IP Group raises £100m in funds

 
Michael Bow
Follow Michael
INTELLECTUAL Property financiers IP Group yesterday raised a further £100m from investors – a third more than it anticipated after strong institutional demand.

The company, which commercialises research from universities, originally intended to raise £75m as part of a proposal to acquire rival Fusion IP.

Half of the £100m was underwritten with a further £25m placed via open offer for existing shareholders in IP.