Cambridge based multi franchise dealer group, Marshall Motor Holdings plc has raised £36.9 million with an IPO (April 2nd 2015) on the AIM market of the London Stock Exchange under the ticker “MMH”.
The firm says that the cash will be used to accelerate growth through funding of acquisition opportunities and to invest in the Group’s existing operations including investment in freehold opportunities, site upgrades and redevelopments, and investment in the Group’s website and e-commerce capabilities.
Talking about the move, Daksh Gupta, CEO of MMH, said, “We have been delighted by the investor support for our admission to AIM. Our IPO is the culmination of many months’ hard work and means Marshall Motor Holdings is well positioned to deliver continued strong growth.
“I would like to take this opportunity to thank everyone involved in our IPO, especially those internally at Marshall as well as our advisers for their hard work throughout this process. I would also like to thank our brand partners for their support to date and we look forward to continuing to work closely together.
“On behalf of everyone at MMH I would like to place on record our gratitude for the support over more than 100 years of Marshall of Cambridge. We look forward to continuing to work with them along with all of our new shareholders.
“Today represents a significant milestone in our continued development together. There are many exciting opportunities ahead for MMH and all of our people.”
The Company’s AIM Admission Document can be found at www.mmhplc.com
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