Fishing Republic AIM float provides platform for growth

Man attaching bait to rod Print news article

01/06/2015

Walker Morris reinforces stock market expertise with another AIM IPO

Walker Morris is advising fishing tackle retailer, Fishing Republic, on its admission to AIM. The flotation is the third AIM IPO on which Walker Morris has advised in a four week period and underlines the firm’s specialist knowledge in this area.

The Yorkshire-based retailer is raising £1.5 million to fund a new store in Birmingham and expand the Group’s marketing activities. The Directors also believe there is opportunity to acquire other specialist fishing tackle retailers which will allow it to extend its reach into the South of England.

A team of corporate finance specialists from Walker Morris, including Richard Naish, are advising Fishing Republic.

Richard Naish commented:

“Fishing Republic has an extraordinary history having been established by its CEO and former captain of the England under-21 Fly fishing team, Steve Gross, when he was just 13 years’ old.  Since then the Group has grown to become one of the leading fishing tackle retailers in the UK with seven stores based in the North of England.

“The Placing is great news for the Group and will provide a solid base to help realise its growth ambitions.  The transaction continues the trend for stock market activity that we’ve seen and represents the third AIM float on which we’ve advised in a month (the other two being Cleeve Capital plc and Gear4music (Holdings) plc).”

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