MJ Hudson to grow outsourcing and data analytics division after £100m float on AIM

MJ Hudson, the asset management consultancy founded by former SJ Berwin private equity partner Matthew Hudson, has floated on the London Stock Exchange’s Alternative Investment Market (“AIM”), under the ticker symbol MJH. It plans to use the £31.4m raised for growth, particularly its business outsourcing, advisory and data analytics divisions.

According to City AM Hudson, who is chief executive officer of MJ Hudson, made £23m from the float. He said in a statement: “With the global Alternative Investment market forecast to exceed $20trn in the next five years, we see a significant opportunity to grow our business through a public listing. We have proven our ability to expand through both organic and acquisitive growth and we have attracted major international clients thanks to our reputation for quality service delivery, analytical tools from our large data capture, and Alternatives fund management focus. As a highly ambitious growth company, one which we started from scratch, we see the public markets as our natural source of long-term capital. I would like to take this opportunity to thank our employees for their amazing endeavours and welcome our new shareholders, with whom we look forward to sharing in the future success of the business.”

In addition to growing business outsourcing, advisory and data & analytics Hudson said the company will carry out further acquisitions and expand within the key Alternative Investment markets, being the UK, U.S. and Europe.

In December last year MJ Hudson acquired Amaces, a data and analytics firm, which provides tools and consulting services to help institutional investors benchmark and monitor the cost and quality of the investor services they receive from their custodian banks. The firm also provides innovative tools and related consulting services in the field of FX transaction cost analysis.

MJ Hudson is the second law firm to float this year, after DWF listed on the main market in March.

You can find more detailed information on the placing here.