Bildkälla: Stockfoto

Zutec raise SEK 100m through a share issue - SEB

Through a share issue yesterday, Zutec raised SEK 100m (c. 27% dilution), firmly strengthening the balance sheet. Zutec intends to use the proceeds to finance continued organic growth with investments in sales, marketing, product development and M&A. In our view, Zutec’s recent acquisition of Createmaster added another leg to the growth story and we argue the equity raise gives good scope for further acquisitions at appealing multiples.

Through a share issue yesterday, Zutec raised SEK 100m (c. 27% dilution), firmly strengthening the balance sheet. Zutec intends to use the proceeds to finance continued organic growth with investments in sales, marketing, product development and M&A. In our view, Zutec’s recent acquisition of Createmaster added another leg to the growth story and we argue the equity raise gives good scope for further acquisitions at appealing multiples.
Börsvärldens nyhetsbrev
ANNONSER