Law firm Shakespeare Martineau helped raise more than £2.1m in just two days by advising a pair of businesses on placings and subscriptions on the Standard List and AIM.
Clients of the firm; Crossword Cybersecurity Plc and One Heritage Group Plc announced the share issues on the 10th and 11th February 2021. Both had high demand from new and existing investors.
Property developers One Heritage Group undertake development and re-development of new and existing buildings, as well as facilities management and managing the letting of the properties. The new shares generated an additional £548,500 investment in the business in order to expand its property portfolio.
Cyber security and risk management experts Crossword Cybersecurity Plc undertook an oversubscribed fundraising of more than £1.6m. The technology commercialisation company will invest the funds into sales and marketing resource, for product development and support for general working capital purposes.
Hybridan LLP acted as broker to both companies in connection with the placings.
Keith Spedding, partner and business transaction and growth specialist at Shakespeare Martineau, who advised on both deals, said: “These deals go to show that money is out there and available for good companies with good stories, and there is no sign of it drying up. Property and technology sectors are seeing a huge amount of investment, with other sectors such as medtech and fashion also making stock market headlines. We are very pleased to have helped these two excellent companies on their growth plans.”