Go to deals
Aerospace, Defense & Security | Industrial Machinery & Components

SRT Marine Systems has raised US$23.6 million through an oversubscribed equity fundraising

April 2026 — SRT Marine Systems plc has successfully raised US$23.6 million through an oversubscribed equity fundraising. The transaction will enable SRT to accelerate product development and support new contract conversion and delivery, building on 426% year-on-year revenue growth.

SRT is a global leader in maritime domain awareness, providing the sovereign surveillance, navigation safety and vessel tracking systems that coast guards, defense agencies and naval authorities rely on worldwide. Its technology is already operational in Kuwait and, with tensions escalating around the Strait of Hormuz, SRT is in discussion with governments across the region regarding the potential deployment of its unmanned surface vessels (USVs) for mine detection and ship convoy escort.

Our role in the transaction

Oaklins Cavendish, one of Oaklins’ member firms in the UK, acted as the nominated advisor and sole bookrunner, supporting its longstanding client SRT in securing the oversubscribed placing, subscription and retail offer. The level of support from new institutional investors, as well as the existing shareholder base, is a testament to SRT’s significant progress in recent years. The current market presents substantial opportunities for UK defense and security-focused small and medium-sized enterprises (SMEs) to explore their strategic options. Defense sector tailwinds remain strong, Europe is undergoing a transformational increase in defense spending and sovereign capability is increasingly attractive. Oaklins Cavendish has extensive experience in this market, advising on landmark SME transactions across its public and private markets teams.

Talk to the deal team

Matt Goode

Director
London, United Kingdom
Oaklins Cavendish

Jonny Franklin-Adams

Director
London, United Kingdom
Oaklins Cavendish

Related deals

7BidCo has completed the sell-out procedure for the shares of STAR7
Private Equity | Other Industries

7BidCo has completed the sell-out procedure for the shares of STAR7

7BidCo S.p.A. has completed the sell-out procedure for 8.5% of STAR7 S.p.A.’s shares.

Learn more
Alba has completed a voluntary public tender offer for the shares of Borgosesia
Real Estate

Alba has completed a voluntary public tender offer for the shares of Borgosesia

Alba S.r.l. has completed a voluntary public tender offer for 100% of the shares of Borgosesia S.p.A.

Learn more
Gramo has completed a mandatory public takeover bid for the shares of Deceuninck
Industrial Machinery & Components

Gramo has completed a mandatory public takeover bid for the shares of Deceuninck

Gramo BV has completed a mandatory public takeover bid for the shares of Deceuninck NV. The bid was launched after Gramo’s conversion of warrants increased its participation in Deceuninck above the 30% voting rights threshold, thereby triggering a mandatory takeover bid under Belgian takeover legislation. The transaction further strengthens the stability of Deceuninck’s shareholder base and supports the company’s long-term strategy focused on innovation, sustainability and operational excellence.

Learn more