Jelf seeks cash boost following loss
Jelf has raised up to £19m in new funding following a difficult year of trading that saw it lose £9.7m
Jelf has raised up to £19m in new funding following a difficult year of trading that saw it lose £9.7m.
Under the deal, private equity investor Cap Z has entered into an agreement to acquire the entire shareholding of 3i Group. Following the acquisition, Cap Z will hold a minimum of 25% but no more than 30% of the company's enlarged ordinary share capital.
The move came as Jelf reported the £9.7m loss after deduction of £4.8m reorganisation and rationalisation costs and £7.5m goodwill impairment
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