Alantra acts as Global Coordinator and Bookrunner in the capital increase of TECMA Solutions
SECTORTechnology; Real Estate
ServiceEquity Capital Markets
Value €7 million
Milan – Alantra, the global investment banking firm, has acted as Global Coordinator and Bookrunner in the capital increase of TECMA Solutions on Euronext Growth Milan. TECMA Solutions is a technological company which specializes in digital transformation for the global real estate industry.
Through an innovative and revolutionary digital platform, TECMA offers tech solutions to enhance the value of real estate projects by speeding up and simplifying sales transactions as well as rental management.
In addition to virtual reality architecture and marketing tools for the sale of off-plan residential projects, TECMA offers full advisory on commercial strategies and merges visual technologies with software tools for sales management that ultimately enable the “build to order” model. At present, the company has a team of over 170 professionals and approximately 400 active projects both in Italy and abroad.
The placement was addressed to tier 1 strategic investors and then to international and Italian institutional investors. The offer has been oversubscribed and the final offer price has been fixed at market with no discount, as a proof of investors’ appetite in this stock. The deal closed with a Eu7.0mn capital raise at a price of €9.5 per share.
Stefano Bellavita, Managing Partner at Alantra and Head of Equity Capital Markets in Italy, commented: “This transaction is a clear example of a satisfied client. We listed the company in 2020 and we are still acting as Euronext Growth Advisor and corporate broker and now we have successfully completed a follow-on offering.”