Business sales specialist to float on AIM
K3 Capital Group, the Bolton-based group behind company sales specialist KBS Corporate Sales, is to float on the AIM market with a market capitalisation of £40.1m.
The company said a successful institutional share placing has raised gross proceeds of £17.8m, and it will be admitted to AIM on April 11.
The monies raised will be used to settle a deferred consideration liability that has arisen from the purchase of the business, assets and goodwill of Triskell LLP and to provide additional working capital.
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