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’
MML Capital Partners (“MML”) backed IQARUS (www.iqarus.com) has acquired C-CHEC, a leading occupational hygiene consultancy. MML invested into IQARUS in October 2015 as a platform from which to develop an international player in healthcare solutions for remote environments.
C-CHEC provides a range of services to detect and control hygiene risks in the workplace. The C-CHEC acquisition enhances IQARUS’s medical and occupational health capability in what is an extremely important area for its clients in ensuring the welfare of employees.
Tim Mitchell, CEO of IQARUS comments: ’This strategic acquisition will be the first in a series that will transform the provision of healthcare solutions for challenging environments. C-CHEC are market leaders and highly respected within the global oil and gas industry and other sectors; we are very proud to now be offering this expertise. We see significant benefits to clients in delivering hygiene consultancy in tandem with medical and health provision as part of our holistic approach to managing the health and wellbeing of our clients’ workforces.’’
Luke Jones, MML, comments: “The services provided by C-CHEC are extremely complimentary to IQARUS’s current offering and strategy. We look forward to continuing to support Tim and his team in executing their ambitious growth plans.”