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.
CEO, CML Group
Talk to the deal team
SulAmérica and Rede D’Or São Luiz have announced a combination
SulAmérica (B3:SULA11), a leading insurance company in Brazil, has announced a combination with Rede D’Or São Luiz S.A. (B3:RDOR3), the largest Brazilian hospital network. The companies had a combined market value of approximately US$21 billion on 18 February 2022.Learn more
Change Financial (ASX:CCA) has raised US$4 million
Change Financial has completed a capital raise to help accelerate product enhancement, repay its debt, provide working capital and cover the costs of the offer.Learn more
Frenkel Topping has completed the placing of new shares
Frenkel Topping has raised funds to continue consolidating the highly fragmented professional services marketplace in this niche sector.Learn more