Consolidator AFH Financial Group has raised £15m that will be earmarked for further acquisitions and "general corporate purposes" through the conditional issue of convertible unsecured loan stock (CULS).
Announcing its plans for the placing at the end of last month, the company said it was looking to raise up to £20m and had "a strong pipeline of potential acquisitions under consideration", with five deals at various stages of the due-diligence process. Today (12 July), AFH said the net proceeds of the placing were to be used "to execute on the company's acquisition pipeline and for general corporate purposes". AFH CEO Alan Hudson (pictured) added: "This successful fundraise emphasises the consistent support we have had from institutional investors as we work towards our vision of buildi...
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