RiverFort Global Opportunities (RGO) announced on Wednesday it is participating in a £4.75 million financing package for AIM-listed Westminster Group (WSG).
The financing package is made up of a mezzanine loan of up to £3 million, as well as an equity placing and share agreement, in order to pay Westminster’s convertible loan notes.
RiverFort said the investment structure will enable Westminster to benefit from appreciation of its share price over a 12 month period, if the implementation of its strategy is successful.
Westminster Group, valued at around £15 million on AIM, provides technology-based security systems and managed services to governments, government agencies, and blue-chip commercial organisations worldwide.
Phillip Haydn-Slater, Non-executive Chairman commented: "This investment shows how we can invest in flexible funding magsolutions specifically tailored to a company's needs which allow all parties to share in the benefits of a company's successful implementation of its strategy."
A month ago in December, RiverFort received €803,000 cash for the sale of Artomatix, five times the initial investment made by Sure Valley Ventures.
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