JD Sports Fashion is on the hunt for more acquisitions after raising £464 million pounds (€529m-$634m) through a placement of 58.4 million new shares, representing about 6 percent of its share capital. They were placed at 795 pence each, offering a 2.5 percent discount on the mid-market closing price of 815 pence on Feb. 3. “The directors of the group believe there are a number of potentially attractive acquisition opportunities that will become available in due course and which will continue to support the group’s successful global expansion strategy”, JD Sports said. The move comes only three days after JD Sports announced the acquisition of an ahtletic footwear apparel retail on the U.S. East Coast, DTLR Villa, for $495m, enhancing its presence in the north and east of the U.S. to complement the existing JD and Finish Line banners. In December, it snapped up the West Coast Shoe Palace chain for $681m. In addition to the proceeds from the share placement, JD Sports had £700m (€800m-$957m) of debt facilities and about £1 billion in cash before the DTLR deal. The company has been looking for takeover opportunities in the U.K.’s struggling fashion retail sector. In December, it pulled out of talks to buy Debenhams, whose brand and website are eventually being sold to a fast-fashion online retailer, Boohoo, for £55m (€62.7m-$75.2m).