Excellent news for Mr. Perl and company. It will be interesting to watch how this company performs on the NASDAQ. –Matt
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Royal Marine Damian Perl to float US security firm for £100m
A former Royal Marine is set to secure an estimated £100m from a planned flotation of Global Defense Technology & Systems, the American arm of his private security firm, on a stock exchange in New York.
By Louise Armitstead, Chief City Correspondent14 Nov 2009
Damian Perl, whose London-based firm Global Strategies Group has boomed on the back of some of the biggest security contracts in Iraq and Afghanistan, has started a shareholder roadshow ahead of listing his American division, Global Defense Technology & Systems next week.
The division, which sources say is aiming to raise over $200m, will be listed on Nasdaq. It is being marketed as a rare opportunity for investors to share in America’s burgeoning defence and homeland security expenditure. A spokesperson for the company said they could not comment during the official “quiet period” ahead of the listing.