Having been an Electra Private Equity plc portfolio asset, and moved to AIM as a micro-cap, awareness of the Hotter brand is low and Unbound’s equity story has gone largely unnoticed. UBG’s experienced leadership team has successfully established a track record though, and has a clear and differentiated growth plan in an under-served target market that has secular growth drivers. The business has key strengths, competitive advantages, flexible multi-channel capabilities and significant growth potential. With £3m net proceeds from a 15p Placing to accelerate growth, and the chance of a multi-£m insurance pay-out, returns could be sizeable.
