Go to deals
TMT

Comms Group (ASX:CCG) has successfully completed a capital raising

Comms Group (ASX:CCG) has raised US$4.7 million via a placement to partially fund the Next Telecom acquisition and for further acquisitions which include a US$1.9 million conditional placement subject to shareholders’ approval. The placement was well supported by a broad range of Australia’s leading small cap institutional investors, existing shareholders and directors and senior management.

Comms Group is a leading business telecommunications service provider with a broad product suite, servicing SMEs and corporate mid-market customers and wholesale and partner customers. The company is well positioned to take advantage of strong growth in the corporate ICT market.

Oaklins’ team in Australia acted as the lead manager to the placement.

Service
Funding, debt advisory & ECM
Parties
“We are really pleased to welcome Next Telecom to the Comms Group overall business. Next Telecom is a leading and innovative service provider targeting mid-sized corporate customers, with a strong reputation for high levels of customer service. We are also very pleased to receive such a high degree of support for the capital raising from a range of new institutional and sophisticated investors.”

Peter McGrath

Comms Group, CEO and Managing Director

Talk to the deal team

 Justin  Lewis

Justin Lewis

Managing Director
Melbourne, Australia
Oaklins Henslow
 Scott  McInnes

Scott McInnes

Managing Director
Melbourne, Australia
Oaklins Henslow

Related deals

Optano, a leading provider of AI-powered operations solutions, acquired by A.T. Kearney
TMT

Optano, a leading provider of AI-powered operations solutions, acquired by A.T. Kearney

The private shareholders of Optano GmbH have sold the company to A.T. Kearney. Optano will support them on operation engagements, chiefly in AI-powered supply chain projects, and large-scale operation transformations.

Learn more
BRM has been acquired by Alta Resources
Business Support Services | TMT

BRM has been acquired by Alta Resources

The shareholders of BRM have sold the company to Alta Resources, a leading customer relations business process outsourcer.

Learn more
TonyBet has acquired A Nossa Aposta
Other Industries | TMT

TonyBet has acquired A Nossa Aposta

TonyBet enters the Portuguese market with the acquisition of A Nossa Aposta from Cofina.

Learn more