AIM-listed claims specialist Aquilo has announced it will raise £2.6m to expand its inspection and reinstate-ment business.
The company will seek shareholder approval for the placement at its extraordinary meeting on 15 January.
Aquilo chief executive Clive Nicholls said: "We are very pleased that following the sale of the motor business, further investment from both existing and new institution investors as well as continued commitment from current finance partners, Aquilo plc has been able to totally reconstruct its finances.
"This is particularly important for the fast growing business of Aquilo Inspection & Reinstatement Services."
