Liberum acts as Nominated Adviser and Bookrunner on £7.6 million fundraising for TruFin plc
We are pleased to announce that Liberum acted as Nominated Adviser and Bookrunner on an oversubscribed Placing and Open Offer to raise £7.6 million in aggregate for TruFin plc (“TruFin” or the “Group”). The fundraising received strong support from existing shareholders and other institutional investors.
TruFin is the holding company of an operating group comprising four growth-focused technology businesses operating in niche markets: early payment provision (Oxygen), invoice finance (Satago), IFA finance (Vertus) and video games publishing (Playstack). The Group's portfolio companies have experienced strong growth in recent years.
The net proceeds of the Placing and Open Offer will be used to invest in Playstack to secure the Mortal Shell video game franchise and provide working capital to the Group.
Investment Banking – Chris Clarke, Ed Thomas, Cara Murphy
Sales – Oliver Baxendale, Will Game
Legal – Rebecca Gordon
CIR – Connie Owens