Category Archives: Company News

Digitalisation of EU Capital Markets

Join Adam Shaw Founder, Executive Chairman of ScribeStar at the European Issuers webinar on the Digitalisation of EU Capital Markets, alongside colleagues from DG FISMA, DZ Bank, European Primary Placement Facility, and European Issuers members.

This Webinar is part of European Issuers Capital Markets Webinar Series Programme on key trends in the capital markets space, in partnership with NASDAQ and Euronext.

Join to learn what the European public markets can do to make raising capital easier, how the efforts around the Capital Markets Union will affect exchanges, issuers, and investors, and how technology can help tackle these challenges.

Register for free here;
http://www.europeanissuers.eu/ecmwebinarsprogramregistration

Do you have questions or comments you’d like us to address at the event? We’d love to hear from you at info@scribestar.com.

For some background reading on the topic, here is our take on the latest High Level Forum Report on the Capital Markets Union – https://www.lsegissuerservices.com/spark/scribestar-digitalisation-stock-exchanges

ScribeStar joins CMS’ equIP

London, 29 April, 2020. ScribeStar, a digital ecosystem that improves the efficiency and reduces the cost and time required for document production for capital markets transactions, has been selected by CMS, one of the world’s largest law firms, to join its accelerator program, equIP.

CMS’ equIP programme brings together a network of international start-ups and helps them with their growth ambitions. ScribeStar will benefit from the support and strength of CMS through legal advice and contacts within the legal sector, and through the network effect of partnering with other equIP companies.

Srinivas Suravarapu, CEO of ScribeStar, said: “We are delighted to join CMS’ exclusive equIP programme. It offers us an exciting opportunity to expand the use of our technology in capital markets and leverage CMS’ network of other leading legaltech companies across the world. Our track record in the UK in capital markets keeps growing. In the same way that datarooms went online, we are seeking to bring digital benefits to the capital markets documentation process. Our partnership with CMS takes us a step closer to realising that goal.”

Charles Kerrigan, Fintech Partner at CMS, comments: “We are very pleased to welcome ScribeStar to CMS equIP. The programme has developed a track record of supporting some of the brightest minds in the start-up world, and we think that ScribeStar’s innovative platform will be a perfect fit. ScribeStar is at the forefront of the digitalisation of capital markets transactions, transforming what was previously a manual process into something much more efficient. We plan to work with ScribeStar in our capital markets practice globally and use its technology in other areas of our firm.”

CMS has used ScribeStar for capital markets transactions for almost three years. Mostly recently, in February, CMS completed the Sequoia Economic Infrastructure Income Fund prospectus on ScribeStar’s platform.

Other capital markets documents produced on ScribeStar’s platform include: the Aston Martin IPO registration document and prospectus; both Smithson Investment Trust Plc IPO prospectuses – the first being the largest ever investment trust IPO; S4 Capital plc’s last three fundraising prospectuses; and the Equiniti Group plc rights issue prospectus.

Contact Simon Barker at sbarker@barkercomms.com 

+44 7866 314 331

 

ScribeStar produces follow-on £400m equity issue prospectus for Smithson

Innovative digital ecosystem reduces the time and cost of equity issuance document production

London, 7 April, 2020. ScribeStar, a digital ecosystem that improves the efficiency and reduces the cost and time required for document production for capital markets transactions, was used by Travers Smith and Investec to produce the prospectus for Smithson Investment Trust plc’s 2020 to 2021 pre-approved issue of £400m of shares, announced on 1 April, 2020.

Launched by Fundsmith founder Terry Smith, and managed by Simon Barnard and Will Morgan, Smithson became the largest UK-domiciled investment trust when it raised £822.5m in October 2018, vastly exceeding its £250m target. The approval for the new issuance follows Smithson’s robust performance and strong investor interest.

Srinivas Suravarapu, CEO of ScribeStar, said: “Smithson’s focus on delivering ‘superior performance for a reasonable cost’ resonates with our mission of providing a cutting-edge digital platform that improves the efficiency and speed of creating capital markets documents and reduces the cost of production. We are delighted that Travers Smith, one of the leading capital markets law firms in the UK, has been a strategic partner as we have built the business into a digital ecosystem that improves legal and regulatory processes for the entire capital markets issuance process, for funds, IPOs, rights issues, AIM admissions and high yield bonds.”

Aaron Stocks, head of funds at Travers Smith, said: “ScribeStar helped us immensely on the Smithson prospectus and transaction documentation. The ability to link multiple documents within ScribeStar’s ecosystem meant that preparing all of the related documentation became much simpler and quicker and at a lower cost than traditional methods allow. Our funds team is constantly looking at ways to enhance our service to clients and we are very pleased to have been an early adopter of ScribeStar. What virtual datarooms did to enhance the efficiency and reduce the cost of due diligence by removing the need for physical documents, ScribeStar is doing for the capital markets space.”

Srinivas added: “The ScribeStar platform is perfectly set-up for remote working so there was no problem for the Smithson teams in producing the prospectus during this period of managing with Covid-19.”

ScribeStar’s leverage of dynamic data throughout its ecosystem allows far greater use of previous versions of documents, generating increased efficiencies when developing documents for follow on share issues such as rights issues, open offers or placing programmes. This was the case in the Smithson fundraising as the ScribeStar ecosystem could utilize the data, tagging and verification already embedded in the original prospectus. ScribeStar also embeds all ancillary documents such as power of attorneys, legal opinions and comfort letters, allowing changes to flow throughout each document thus saving time in the documentation production process. ScribeStar linked 20 documents in the Smithson transaction.

Contact Simon Barker at sbarker@barkercomms.com 

+44 7866 314 331

 

Scribestar 3.0 has arrived!!

A culmination of 7 upgrades and nearly 3 months on, we are pleased to announce the launch of Scribestar 3.0.  In June this year, we really thought hard about what this version should be about and we wanted our next major version to be focused on our users. It wasn’t about how much whizzy functionality we provided, it was purely about making your lives easier and how what we already offers more value.

So we set ourselves three objectives:

1. Increase Efficiency.

2. Simplify User Experience

3. Offer flexibility

To increase efficiency we enabled content sharing and reuse, for a simpler user experience we created a single integrated work space for our users where they can work on content and all its metadata in one place. To offer flexibility we enabled the ability to export content and its metadata into Microsoft Word alongside a large number of other enhancements too long to list here.

We’ve come a long way since the launch of our Alpha version in Sept 2016, we are extremely proud of what we have created as a team. Thank you to our regular customers, especially the early adopters, without your patience and feedback we couldn’t have got to where we are now!!!

THE SCRIBESTAR TEAM

Speak to us to know more about 3.0 or email as on info@scribestar.com