- To target investments in emerging markets
We acted as reporting accountants and auditors on the recent AIM listing of TMT Investments plc, the telecoms and technology investments group.
TMT, which raised $US20 million through a placing of 20,000,000 shares, was listed on AIM on 10 December 2010.
TMT Investments is a new company registered in Jersey that is looking to invest in emerging markets.
TMT was established in order to identify and acquire investments in the fast growing markets of emerging economies.
This strategy plays to the strengths and expertise of TMT’s directors. Alexander Selegenev, the Executive Director of TMT Investments is the former head of corporate finance at Metropol (UK), an affiliate of Russian broker IFC Metropol.
The directors of TMT Investments plan to make at least three investments in eighteen months. The company believes that recent volatility in the general economic markets and the Technology, Media and Telecommunication sector has created a number of investment and acquisition opportunities. TMT Investments says that it thinks a number of technology and telecoms businesses may be short of capital but yet have potentially highly valuable assets and operations.
Comments Laurence Sacker, corporate finance partner in our London office: “Whilst activity on AIM IPOs is picking up, new issues are still at a relatively low level so we are delighted to have advised on this listing.”
“We are excited about TMT’s listing and are looking forward to helping them achieve their objectives.”