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XLMedia secures £31.7m M&A fund

18th January 2018 5:33 am GMT
XLMedia

London-listed digital performance marketing specialist XLMedia has successfully raised £31.7m to fund its ongoing acquisition strategy.

The company placed 16m ordinary shares at a price of 198 pence per share, representing approximately 7.8 per cent of its current issued share capital.

"We are delighted to have received such strong support from both existing and new shareholders as we continue to see a significant opportunity to grow XLMedia both organically and through acquisition,” said chief executive Ory Weihs. "This [...]

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