Panmure Gordon & Co, a leading independent institutional stockbroker and investment bank, is pleased to advise that it has acted as sole financial adviser, nominated adviser and broker on the IPO of Gear4music (Holdings) plc ("Gear4music", the "Company" or the "Group") valuing the company at £28m.
Gear4music is one of the largest UK based online retailers of musical instruments and music equipment with established partnerships with major brands and a bespoke platform operating in 19 countries. The net proceeds from the Placing of approximately £9.0m will be used to:
- Develop further Gear4music's bespoke ecommerce platform;
- Invest in additional marketing initiatives;
- Extend the range of products;
- Open a flagship showroom in London;
- Pay down debt.