Marwyn European Transport plc (MET) is actively preparing for floatation and will shortly be seeking to raise up to approximately €50m of new equity capital from institutional investors to fund its growth in the German bus market.
Marwyn Management Partners plc (MMP) group has invested approximately £16.6m (€19.4m) of equity and debt capital into MET during the course of its ownership and, following a debt recapitalisation at or immediately prior to admission of MET’s shares to AIM (Alternative Investment Market), will remain a substantial shareholder upon its listing.
The business is expected to generate revenue for the year ending December 31, 2013 of approximately £26m with a contracted order book at the end of June 2013 of circa €138m.
MET was launched as a wholly owned subsidiary of Marwyn Management Partners in February 2011 to pursue acquisition opportunities within the European transport sector. The Chief Executive Officer is David Leeder while Non-Executive Director is Steve Clayton.