Druces have advised RentGuarantor Holdings PLC (AIM: RGG) on a successful accelerated bookbuild placing on AIM. The fundraising will support the Company’s continued growth strategy through further investment in its technology platform and AI capabilities.
RentGuarantor is a leading provider of rent guarantee services to tenants and landlords across the UK private rented sector. The placing was conducted by Shore Capital and Cavendish Capital Markets, acting as Joint Bookrunners, with Allenby Capital Limited acting as Nominated Adviser to the Company.
Paul Foy, Chairman of RentGuarantor Holdings PLC, commented:
“It has been wonderful working with Jack and the team at Druces LLP on our recent placing. They always provide reassurance, to help make the transaction go smoothly. Thanks to Jack and all the team at Druces.”
Jack Dervyn, Partner and Head of Capital Markets at Druces LLP, commented:
“We have walked the path with RentGuarantor from their initial admission to Aquis, move to AIM and now this recent fundraising. We congratulate the board and all involved on a fast paced and successful transaction.”
The Druces deal team was led by Jack Dervyn, Partner and Head of Capital Markets and included Mark Lamph (Senior Associate) and Alexandra Mak (Trainee Solicitor).
