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

Vabi Holding B.V. has been acquired by Vitec Software Group AB
TMT

Vabi Holding B.V. has been acquired by Vitec Software Group AB

Vabi Holding B.V., the Dutch market leader in building simulation, energy certification and energy advisory software, has been acquired by Vitec Software Group AB. By joining forces, Vabi and Vitec will be able to further expand on the company’s strategy and vision towards the sustainable green building revolution.

Learn more
Syslore Oy has been acquired by private equity-backed Escher Group
TMT

Syslore Oy has been acquired by private equity-backed Escher Group

The shareholders of Syslore Oy have sold the company to Escher Group Holdings plc, a portfolio company of Hanover Investors Management LLP.

Learn more
Ferocia has been acquired by Bendigo and Adelaide Bank (ASX:BEN)
Financial Services | TMT

Ferocia has been acquired by Bendigo and Adelaide Bank (ASX:BEN)

Bendigo and Adelaide Bank (BEN) has entered into a share sale agreement to acquire 100% of the shares of Ferocia Pty Ltd for a consideration of up to US$86.3 million. BEN has partnered with Ferocia for more than nine years to deliver BEN’s e-banking app and internet banking platform and in 2018, the collaboration led to the launch of Up – Australia’s highest rating banking app.

Learn more