Business Services
DX Group plc
Year
2018
Transaction type
Equity Capital Markets & Corporate Broking
Sector
Business Services
finnCap have advised DX Group plc on their fundraising of £4.76m and restructuring.
The net proceeds of the Fundraising, alongside the Company’s existing cash resources, will provide capital for the Group to:
• expand its sales capabilities;
• open new depots and so improve the efficiency of the Group’s networks;
• improve IT systems;
• separate the DX Express networks;
• assist with working capital requirements; and
• redeem £262,500 of the Loan Notes, the proceeds of which certain Directors will apply to participating in the Subscription.
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