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Compass seeks £2bn in biggest fundraising since pandemic began

Daniel Thomas and Attracta Mooney

Compass will test investor appetite with the largest equity fundraising in the UK since the coronavirus crisis erupted, as the FTSE 100 catering group laid out a plan to raise £2bn to help survive the lockdown. The pandemic has had a “profound impact on Compass”, according to its chief executive Dominic Blakemore. Compass will seek to raise about £2bn in an offer to both institutional and retail investors, twice as much as the previous largest equity fundraising by Informa, the events and media group.