Sports events company lines up the AIM waterline | News from national offers

A data services company specializing in major sporting events has presented plans to float on AIM as part of its organic and acquisitive growth plans.

4GLOBAL uses its proprietary software to convert data into actionable information, which enables clients to promote sport participation, reduce physical inactivity and achieve economic, social and health outcomes.

Since its inception, it has been involved in a range of events ranging from the Olympic Games Tokyo 2021, Rio 2016 and London 2012 to the 2020 UEFA European Football Championships, the 2015 Rugby World Cup and the Pan American Games 2019.

The company is looking to float on AIM, with admission due in December.

Following the proposed placement of up to £ 4million, the market capitalization of 4GLOBAL upon admission is expected to be approximately £ 20million. The net proceeds are intended to accelerate the growth of the group, mainly through the acquisition of complementary activities / products and the expansion of its existing customer base.

Managing Director Eloy Mazon said, “This is an important milestone in our growth journey as we grow the business and continue to help our clients in promoting sport participation.

“We believe that the combined expertise of our Board of Directors will allow us to maximize opportunities and admission will provide us with the credibility and access to capital to support our growth.

“We are at a pivotal and exciting time in the development of the company, and we look forward to welcoming new investors as shareholders of this exciting company and to working with all of our stakeholders to achieve our goals.”

Spark Advisory Partners is the appointed advisor to 4GLOBAL, with Oberon Capital the firm’s broker.

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