Arena Group, the company that provides temporary structures and seating for Wimbledon, Cheltenham Races and other major UK and international sporting events, has successfully completed its IPO onto AIM.
The company was backed by MML Capital Partners with Bal Johal and Luke Jones representing MML on the Arena company Board. During this time Arena has accelerated expansion globally with offices in the UK, USA, Dubai and Singapore amongst other locations.
Arena Group is well placed to go public on to the London stock market and the float should provide it with the ability to continue to drive home its superiority in the sports events space.
Arena Group has a strong portfolio and is particularly renowned for its 67-year partnership with the All England Lawn Tennis Club (Wimbledon), providing temporary seating, food outlets, hospitality and ticket offices for the championship. The company already boasts a number of international events in its portfolio, including the US Open and the HSBC Abu Dhabi Golf Championships and hopes that the IPO will allow for further expansion and global recognition.
Of the float, Chief Executive Greg Lawless stated: ‘admission to the public market marks a key milestone in the development of the group. We believe the listing will further raise our international profile’
Bal Johal, Managing Partner MML Capital Partners, commented ‘We have enjoyed our association with Arena and expect the business to continue its success in the global world of events and sport in particular’