Drinks-led hospitality group Nightcap is raising money via PrimaryBid ahead of a flotation on AIM. At the same time, London Cocktail Club is being reversed into the business in a deal for an initial £5.7m in cash and shares at the issue price. Further acquisitions are likely so that the group can roll out other drinks-led brands.
The offer price and amount to be raised have not been declared. Nightcap will use some of the money raised to pay the £2.2m cash element of the acquisition and shou...
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