Investec advised Cohort Plc on its\u00a0\u00a375 million (AUD$144 million) acquisition of EM Solutions, a leading Australian developer and producer of high-end satellite communication terminals for global navy and defence customers<\/strong>, and associated \u00a341 million fundraises<\/strong><\/p>\n\n\n\n About Cohort Plc<\/strong><\/p>\n\n\n\n Cohort is the parent company of six innovative, agile and responsive businesses providing a wide range of services and products for British, Portuguese and international customers in defence, security and related markets.<\/p>\n\n\n\n Cohort was founded on the principle that SME-size businesses can prosper by being part of a larger group, where they can benefit from financial oversight, management support and the exchange of information and practices. Cohort aim to achieve this while preserving the high growth potential of innovative independent businesses. Cohort\u2019s objective is to deliver value to shareholders through six operating subsidiaries: Chess, EID, ELAC SONAR, MASS, MCL and SEA.<\/p>\n\n\n\n The headquarters of Cohort are in Reading, Berkshire. The company employs around 1,400 core staff across its UK headquarters and its other operating company sites across the UK, Germany and Portugal.<\/p>\n\n\n\n Investec is delighted to have acted as Sole Financial Adviser, Nominated Adviser, Corporate Broker and Bookrunner to Cohort PLC in connection to its \u00a375 million (AUD$144 million) acquisition of EM Solutions and associated \u00a341 million fundraises.<\/p>\n\n\n\n \u00a340 million has been raised by way of oversubscribed Placing of 4,571,428 new ordinary shares. Cohort proposes to use the net proceeds of the Placing to partly fund the cash consideration payable by the Company for the acquisition of EM Solutions – an Australia-based developer and producer of high-end SATCOM terminals for global naval and defence customers. There was also a retail offer of \u00a31million.<\/p>\n\n\n\n The acquisition will enhance and diversify the Group\u2019s proposition with a complementary defence communication offering whilst also accelerating its growth in a key strategic growth region.<\/p>\n\n\n\n Investec has been proudly supporting Cohort as a longstanding client since its IPO in 2006.<\/p>\n","protected":false},"excerpt":{"rendered":" About the deal Investec advised Cohort Plc on its\u00a0\u00a375 million (AUD$144 million) acquisition of EM Solutions, a leading Australian developer…<\/p>\n","protected":false},"featured_media":0,"template":"","dt":[],"sector":[29],"dealtype":[40],"clienttype":[34],"class_list":["post-51110","deals","type-deals","status-publish","hentry","sector-industrials","dealtype-buy-side","clienttype-founders-entrepreneurs"],"acf":[],"yoast_head":"\nHow we helped<\/h2>\n\n\n\n