Leeds advisers behind £70m flotation of ScS

SOFA firm ScS has returned to the stock exchange with the help of PwC in Leeds just six years after going into administration.

The Sunderland-based company, which has nearly 100 stores, is valued at £70m, after issuing 40m shares at 175p. Private equity owner Sun European owns 41.6% of ScS while the management team owning the rest.

Arif Ahmad, PwC's senior partner in Leeds, was the lead reporting accountant on the IPO, supported by a team from the firm's transaction services and assurance practices in Leeds. ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...