Instem has announced the completion of an oversubscribed £15.75m (gross) equity fundraise, the proceeds of which will be used to advance negotiations on a number of acquisition targets. These range in size from small bolt-ons ($2-5m revenues) to more substantial strategic acquisitions ($15-20m+ revenues) in complementary areas. Management expects all to be earnings accretive in the first full year, with a targeted minimum return on investment of 10% initially, rising to 15% over time. W ....