Lynch Group IPO
Adviser to Next Capital on the IPO of the Lynch Group
Lynch Group is Australia's leading integrated supplier and wholesaler of fresh cut flowers and potted plants, supplying major supermarket chains, Bunnings and David Jones from a network of farms across Australia and China. Founded over 100 years ago, Lynch Group is the largest floral house and plant operator in the Southern Hemisphere.
Lynch Group listed on the ASX on 6 April 2021, raising A$206 million at A$3.40 per share, giving the business a market capitalisation of A$439.6 million. The IPO was the largest ASX listing of 2021 at the time of listing. Next Capital, which had held an interest in Lynch Group since 2015, realised a partial exit through the offering.
Stanton Road Partners acted as financial adviser to Next Capital on the IPO of Lynch Group.