About Us

• Our principals have completed IPO's, where they owned majority interests in New York and London, also have relisted companies from London to New York and have experience with companies that are public in Stockholm and then duel listed in New York.

• Our principals have been officers, directors and shareholders of public companies handling all aspects of operations, finance, regulatory compliance and corporate governance. 

• Our principals have completed several mergers and acquisitions, reverse mergers and spinoffs of portfolio companies.  From this, we learned how to pursue finance, and more importantly, when not to complete a financing. 

• Our experiences on how finance in the US and specifically on Wall Street worked led us to believe the incentives weren't properly aligned. 

• We developed alternatives to utilize the US markets  including using  special purpose acquisition companies ("SPAC's"), direct listings, mergers with listed operating companies and mergers with public shells.

• SPAC's can often be riddled with fees where brokers, sponsors and hedge funds are just arbitraging the fees and warrants. Properly structured, SPAC's can be ideal for helping companies get public on listed exchanges while giving the company itself a boost and the best opportunity for success. 

• Combined with backstops like ATM's  or equity lines of credit and other finance sources  we learned we can do finance in a manner consistent with our philosophies-while also keeping the European finance market opportunities available...the best of both worlds.

• The most high-profile alternative approach is the way Spotify went public in 2018 using a "Direct Introduction IPO" or "Direct Listing". In essence, Spotify had sufficient cash, so it did not need to do a raise. There was strong demand from bulge bracket banks for it to go public. The banks, however, largely get compensated from the raise. So, Spotify, operating from a position of strength, chose the direct listing approach, which offered the opportunity for greater liquidity, allowed existing shareholders to sell and allowed transparency with market-driven price discovery, among other reasons. 

• Interest in pursuing direct listings has grown since Spotify (and others, including Slack Technologies, Inc.) completed theirs. So much so, that the NYSE is trying to change its policies to allow companies to raise capital as part of a direct listing. NASDAQ, for its part, also offers the direct listing process, and has been promoting it with prospective issuers. 

• MBW completed a direct listing in London which saw the market capitalization of the company exceed $2 billion and that was in 2006.
  

Richard L. Mooers

Rick is a generalist in a world of specialists. Rick possesses a working knowledge or better in areas such as management, finance, accounting, tax; international dealings, restructurings/turnarounds, startups, mergers and acquisitions, securities, legal, investment banking, consulting, negotiating and structuring transactions, licensing; regulatory issues, and most importantly risk management.   Rick brings his multinational experience and his key international relationships to our clients. 

Roger G. Branton 

Roger has invaluable international experience and relationships and has been involved in each of the various stages of business from start-up to private placements, to commercialization, to IPO's on the London Stock Exchange (LSE) and NASDAQ, to follow-on mergers and acquisitions of complementary companies.  

Mats Wennberg

Mats Wennberg has been involved in the IT industry since 1976. Currently, he is a management consultant and investor and is engaged in a number of Nordic early and middle stage companies focusing primarily on the North American market.