Shaw and Partners appointed Lead Manager to $16.9m RXP Services Limited raising News01 Aug 2017

Shaw and Partners has been appointed Lead Manager to $16.9m RXP Services Limited capital raising.


The placement of up to approximately 21.0 million new ordinary fully paid shares to raise approximately $16.9 million is offered to existing and new institutional and sophisticated investors. 

New placement Securities will be issued within RXP’s existing placement capacity in accordance with ASX Listing Rule 7.1.


RXP has entered into an agreement to acquire The Works, an independent Sydney based brand management and digital communications agency. The Works was founded in 2002 and employs approximately 61 staff. The Works is expected to achieve revenue of $14.6m and EBITDA of $3.125m in FY2017. The funds raised from the placement will be used for the initial payment required for the acquisition of The Works.


RXP is an information and communications technology (ICT) consulting services company providing professional services to S&P 200 corporations and government bodies in Australia and in Asia. RXP’s clients operate across various industries including banking and finance, retail, FMCG, transport, media and entertainment, telecommunications, engineering and construction, airline and health.



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