Coffeeheaven International is hoping to raise around £6.26m through by way of a Placing and Open Offer to repay existing borrowings and fund the group’s expansion. The company proposes to raise approximately £5.2m under the Placing and up to approximately £1.06m under the Open Offer. Last month the company, which operates in central Europe, Coffeeheaven International reported like-for-like sales growth of 6% for the year to 31 March. The group has 38 properties, with a further 15 under contract or with terms agreed.