Wragge Lawrence Graham & Co (WLG) has advised Liberum Capital Limited and Numis Securities Limited, nominated adviser and joint brokers and bookrunners to Gloo Networks Plc (Gloo) on its £30 million AIM IPO.

Rebecca Gordon, a director in WLG's corporate team led on the transaction.

Gloo intends to acquire and operate trusted consumer brands in the media sector, initially with an enterprise value in the range of £250 million to £1 billion. The Company is led by digital transformation experts Rebecca Miskin (Chief Executive Officer), formerly Digital Strategy Director and Change Agent at Hearst Magazines UK, and Juan Lopez-Valcarcel (Chief Product and Operations Officer), who was previously Chief Digital Officer for Pearson International.

Gloo is supported by Marywn Value Investors LP which has invested approximately £10 million in the placing. It has also received strong backing from major institutional investors, with significant additional capital expected to be raised at the time of the target acquisition. The principal focus for a platform acquisition is the UK, the US and (to a lesser extent) Europe.

WLG's Rebecca Gordon said: "We are very pleased to have acted for Liberum and Numis on the launch of Gloo Networks, which we hope will be the first of many transactions for the company. The transaction once again reaffirms our strength in the AIM market, where we continue to remain top of the ARL Adviser rankings in terms of client market cap and within the top four firms for number of AIM clients."

Wragge Lawrence Graham & Co's 60-strong Corporate team has extensive experience across the full spectrum of corporate advice, including equity capital markets on both the Official List and AIM, investment funds, private equity and both public and private mergers and acquisitions.