Wealth management software and services provider Bravura Solutions (ASX:BVA) has added a sub-underwriter to its $23 million rights issue.
Bravura said Fisher Funds Management, the manager of various funds which combined have a significant stakeholding in Bravura, has signed up to sub-underwrite the deal.
Underwriter Ironbridge said the sub-underwriting relates to 20.4% of any shortfall shares under the rights issue.
The proceeds from the rights issue will be used to purchase Mutual Fund Technologies.
Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.