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DBAY Advisors Ltd on Tuesday said it is considering making a bid for Anexo Group PLC alongside with some of the company’s management team. Shares in Anexo closed 20% higher at 61.00 pence in London on Tuesday giving it a market value of £72 million. The Isle of Man-based asset management firm said it was mulling a move alongside Anexo’s Executive Chair Alan Sellers and Bond Turner Managing Director Samantha Moss. Bond Turner is the dedicated legal services provider of Liverpool-based Anexo, the specialist integrated credit hire and legal services company. In 2021, DBAY considered a 150p per share offer for Anexo but subsequently decided against making such a move. On Tuesday, DBAY said it expects any offer would comprise entirely loan notes issued by a newly incorporated entity jointly controlled by funds managed or advised by DBAY, Sellers and Moss, or ordinary shares with an underlying economic interest in the newly incorporated entity making the proposal. The offer would be for shares not held by DBAY, Sellers or Moss. DBAY, Sellers and Moss said they reserve the right to introduce other forms of consideration and/or vary the mix of consideration of any offer. The consortium has until May 20 to make a firm proposal for Anexo. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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