Supermoney reaches a valuation of 200 million euros and aims for the stock exchange in the Netherlands
Supermoney.it reaches a valuation of 200 million euros and aims for the stock exchange: the company will access the Netherlands stock exchange through a business combination with Vam Investments #Spac, which raised 210 million in July 2021.
We will use the resources from the combination to strengthen our market-leading position in the utilities and telecommunications sector in Italy through organic growth and strategic acquisitions. In a time of great market volatility, we want to continue providing even better support to our users of price comparison services, and further increase the quality of support to our business partners.
I would like to thank the entire Supermoney team: every person in the company has a strong entrepreneurial spirit and is capable of making a difference. I also want to express gratitude to our investors, who have supported the company throughout its development journey.
FROM REUTERS
Former Bulgari chief's SPAC agrees deal for comparison site Supermoney
By?Reuters?Staff
ROME, June 12 (Reuters) - Supermoney and Dutch special purpose acquisition company VAM SPAC have signed a binding accord aimed at taking the online price comparison provider public, the companies said on Monday.
Shareholders of Supermoney, which offers price comparison and technology services mainly in the energy, gas and telecoms sectors, will buy a majority stake in VAM SPAC, which in turn will take 100% of the broker’s capital.
The companies said that Supermoney’s equity was valued at 200 million euros ($215 million) before a planned capital increase.
Amsterdam-listed VAM SPAC will change its name to Supermoney Holding and become a joint-stock company on completion of the deal, which is expected by July 21.
VAM SPAC is backed by VAM Investments, a private equity firm led by Chief Executive Marco Piana and chaired by former Bulgari CEO Francesco Trapani.
The deal aims to provide Supermoney, which is headquartered in Italy, with the funds to grow, including through potential acquisitions. UniCredit and Equita SIM have been selected as financial advisers for the tie-up.
SPACs are shell companies that raise funds to acquire a private company with the purpose of taking it public, allowing such targets to sidestep a traditional initial public offering.
$1 = 0.9306 euros Reporting by Federica Urso Editing by Valentina Za and David Goodman
Growth agent experienced in building and operating strategic initiatives and new ventures internationally
1 年Wow
Consulente Assicurativo P. M. I. ; Specialista Noleggio a Lungo termine. Vendita di Oro puro LBMA
1 年Congratulazioni Andrea! Hai fatto e stai facendo azioni encomiabili nel tuo settore! Ti meriti ogni centesimo e ogni applauso del tuo successo!
Senior Full-Stack Web Developer at Supermoney
1 年Grandeee! Auguri! ??
Entrepreneur
1 年Hugely impressive Andrea MANFREDI. I know you worked long and hard to get there, and it's well deserved.
Head of Proprietary Finance Banca Ifis
1 年bravissimo Andrea. Il giusto premio dopo tanta fatica. Ad maiora