A new Northern Ireland company has applied for a listing on the main market of the London Stock Exchange (LSE) next month. It plans to identify and make acquisitions valued at up to £20 million in the North,
Rockpool Acquisitions has been established by Mike Irvine, who owns Belfast-headquartered Cordovan Capital Management with Neil Adair, who was previously a senior Anglo Irish Bank executive in the North, and Richard Beresford, a corporate lawyer.
Cordovan undertakes and manages private equity and property investments. Once it floats it would become only the third Northern Ireland company to be listed on the LSE.
The special-purpose acquisition company will focus solely on Northern Ireland. The three directors behind the company believe there are established companies in the North which “are not able to access the growth capital they need to achieve their full potential”.
The directors want to start trading on the LSE from July 5th.
