The BDO Transaction Services team has advised Hotel Chocolat plc on its AIM IPO and institutional placing.
Hotel Chocolat manufactures premium cocoa products and sells them through a network of 84 stores and online. The Company raised £12 million (before expenses) through the Placing which will be used to accelerate the Group’s store roll-out, enhance its digital offering and increase its manufacturing capabilities.
With a placing price of 148p per share, on admission, Hotel Chocolat plc had a market capitalisation of £167m.
"BDO’s team were hard working, proactive and pragmatic. The first draft reports were of high quality, meaning that a potentially complex review process was straightforward. The process was smooth and information was always timely".
Matt Pritchard, Chief Financial Officer, Hotel Chocolat Plc