News
Panmure Liberum acts as Financial Adviser, Nominated Adviser and Broker to TruFin plc’s c.£80 million return of capital
We are pleased to announce that Panmure Liberum acted as Financial Adviser, Nominated Adviser and Broker to TruFin plc (AIM:TRU) on its c.£80 million return of capital to shareholders and Rule 9 waiver following the disposal of its former subsidiary, Playstack Limited for an enterprise value of £125 million.
Playstack is a leading UK games publisher and had been a member of the Group since September 2019. During 2025, more than 20 million units of Playstack games were installed, with more than 150 million hours of gameplay on Playstack games.
Following completion of the disposal of Playstack, TruFin returned c. £56.8 million to shareholders by way of a tender offer, in conjunction with a Rule 9 waiver, and declared a special dividend of c.£23.2 million.
TruFin is now the holding company of an operating group comprising two growth-focused technology businesses operating in niche markets: early payment provision and invoice finance. Following completion of the return of capital, the Group intends to replicate the success it has achieved to date by acquiring and scaling platform businesses, which it intends to grow both organically and through disciplined bolt-on acquisitions.
Panmure Liberum team
Investment Banking
Ed Thomas, Chris Clarke, Piers Shimwell
Research
Sean Kealy