BLP has advised XLMedia, the AIM listed leading provider of digital performance marketing, on its successful placing of new Ordinary Shares, raising gross proceeds of £31.7m.  The placing, conducted by Berenberg, was oversubscribed and the proceeds are to be used by XLMedia to fund acquisition opportunities as they arise.

XLMedia CEO Ory Weihs commented: “We are delighted to have received such strong support from both existing and new shareholders as we continue to see a significant opportunity to grow XLMedia both organically and through acquisition.  This fundraising will enable us to fully capitalise on acquisition opportunities we have identified in key verticals.”

Relationship partner Jonathan Morris and senior associate Brian Mulkerrins led the BLP team.