06 08 2015

Kainos Group plc's £52.4 million Initial Public Offering

Nabarro has advised Investec on the main market IPO of Kainos Group plc


Kainos Group plc is a UK-based provider of IT services, consulting and software solutions. Investec was acting as sponsor in relation to the transaction which gives Kainos a market capitalisation of £161.3 million. Kainos operates through three divisions: digital consulting (providing full system development mainly to UK government); Evolve (the market leader for the digitisation of patient records in the UK); and Workday implementation (the implementation of Workday human capital management systems).

The IPO allowed Queen's University Belfast and other shareholders to realise some of their investment. As a consequence of its cash generative business, Kainos is only raising a small amount of funds through an employee offer to allow further staff participation in the business.

The Nabarro team was led by partner and Head of Corporate, Iain Newman (Picture) and senior associate, Jack Shepherd, with assistance from associate, Charlotte Williams. DLA advised Kainos. Involved fees earner: Jack Shepherd - Nabarro LLP; Iain Newman - Nabarro LLP; Charlotte Williams - Nabarro LLP;

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