eServGlobal (LONDON:ESGq) has confirmed that it intends to invest €3.5m in HomeSend’s planned €10m capital raise, maintaining its 35% stake. The core business has seen a slower pace of contract wins, increasing the risk that the company does not meet its FY15 revenue and EBITDA targets. To fund short-term working capital and the HomeSend investment, the company is looking to raise up to £5m, potentially via a loan. We leave our forecasts unchanged, pending a further update from the company in October.