Cavendish is pleased to announce the successful completion of Facilities by ADF plc’s acquisition of Autotrak Portable Roadways Limited for a consideration of up to £21.3 million and the associated heavily oversubscribed £20.5 million equity fundraising.

Pursuant to the fundraising, £10.5 million has been raised by Facilities by ADF to facilitate the acquisition, with existing shareholders raising an additional £10.0 million.

Facilities by ADF is the leading provider of premium serviced production facilities to the UK film and high-end television industry and the acquisition of Autotrak is the next step in the delivery of the Group’s vision for ADF as a one-stop shop for film and HETV production, operating across multiple businesses.

Ben Jeynes, Corporate Finance Director at Cavendish said “The strong support the fundraise received is testament to Facilities by ADF’s continued delivery of its stated strategy. The acquisition of Autotrak, one of the market-leading suppliers of portable roadway to the film and TV sector in the UK whilst also servicing festivals & outdoor events and construction and related industries, is the Group’s second acquisition since ADF’s IPO in 2022 and sees the Group further expand its offering and reach.”