PKF advises Camplify on ASX IPO listing

PKF has advised long-term client Camplify on their Initial Public Offering (IPO) raising $11.5 million.

Demand for the campervan and motor home sharing community was high with reports stating that the IPO was over four times oversubscribed with customers looking to buy shares.

PKF’s relationship with Camplify has been built on strong foundations. Audit & Assurance Partner, Martin Matthews began to advise the innovative business in 2018. The relationship grew to encompass a full suite of offerings including audit services and corporate finance advisory that led to the listing on the ASX.

The Corporate Finance Director that led the deal, Andrew Jones, described Camplify as the perfect example of a client that benefits from the mid-tier accounting experience. “Camplify was born from entrepreneurial spirit and has grown to become Australia’s largest and most trusted van sharing platform. PKF and Camplify were the perfect fit from the start of our relationship when Camplify were reasonably new to the market. The nurturing of the relationship through collaboration and utilisation of a PKF brains trust means we are proud, as a full-service accounting and business advisory firm to stand alongside them whilst they celebrate this remarkable success”.

Camplify founder, Justin Hales said the company is excited by the listing and he thanked new shareholders for their support.

"We felt the business was at a maturity level in terms of its operation, and from a corporate perspective, to be able to take on that next challenge. We’ve got an unbelievable opportunity now to really take this thing to the next level.”.

The PKF team acting on the Camplify engagement includes Martin Matthews, Andrew Jones and Scott Henderson.