Osborne Clarke advises RM plc on its oversubscribed £13.5 million placing

International legal practice Osborne Clarke has advised long-standing client RM plc, a leading global education technology, digital learning and assessment solutions provider, on its oversubscribed £13.5 million placing

International legal practice Osborne Clarke has advised main market listed RM plc, a leading global education technology, digital learning and assessment solutions provider, on its oversubscribed £13.5 million (before expenses) placing.

The net proceeds of the placing will be deployed (i) to complete the separation work required to facilitate disposals by the group of non-core assets; (ii) to strengthen its RM Ava platform and accelerate its development through capital investment; (iii) to invest in RM Assessment's sales and marketing capability; and (iv) for general working capital purposes.

The Osborne Clarke Corporate team that advised RM on the transaction was led by Partner Jonathan King who was assisted by Associate Director Stuart Miller.

Osborne Clarke's Corporate team is considered a go-to practice for many companies, working with global businesses in a range of sectors including the education and technology sector. The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.