The company is proposing to raise £3m by way of two placings at 141p a share
CBG, the Manchester based broker, is looking to raise £3m to fund growth in the North West.
The company said talks were progressing with regard to four potential acquisitions, all of which fit neatly into CBG’s existing operations.
The broker operates in the areas of general insurance, financial services and healthcare.
The first deal in the pipe-line, said CBG chief executive Robin Slinger, was designed to broaden the company’s financial services offering.
The company is proposing to raise £3m by way of two placings at 141p a share.
Laurie Turnbull, chairman of CBG Group, commented: “We aim to continue growing rapidly through a combination of selective acquisitions and also organic growth from existing operations.”
Since March 2005, CBG has acquired Exius, Swinburne James, Spencer Lavery Associates and ET Knagg.
In 2006, CBG Group reported a pre-tax profit of £1.2m on a turnover of £5.1m.
