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Jim Mellon, the biotech investor, is putting his best foot forward with his latest stock market foray.
The Diabetic Boot Company, as the medical shoe-maker is known, is currently exploring all forms of financing after an initial £1m investment round, with the preferred outcome a flotation on Aim, pencilled in for late August.
No banks have been appointed as advisers yet, but Mellon, who owns a 40pc stake in the company through his Burnbrae vehicle, estimates its IPO valuation at around £15m.
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A postscript on the recent Royal Academy Summer Ball hosted by Lady Barbara Judge, the former chair of the Atomic Energy Authority.
Diary’s report that the glitzy fundraising event went with a bang was not quite right, reports a mole. For some, the evening was more of a damp squib, as guests were forced to queue outside in the rain before being admitted to greet Lady Judge in a line-up stretching up the RA stairs.
Among the “gilded list of the drenched”, says this column’s leaky source, were Mark Carney, the bank of England governor, Charles Roxburgh, the director-general of financial services at the Treasury, and a number of titans of investment banking.
Perhaps not what the black tie-clad rainmakers had in mind.
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Yet another new chapter for Brian Kingham, the security tycoon last heard of keeping his local bookshop in Marlborough in business (pictured).
Diary hears that Kingham, the founding chairman of Reliance Security Group, is now helping to resuscitate healthcare by working with a group of “fantastically inspired health professionals” to start the first private medical school since Victorian times.
Just what the doctor ordered for Buckingham University, the new medical school’s intended campus.
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harriet.dennys@telegraph.co.uk
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