SWS Group heads up new growth plan

SWS Group is poised to complete a €75 million equity fund-raising, after successfully tapping its shareholders to raise new funds for expansion.

The fund-raising has enabled the Cork-based business services and natural resources group to agree terms on a new €350 million bank facility with a syndicate of banks led by Bank of Ireland. It follows approval from the company’s board of directors earlier this year for a new ambitious three-year growth plan.