Compass prices largest UK Covid capital raise yet

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By Sam Kerr
19 May 2020

Compass, the FTSE 100 listed catering company, raised £1.8bn in an accelerated transaction on Tuesday, the largest UK Covid-19 capital raise so far.

The issuer joins companies like SSP, Informa, Hiscox, Hays, Autotrader and Wetherspoons in seeking investor support through an accelerated placing to weather the most severe business disruption most management teams have ever faced.  

Barclays, Goldman Sachs and Morgan Stanley were global coordinators on the offering.

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