The proceeds of the placing will be used to fund future growth and strengthen the group’s balance sheet.
Dave Page, CEO of Actual Experience commented:
“The Placing enables the Company to significantly increase its sales teams and further enhance the technology development team as we look to capitalise on our growing pipeline and beyond.
“OC advised the Company on its admission to AIM in 2014 and so we naturally turned to them to advise us on the placing. The OC team has continued to impress us with their expertise, professionalism and hard work.”
The OC team was led by Corporate Finance Partner Mark Wesker, assisted by Senior Associate James Davies and trainee Rose Robson.
Mark Wesker commented:
“We congratulate all of the Actual Experience team on a very successful transaction which reflects the strength of the company’s business and management. This deal demonstrates one of the key benefits of a public listing for growing companies, namely access to capital. Over the last 12 month OC has advised on a number of IPOs, including Fever-Tree and Patisserie Valerie, as well as other types of fundraisings and we continue to see strong levels of activity in the capital markets.”