Be Heard Group plc (AIM:BHRD) entered into an agreement to acquire 75% stake in Freemavens Limited from Andrej Moyseowicz and Christopher Palengat for £1.7 million on February 7, 2017. Be Heard will pay £0.48 million in cash and will issue 9.3 million shares, for acquiring 75% of Freemavens' equity. Be Heard will also repay Freemavens' existing debt obligations of around £0.87 million, due principally to the exiting majority shareholder Let's Go Crazy Limited. The acquisition is being funded via a cash placing to raise gross proceeds of £2.1 million. Freemavens reported an annual revenue of £1.7 million and £0.41 million of EBITDA for year ended on December 31, 2016. Acquisition is conditional only upon completion of a cashbox placing. Nick Westlake, Kevin Cruickshank and James Black of Numis acted as a financial advisors, Elly Williamson and Charlie Stewart of Bell Pottinger acted as a public relation advisors to Be Heard Group. Fergus Payne, David Willbe, Paul Rajput, Matthew Rowbotham and Susie Jarrold of Lewis Silkin acted as legal advisors for Be Heard Group Plc.WY Partners Ltd. acted as a financial advisor to Be Heard Group Plc.