Zeus acted as Nominated Adviser, Broker and Bookrunner to SysGroup plc, to raise c.£11.0 million

Zeus is delighted to have acted as Nominated Adviser, Broker and Bookrunner to SysGroup plc, to raise c.£11.0 million by way of an oversubscribed equity placing and subscription, together with a retail offer to raise up to a further £0.5 million.

SysGroup plc is a technology partner specialising in the delivery and management of cloud, data and security services to power Artificial Intelligence and Machine Learning transformation. The Group offers an integrated set of modern technologies that collectively meets customers’ end-to-end data needs including connectivity, cloud hosting, delivery, analytics and governance of customer data, as well as a security layer for users and applications.

Net proceeds of the proposed Fundraise will be used to fund an internal transformation project, strengthen the balance sheet and provide liquidity for future M&A opportunities.

Members of the Zeus team included: Jordan Warburton, Nick Cowles, Alexandra Campbell-Harris, Emma Burn, Oscar Stack (Investment Banking); Nick Searle (Equity Sales); and Bob Liao and Carl Smith (Research).

We would like to thank the Zeus team for their support on this maiden fundraise to support SysGroup’s new strategy. I am pleased with the level of support from our existing shareholders and we are delighted to welcome a number of new investors to the register who share our vision for the business in its next stage of growth. I also look forward to partnering with Zeus as they support us with our M&A strategy, a key pillar to deliver value to all stakeholders.

We are pleased to support SysGroup on delivering an oversubscribed fundraise which has also allowed the Company to broaden its investor base. SysGroup now has a stronger balance sheet to support its organic growth aspirations, expanding its Artificial Intelligence and Machine Learning offering, as well as make strategic acquisitions. We look forward to working with Heejae and the wider team for many years to come.

This web page constitutes a financial promotion for the purposes of section 21 of the Financial Services and Markets Act 2000 and has been approved by Zeus Capital Limited, which is authorised and regulated by the Financial Conduct Authority.