Go to deals
Financial Services

CML Group (ASX:CGR) has completed a placement

CML Group (ASX:CGR) has completed a US$2.5 million placement. The raise was completed at an issue price of US$0.238 (A$0.328) per share to institutional and professional investors. Funds raised will be used to support the company’s cash position to fund growth in its loan book.

CML assists SMEs with their cashflow by funding their invoices and equipment. CML services over 3,000 SMEs funding over US$1.2 billion of invoices per year and has an equipment finance book of over US$73 million. Operating under the name CashFlow Finance and Classic Funding Group, CML provides invoice factoring, invoice discounting and equipment finance. Through invoice financing the company provides an advance payment of up to 80% of a client’s invoice to help their business overcome the cash pressure of delivering goods or services in advance of payment from their customers (approximately 30 to 60 days).

Oaklins’ team in Australia acted as lead manager in this transaction.

Service
Funding, debt advisory & ECM
Parties
“The company decided to place the shortfall as we want to conserve our cash position to fund growth in the loan book. CML is experiencing an uplift in new business enquiries and lending volumes and is well positioned to support SME’s with working capital solutions as the economy starts to rebuild.”

Daniel Riley

CEO, CML Group

Talk to the deal team

 Ryan  Whitelegg

Ryan Whitelegg

Managing Director

Melbourne, Australia
Oaklins Henslow
 Sebastian  Bell

Sebastian Bell

Associate

Melbourne, Australia
Oaklins Henslow

Related deals

Spring has completed an equity raise
Real Estate

Spring has completed an equity raise

The owners and management of Spring have completed a fundraising to support its growth strategy.

Learn more
Concert Consulting has been acquired by Buck
Private Equity | Business Support Services | Financial Services

Concert Consulting has been acquired by Buck

UK-based pensions and employee benefits communications firm Concert Consulting has been acquired by Buck, the integrated HR and benefits consulting, technology and administration services firm.

Learn more
GBM Resources (ASX:GBZ) has successfully raised US$4.6 million
Other Industries

GBM Resources (ASX:GBZ) has successfully raised US$4.6 million

GBM Resources Ltd. (ASX:GBZ) has completed a fundraising to accelerate development.

Learn more