Hanover Park parent to float
Commercial broker Hanover Park's parent company Erinaceous Group plans to raise approximately £10m through a placing of ordinary shares and is seeking admission to trading on the Alternative Investment Market of the London Stock Exchange.
Founded in 1999, Erinaceous comprises a number of long established businesses covering a broad range of activities including services in the fields of residential lettings, insurance, building consultancy and housing management.Neil Bellis, Erinaceous chief executive, said: "We have successfully grown Erinaceous both organically and through acquisitions as a private company. However, an AIM listing will increase our corporate profile and the money raised will, in addition to providing working
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