Apax floats Moneybox on AIM

ATM operator Moneybox has raised £47.5m through an IPO on AIM valuing the company at £93.6m. Founded in 1999 with funding from Apax Partners and AIM-listed business services group Ambient, Moneybox now operates over 2,500 machines in the UK, 150 in The Netherlands and 175 in Germany. In October 2001 Sand Aire Private Equity led a £14m expansion capital investment in the business.

Chief executive Paul Stanley said: “The flotation of Moneybox leaves the company well-placed to take advantage of the numerous opportunities for growth and consolidation that exist within the sector. Moneybox also recently acquired G2, a UK-based developer and operator of ATM, cashless payment and access control systems.

Numis Securities acted as nominated broker and adviser to Moneybox on the flotation.