cake Box was recently recognised as one of the 100 fastest growing companies by turnover in the UK in the 2018 Sunday Times Virgin 100 Fast Track league table.
The Memery Crystal team advising Shore Capital on this deal included Partner Greg Scott, Senior Associate Mark O’Donnell, Senior Associate Krishen Patel and Solicitor Robert Black.
(Image Source: Shore Capital Website)
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