Field Fisher Waterhouse advises on raising of new shares for AIM company set to improve NHS IT system
01 June 2009
Field Fisher Waterhouse LLP has advised brokers Mirabaud
Securities LLP and Seymour Pierce Limited on the placing of new
ordinary shares in Advanced Computer Software Plc (ACS), an AIM
listed company providing software and IT services to the primary
care sector, to raise £43.75 million.
The sum raised is a result of the placing of 145,250,000 new
ordinary shares with new and existing shareholders. Including £14.7
million of existing cash resources, ACS has now more than £55
million to pursue its goal of becoming the leading consolidator in
the primary care IT market. ACS’ board plans to grow the business
through organic growth, product innovation, technical collaboration
and the acquisition of businesses.
Corporate partner Anthony Brockbank
led on the deal.
So far this year Field Fisher Waterhouse’s Corporate Finance group have advised on 11 AIM
deals. The firm, which has a leading reputation in the AIM
market, has over 50 AIM clients.
Anthony Brockbank said: “We are delighted to have completed this
deal and raised funds for an ambitious company aiming to help the
NHS improve its IT infrastructure. Despite the limited activity in
the AIM market at the moment, the deal reflects the fact that
secondary fund raising activity is still going on.”
For further press information please
contact:
Louise Eckersley, PR Manager,
Field Fisher Waterhouse LLP on +44 (0)20 7861 4120.