Business Services

DX Group plc



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.