MHA's Ambitious IPO Debut on AIM
Deal News | Apr 10, 2025 | Freeths LLP
Leading law firm Freeths has successfully guided MHA, the UK's 13th largest accountancy firm, through a £250 million pre-money valuation IPO on the AIM market of the London Stock Exchange. The offering raised £95.8 million from institutional investors, with opportunities extended to British retail investors as well. MHA plans to utilize the new capital for future acquisitions, working capital, and a pre-IPO restructuring, positioning itself to potentially break into the UK’s top 10 accountancy firms. Freeths’ multidisciplinary team of 44 lawyers, led by ECM specialist Jeremy Swift and Tom Rowley, provided comprehensive legal support throughout the process. MHA's admission to AIM marks a significant milestone, reinforcing confidence in the UK capital markets. The firm's CEO, Rakesh Shaunak, expresses optimism about the growth prospects enabled by this milestone, highlighting the indispensable support from Freeths. The collaborative effort with Cavendish and others underlines Freeths' capacity to execute complex financial transactions. The listing also serves as a testament to the growing prominence of Freeths in the corporate law landscape as it positions itself for a potential accolade of City AM's Law Firm of the Year 2025.
Sectors
- Legal Services
- Financial Services
- Capital Markets
Geography
- United Kingdom – MHA is an accountancy firm based in the UK, and the IPO took place on the AIM of the London Stock Exchange. Freeths LLP, a UK-based legal firm, facilitated the transaction.
Industry
- Legal Services – The article prominently features Freeths LLP, a leading law firm, detailing their advisory role in MHA's IPO process.
- Financial Services – MHA is part of the accountancy sector and the IPO operation involves significant financial service components, including institutional investment and capital markets.
- Capital Markets – The article focuses on MHA's IPO on AIM, a segment of the London Stock Exchange, highlighting activities within the capital markets.
Financials
- £250 million – Pre-new money valuation for MHA’s IPO on AIM.
- £95.8 million – Amount raised from institutional investors during MHA's IPO, with a component for British retail investors.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| MHA | Target Company | Company | MHA is the UK's 13th largest accountancy firm, pursuing growth through strategic acquisition and a recent IPO on AIM. |
| Freeths LLP | Legal Advisor | Company | Freeths is a UK-based leading law firm advising MHA on its IPO, with a significant team led by ECM specialist Jeremy Swift and Tom Rowley. |
| Jeremy Swift | ECM-specialist London Corporate Partner | Person | Jeremy Swift led Freeths’ legal team on MHA's IPO project. |
| Tom Rowley | London Head of Corporate | Person | Tom Rowley supported the IPO, working alongside Jeremy Swift at Freeths. |
| Cavendish | Advisory Team | Company | Cavendish collaborated with Freeths and others, playing a part in advising MHA's IPO. |
| Rakesh Shaunak | CEO | Person | Rakesh Shaunak is CEO of MHA, guiding the company through its growth and strategic IPO process. |