BLP acts on ToLuna’s £28m equity fundraising

Berwin Leighton Paisner (BLP) is advising Cenkos Securities plc (as broker), Liberum Capital Limited (as joint broker), and John East & Partners Limited (as nominated adviser) on an equity fundraising and related acquisition by AIM-quoted ToLuna Plc (“ToLuna”). ToLuna is a leading provider of online data collection services and technology solutions to the market research industry. 

The fundraising, which is subject to shareholder approval, is expected to raise gross proceeds of approximately £28m, which will principally be used to fund ToLuna’s acquisition from Microsoft of the business and certain assets of the Internet Survey Solutions Division of Greenfield Online.  The fundraising and the acquisition are expected to complete in mid-July.

Corporate finance partner, Alex Latner is leading the BLP team, assisted by corporate finance associates Gareth Jones and Emma Nicholls. 

Norton Rose are advising ToLuna.

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