News / Insights

CDI Global raises capital for Australian Pharmacy Software Giant

Corum Group Limited, an Australian public company, backed by strategic investment group

Chicago, USA & Sydney, Australia (December 10, 2019) – CDI Global is pleased to announce the successful capital raise for Corum Group Limited, a public company that specializes in pharmacy and health software.

CDI Global Australia was engaged by Corum to develop the capital raise plan, information memorandum, and identify strategic investors in coordination with the Board of Directors. They contacted potential investors and managed communication with each potential investor to find the optimal fit for the company. The team at CDI managed initial discussions and site visits; having a local presence with global reach was an asset throughout the process. Finally, CDI Global negotiated and finalized the terms and conditions of the investment, resulting in a successful capital raise for Corum.

“We have worked with the Corum Board and senior management for a number of years. We were pleased to be able to deliver the required capital that is critical for Corum’s further development of their new generation products. We look forward to continuing to assist Corum in its growth strategy,” noted Chris O’Connor, partner at CDI Global Australia.

Corum Group Limited is an ASX listed software and development company that provides software solutions for community pharmacy, a hardware supplier and a key shareholder in a business that provides an electronic invoicing process for pharmacies. The system integrates directly with the Pharmacy POS software. Corum Health Services is the second largest vendor in its market sector, and actively participates in healthcare industry initiatives and developments.

About CDI Global

CDI Global offers financial advisory services focusing on middle-market transactions. The firm specializes in international company search for mergers and acquisitions, divestitures and joint ventures, buy-side and sell-side representation, and due diligence advisory services. They have over 1,600 transactions completed in the past 35+ years covering more than 25 industries. CDI Global was founded in 1973 and is based in Chicago, Illinois with 35 additional offices in Asia, Europe, North America, Oceania, and South America. They are known for the quality of their international personnel, industry focus, trademark interview process, and in-depth business development expertise. For more information, visit https://www.cdiglobal.com.

Local knowledge, global reach.

Contact

Craig Dickens

marketing@cdiglobal.com