Helios Underwriting Plc (AIM:HUW) is looking for acquisitions. The company launched a conditional placement, subscription and open offer to raise up to approximately £60 million through an accelerated bookbuild offering. The company intends to use the net proceeds from the offer for potential acquisitions of limited liability vehicles. The company may also use the proceeds to finance an increase in the capacity from pre-emptions, to increase its retained capacity and to participate in capacity auctions.