Since its 2021 IPO the company has expanded its global footprint and customer base and intends to deploy the additional funds to take advantage of further growth opportunities.
European law firm Fieldfisher’s Equity Capital Markets team has advised AIM-listed CT Automotive Group plc, a UK-headquartered company that designs, develops and manufactures automotive interior finishes and complex kinematic assemblies for the global automotive industry, on a £7.7 million fundraising.
The funds were raised through a combination of a placing (raising £5.2 million), a director subscription (raising £0.1 million) and a subscription (raising £2.4 million).
CT Automotive plc (LON:CTA) designs, develops and manufactures automotive interior finishes and complex kinematic assemblies for the most well-known automotive brands on the planet. These critical components are managed through an intricate global network of reactive supply chains to arrive JIT (Just in Time) at their respective OEM manufacturing plants.