Intellectual property services provider IPH Ltd (ASX:IPH) has raised $100 million in a successful Institutional Placement set up to fund its acquisition of Canadian IP firm, Bereskin & Parr. The placement attracted both existing shareholders and new institutional investors, and IPH also announced a share purchase plan (SPP) to bring in an additional $25 million. The placement saw around 17.7 million new fully paid ordinary shares in the company being allocated to institutional investors at $5.65 per New Share, with the settlement of these shares to be finalised by Tuesday August 27. Meanwhile,…