Global legal practice, Norton Rose Fulbright has advised RBC Europe Limited (trading as RBC Capital Markets) as broker and bookrunner on a placing by InternetQ plc of 3,448,400 new ordinary shares at a price of 290 pence per share, raising gross proceeds of approximately £10 million (€11.7 million).

The placing was announced on 2 July 2013 and admission of the new ordinary shares to trading on AIM occurred on 5 July 2013.

InternetQ is a leading provider of mobile marketing and digital entertainment solutions for mobile network operators and brands.

The proceeds of the placing will be used to acquire Atlas Interactive Deutschland GmbH, a leader in access, billing and digital content distribution, providing services in more than 120 countries, and to accelerate organic growth.

Raj Karia, corporate partner at Norton Rose Fulbright led on the transaction, he comments: “We are delighted to have assisted RBC on this significant fundraising for InternetQ plc. The transaction will allow InternetQ’s to further enhance its portfolio with the planned acquisition of Atlas Interactive Deutschland.”

Clyde & Co acted for Internet Q.