EMECO Holdings Pty Ltd, the parent company of Emeco Ltd, has completed a $50 million capital raising from the company’s principal shareholders, which comprise private equity funds advised by Archer Capital and Pacific Equity Partners. Emeco Ltd is also in the final stages of negotiating a substantial increase in existing senior debt facility limit with its bankers. Emeco Group will have approximately $225 million in additional capital following the increase in Emeco Ltd’s senior debt facility. The additional capital available will be used to fund the group’s growth, both domestically and internationally.
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