AFH raises £15m to fund further acquisitions
Convertible unsecured loan stock
“This successful fundraise emphasises the consistent support we have had from institutional investors" - AFH Group's Alan Hudson
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...
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