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On Wednesday 12 September the FTSE Admissions Committee confirmed that Melrose plc had been admitted to the FTSE-100 list.
The specialist engineering company which buys underperforming businesses, transforms their fortunes and then profitably sells them to trade or financial buyers was started in 2003, raising £13m from investors to join the AIM market.
Melrose’s market capitalisation today is just under £3.3 billion. In 9 years it has returned over £1.5 billion to its shareholders and plans to continue this story of success following the £1.5 billion acquisition of Elster, an international manufacturer of metering systems, based in Essen, Germany.
M:Communications has advised Melrose since before its formation in 2003.
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