Boohoo Group has raised £197.7m in new equity as is readies itself to take advantage of M&A opportunities expected to emerge in the global fashion industry over the coming months. Following the fundraise we estimate the Group to have c.£500m in cash, giving it significant firepower to rapidly execute attractive brand acquisitions as they arise.
15 May 2020
boohoo Group plc (BOO LN) - Firepower Fundraise
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boohoo Group plc (BOO LN) - Firepower Fundraise
boohoo group Plc (BOO:LON) | 35.9 -0.1 (-0.5%) | Mkt Cap: 455.6m
- Published:
15 May 2020 -
Author:
Rachel Birkett, CFA -
Pages:
6
Boohoo Group has raised £197.7m in new equity as is readies itself to take advantage of M&A opportunities expected to emerge in the global fashion industry over the coming months. Following the fundraise we estimate the Group to have c.£500m in cash, giving it significant firepower to rapidly execute attractive brand acquisitions as they arise.