Liberum acts as Nomad and Bookrunner on £10 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 £10 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, invoice finance, IFA finance and mobile games publishing. The Group's portfolio companies have performed impressively during 2021 and 2022 to date.
The net proceeds of the Placing and Open Offer will be used to provide working capital, invest in growth opportunities and fund the Group to profitability.
Investment Banking – Chris Clarke, Ed Thomas, Lydia Zychowska, Chris Whitaker
Sales – Julian Collett, Oliver Baxendale, Alistair Smallwood
Legal – Alice Foster
CIR – Connie Owens