Selkirk Group is poised for a notable entry on London’s AIM market in October, backed by the influential Kelso Group.
- Iain McDonald, with long-standing ties to THG and Boohoo, is set to chair Selkirk Group, enhancing its market credibility.
- Selkirk targets undervalued companies in consumer, technology, and digital media, with a focus on acquisitions up to £1bn.
- Kelso Group underscores its commitment to unlocking UK market potential, supporting Selkirk’s strategic direction.
- The forthcoming IPO aims to generate £7.5m, while Kelso strengthens its THG position with 2.5m additional shares.
Selkirk Group is preparing for its strategic listing on the London AIM market, backed by THG’s activist investor, Kelso Group. This move, set for later this month, underscores Kelso’s strategic intent to advance its growth and investment footprint within the UK’s financial landscape. AIM, being one of the premier growth platforms, presents a valuable opportunity despite a challenging reduction in the number of listed companies recently.
Iain McDonald, who has extensive experience with THG as an early investor and advisor, as well as significant involvement with Boohoo, is poised to chair Selkirk Group. McDonald’s appointment is pivotal, given his deep insights and connections within the consumer and e-commerce sectors. His leadership is poised to bolster Selkirk’s credibility and strategic vision.
Selkirk has delineated clear investment objectives, focusing on identifying and acquiring undervalued companies within the consumer, technology, and digital media sectors in the UK. The company’s strategy includes targeting enterprises with an estimated value ranging from £30 million to £1 billion. This approach is indicative of a robust acquisition strategy aimed at exploiting market inefficiencies and capitalising on latent equity potential.
Kelso Group’s commitment to Selkirk Group aligns with its broader corporate strategy to unlock and capitalise on undervalued assets within the UK market. Sir Nigel Knowles, Kelso Chair, expressed a strong advocacy for supporting the AIM market, recognising its critical role in nurturing small to mid-sized businesses in Britain. The company perceives the AIM market as essential to fostering growth and innovation within the financial sector.
In addition to backing Selkirk’s IPO ambitions, Kelso Group has bolstered its stake in THG, acquiring an additional 2.5 million shares in the recent placement, taking its total to 7.5 million shares. This continued investment reflects Kelso’s ongoing confidence in THG’s market potential and aligns with its strategic objectives to enhance shareholder value and influence within the commerce sector.
Selkirk’s anticipated IPO, supported by Kelso Group’s strategic investments, signifies a pivotal step towards capturing value within the UK market.
