Location Sciences
Deal Alert: PKF supports acquisition and re-admission to AIM
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We are delighted to have supported Location Sciences on the acquisition of Sorted Holdings Limited and re-admission to AIM.
The company has raised gross proceeds of approximately £2 million, through the subscription of 2,285,712 new ordinary shares at a price of 87.50 pence per share.
Sorted operates a software-as-a-service business model providing delivery experience software which serves ecommerce retailers – from large, global enterprises to smaller, independent start-ups.
Upon completion, the company will trade under a new name of ‘Sorted Group Holdings Plc’.
“Today’s fundraise and AIM listing marks another exciting stage in Sorted’s journey, as we continue our mission of bringing ecommerce retailers of all sizes confidence in every delivery, every time. PKF was instrumental in the due diligence of this process, and we look forward to continuing our collaboration in the future.”
Simon Wilkinson
Chairman
Sorted Group Holdings Plc
PKF acted as reporting accountant on the transaction and the Capital Markets team included Joseph Baulf, Sam Bradshaw and Martha Povoas.
Find out more about how our Capital Markets team can support you and your business here.