London—Dentons has advised Morses Club on its initial public offering (IPO) on London's Alternative Investment Market (AIM). Morses Club, a leading UK non-standard consumer finance company, was admitted successfully to AIM this morning with a market capitalisation of approximately £140 million.

Morses Club has approximately 200,000 customers across the UK, providing unsecured loans to customers over 20-78 week periods, which are repayable on a weekly basis.

Dentons' corporate partner Jonathan Polin commented, "We acted on the acquisition of the Morses Club business in 2009 along with the subsequent acquisition of the Shopacheck business from Cattles plc in 2014. We then reorganised the Group to create the consolidated Morses business and have now brought the project to its next stage of development through its admission to AIM on the London Stock Exchange.

"We believe that the Company will be in a prime position to take advantage of the consolidation opportunities that may arise within the home-collected loans industry following the regulatory changes which saw the Financial Conduct Authority take charge of the market in 2014."

The Dentons team advising on the IPO was led by Jonathan Polin and corporate partner Darren Acres.