Entu float wins Deal of the Month
The flotation of home improvements group Entu has been named as Insider's Deal of the Month for October.
Entu, which focuses on energy efficiency products, has more than 70 UK locations and 365 full time staff.
The company sells products such as energy efficient windows, doors, conservatories and external and cavity wall insulation together with solar power generation products and energy efficient boilers.
The business currently has a market capitalisation of £67.9m.
Insider news editor David Casey said: "Entu managed to pull off a float on AIM when other planned listings were falling by the wayside. Zeus said the move demonstrated that good companies can float even in a bad market and it's hard to disagree.
"Chief executive Ian Blackhurst believes the home improvements market in the UK is worth about £27bn a year, providing the business with massive potential for growth.
"Brokers have said that with good cash conversion and low capital intensity, Entu should be a significant cash generator with a healthy pay out to shareholders."