Card Factory plc, £110m share placing, UK


STJ Advisors acted as independent advisor to Charterhouse on its second successful sell-down in Card Factory plc, UK’s London-listed and leading specialist retailer of greeting cards, raising c. £110m. The sale (representing c. 11.2% of the company) was completed in an agency private placement to two tier 1 UK long-only institutions, at a 3% premium to previous close. Charterhouse holds a remaining c. 18% stake in the Company. STJ had successfully advised Charterhouse on its £297m IPO of Card Factory in May 2014 as well as its first placement of Card Factory shares in December 2014.

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