We are pleased to announce that we have successfully raised approximately £8m by way of a placing and subscription from two successful entrepreneurs and institutional investors. The funds raised will allow us to take advantage of the many opportunities we are seeing in the UK infrastructure and construction sector to grow our business both organically and via selective acquisitions.
Martin Tedham, Non-Executive Director
Our CEO Brusk Korkmaz commented:
“We are delighted to have raised these funds from two successful entrepreneurs and institutional investors which will be used to further grow Hercules through both organic expansion and acquisitions, with the aim of driving profitability in the long run.
“We believe the improving macro-economic environment means that the infrastructure and construction sector will go from strength to strength in the short to medium term, while the long-term outlook for the sector continues to be positive. The Company is now well positioned to take full advantage of these encouraging tailwinds.
“I am also very pleased to welcome Martin Tedham to the Board and Ged Mason to the Company’s share register. Both have provided significant investment to the Company, and we are delighted they share our belief in the trajectory and potential of Hercules.”
