Listed firm Slater & Gordon has announced plans for a A$63.9 million equity raising which will fund more acquisitions in the UK. The raising has been structured as a A$58.9 million placement to professional and sophisticated institutional investors which will be fully underwritten and sole lead managed by Macquarie Capital (Australia) Limited. There will also be a non-underwritten share purchase plan to raise up to A$5 million

Slaters also announced that it was in the process of acquiring “three leading UK personal injury litigation firms” and that these acquisitions would “support Slater & Gordon’s strategic goal to become one of the leading independent providers of legal services in consumer law in the UK.”