P2P Global Investments has successfully raised £400 million bringing their total raised to date to £870 million. The Issue, which was over-subscribed, will issue 40 million C Shares, of which 38,200,016 C Shares will be issued under the Placing and 1,799,984 C Shares will be issued pursuant to the Intermediaries Offer. Admission of the shares to the LSE is expected to take place on 28 July 2015.
Simon Champ, CEO of Eaglewood Europe was quoted on the additional funding round;
“We are delighted with the success of our second C share issue, which clearly demonstrates the attraction of P2P Global Investments and the wider peer to peer sector from an investment perspective. When we launched the trust in June last year we pioneered the idea of a listed vehicle giving diversified access to a range of leading peer to peer platforms around the world. Since then, we have expanded significantly and the trust is now delivering a strong income return to our investors, as well as accumulating equity in a number of the platforms with whom we have relationships. We received widespread support from both new and existing shareholders and the additional capital raised here will enable us to further benefit from economies of scale and the ever growing opportunity driven by this disruptive technology .”
P2P Global invests directly and indirectly into consumer and SME loans, as well as receivables, which are originated on peer to peer platforms in the US, UK and Europe.
The Company is being advised by Liberum who are acting as Sponsor, Joint Broker and Joint Bookrunner, and J.P. Morgan Securities, who are acting as Joint Broker and Joint Bookrunner.
