Double Win for Tekmar

It was a double win for Tekmar at the Insider Media North East Dealmakers Awards 2018, with the Tekmar Group IPO named as ‘Deal of the Year’ and James Ritchie, CEO of Tekmar Group plc named as Entrepreneur of the Year.

James Ritchie said: “It was a great night and I was truly humbled by the awards, although it was really all down to my fantastic team. Thank you all.”

Entrepreneur of the Year, Sponsored by: Broad Chare Partners

Winner: James Ritchie, Tekmar Group

James joined the business in 2008 as Tekmar Energy’s first employee. In 2011 James led the management buyout of Tekmar Energy with Elysian Capital, becoming chief executive in the process. Tekmar became a market-leading technology provider of protection systems for subsea and offshore engineering services. James masterminded the AIM flotation of Tekmar with his enthusiastic entrepreneurial spirit. The deal completed in June 2018.

Deal of the Year (above £10m)

Winner: Tekmar Group IPO (Womble Bond Dickinson, Joh. Berenberg, Gossler & Co KG, Grant Thornton)

The Tekmar IPO listed shares with a market capitalisation of about £65m, following a successful total fundraise of approximately £62m. The deal is the first full AIM UK flotation in the region since 2014 and the proceeds of the placing will provide the resources to fund Tekmar’s future expansion and acquisitions.

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