Unfortunately, this website doesn't work in your browser.
The browser you are using is no longer supported by Microsoft—we highly recommend upgrading as soon as possible.

DJI Holdings Flotation on AIM

July 2014 £130m

Back to Deals

growth strategy

Project Luck

July 2014 £130m

About the client

DJI is a business that was established in 2007 by current CEO Darren Mercer as a software solutions provider to the gaming industry in China. Through its Chinese subsidiaries, the principal activities of the Group are the development, promotion and distribution of authorised lottery products in China. DJI’s subsidiaries are licensed and/or contractually authorised to distribute and promote Sports and Welfare lottery products online, via mobile and through physical retail outlets across

About the deal

DJI Holdings, based in Mobberley near Knutsford, raised £15m of cash as part of a flotation on to the AiM market, valuing the business at £130m. DJI planned to use the proceeds of the float to fund working capital, settle outstanding payments on recent acquisitions, make further acquisitions and also to raise its profile.

The firm raised £9m by placing nine million ordinary shares at 100p each and a further £6m from the issue of convertible loan notes.

"In addition to raising the profile of the business internationally, the listing provides us with acquisition capital. The placing will provide us with funds to support our planned growth and complete some recent acquisitions as well as the resources to invest in a newly signed key partnership with a Government-owned partner."

Darren Mercer | CEO | DJI Holdings