Shaw and Partners is delighted to be involved in NexGen Energy's A$250m capital raise with the objective of raising the liquidity of the stock on the ASX.
Earlier this year we in... Read More
Listed IT services outfit Atturra is raising $25m for acquisitions with Shaw and Partners appointed as as joint lead manager.
IT services outfit Atturra Limited was rounding up investors for a $25 million raise before the market open on Monday, telling them it would use the proceeds for acquisitions.
The raise was split into a $22.73 million non-renounceable pro-rata entitlement offer on a one-for-7.5 basis and a $2.27 million institutional placement. Both were priced at 85¢, a 15.8 per cent discount to the last close and 14.1 per cent lower than the theoretical ex-rights price.
Potential investors were told Atturra intended to use the funds raised for three proposed strategic acquisitions that it expected to settle and close in the March quarter.
The acquisitions were not named but investors were told together they would add $55 million to $65 million revenue and $5.8 million to $6.2 million earnings before interest, tax, depreciation and amortisation to Atturra’s bottom line.
Article source: AFR, 28 November 2022
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