MITIE raises £43m to fund purchase

12th Aug 2009 14:33

Support and maintenance services supplier MITIE has raised about £43m from a placing to help fund today's acquisition of Dalkia Energy and Parkersell Limited.The company, which placed 19m shares at 225p each, has agreed to pay £130m on a cash and debt free basis for the businesses. All but £10m has been paid in cash.Dalkia provides outsourced technical facilities management and energy and specialist services in the UK."We are delighted to have concluded this strategically important transaction which enhances our leading position in the integrated facilities management market in the UK," said MITIE boss Ruby McGregor-Smith."This transaction brings together MITIE's facilities management services and Dalkia's technical facilities management capabilities and strengthens our platform for sustainable profitable growth."