Vicorp embarks on major fundraising to power global expansion; UK-based multimedia platform specialist to raise additional capital to exploit growth opportunities and technical edge; Follows MBO from Gores Technology Group in March 2002.

0 Comments | M2 Presswire, October, 2002

M2 PRESSWIRE-29 October 2002-Vicorp Group Limited: Vicorp embarks on major fundraising to power global expansion; UK-based multimedia platform specialist to raise additional capital to exploit growth opportunities and technical edge; Follows MBO from Gores Technology Group in March 2002 (C)1994-2002 M2 COMMUNICATIONS LTD RDATE:10292002 Vicorp Group Limited (`Vicorp`), the leading multimedia applications company, has appointed Cobalt Corporate Finance Limited (`Cobalt`) to lead a late stage development capital placement.

Privately owned, Vicorp is one of the UK telecoms industry`s success stories. The company is debt-free, profitable and relied on by some of the most demanding blue-chips worldwide - from NTT and KPN to Bank of Scotland and...