Chrystal Capital raised £13.3m from its established network of single family offices and niche institutional investors as part of today’s flotation of Action Hotels PLC.
Commenting on the deal, James Innes, Partner at Chrystal Capital, said: “Raising over 50% of the total IPO funds is a credit to Chrystal Capital’s growing reputation delivering meaningful capital through its extensive global family office network. Since launching in 2010, Chrystal Capital has expanded significantly, filling the gap in the financial sector where the appetite for high-quality, direct opportunities from families is strong but under-served.”
“It is testament to the breadth of the Company’s [CCP] access to alternative sources of funding that we have gained excellent long-term investors”
Alain Debare CEO Action Hotels
Alain Debare, CEO of Action Hotels, also added: “We are delighted to have worked with Chrystal Capital and it is testament to the breadth of the Company’s access to alternative sources of funding that we have gained excellent long-term investors. Chrystal Capital far exceeded expectations and we look forward to working with the team in the future.”
Chrystal Capital has a demonstrable track record of successfully raising capital and in the last three years has advised on 18 transactions with deals completed in Australia, Canada, Poland, Ireland, the U.S., and the U.K. Over $630m of financing has been facilitated via private placements, IPOs, convertible bonds and secondary equity issuances.