AUB Group today announced a $116 million capital raising to support acquisitions, organic growth and debt repayment.

The group’s first equity capital raising since its 2005 listing will underpin the recently announced deal to take a majority interest in Adroit Insurance & Risk, plus future acquisitions.

AUB says it is “actively pursuing from a solid pipeline of opportunities in Australia and New Zealand”.

Group CEO and MD Mark Searles says the business sees “a number of strategic opportunities in market”.

“We’re making strong progress in the execution of our ‘total risk solutions’ strategy, as we respond to evolving market conditions by providing a diverse range of risk management services and solutions,” he said.

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