SPARK Advisory Partners Limited is pleased to announce that it has acted as financial adviser to Integumen in its acquisition of Rinocloud Limited for £3m, along with a placing and subscription to raise c£2.5m to fund business development, settle legacy creditors and meet working capital requirements. In addition, Integumen has agreed measures to convert £0.8m of debt to equity, to dispose of the Company’s subsidiary, Visible Youth (and its subsidiaries) in line with a strategic review which eliminates circa £245,000 of future liabilities, and settled a legal dispute with various creditors.
https://www.sparkadvisorypartners.com/images/spark-AP-logo.png 0 0 developer https://www.sparkadvisorypartners.com/images/spark-AP-logo.png developer2019-04-12 12:58:212019-04-16 12:59:08SPARK acts as Financial and Nominated Adviser to Integumen plc
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