Travers Smith partner and Head of Listed Funds Aaron Stocks and investment funds associate Leigh Stockey have advised technology company, Gloo Networks plc in connection with its £30 million placing of ordinary shares and admission to trading on AIM.

Gloo Networks plc ("Gloo") is a technology company that aims to connect some of the world's most-loved content with its most-valued consumers.  It is led by digital transformation experts Rebecca Miskin and Juan Lopez-Valcarcel and backed by the asset management and corporate finance group, Marwyn.

Admission to AIM is expected to take place at 8.00 a.m. on 11 August 2015.  The funds raised will be used to provide operating capital and carry out due diligence on trusted consumer brands in the media sector.  The company expects to acquire a media business with an enterprise value in the range of £250 million to £1 billion.

Aaron Stocks commented: "We are delighted to have advised Gloo on its successful launch on AIM.  Rebecca and Juan have an exciting investment strategy.  We look forward to working with them and Marwyn to create a transformed media company centred in the connected, digital age."

Wragge Lawrence Graham & Co LLP advised Liberum Capital Limited in its capacity as nominated adviser and joint broker and Numis Securities Limited as joint broker.