Acquisitive business telco Daisy Group will be looking to refinance its bank debt in order to finance further deals.
CEO of the UK-based firm, Matthew Riley, told Dow Jones that while the company did not need to raise any more equity at this stage of its…
Acquisitive business telco Daisy Group will be looking to refinance its bank debt in order to finance further deals.
CEO of the UK-based firm, Matthew Riley, told Dow Jones that while the company did not need to raise any more equity at this stage of its development it would use debt and cash to facilitate other acquistions.
Daisy, which has a market cap of £246m, has already made seven acquisitions.
In July 2009 Daisy, seller of Internet and telecommunications services, including hosting, broadband Internet connections, and VOIP, was bought by FREEDOM4 in a reverse takeover.
Daisy’s results for the year ending March 31 are expected to meet projected EBITDA of £10.4m on revenues of £128m.
