M-Cube issues a €10 million bond with Intesa Sanpaolo
The funding is part of the basket bond operation of Intesa Sanpaolo in partnership with ELITE to support the most virtuous SMEs
The remarkable international growth of the M-Cube Group, an expert in digital services for in-store digital engagement, will be financially supported by a 7-years €10 million bond fully subscribed by Intesa Sanpaolo, a leading bank group in Italy that has a strong international presence.
The bond will be fully subscribed by Banca Intesa Sanpaolo as part of its broader basket bond operation launched in partnership with ELITE, the international platform of the London Stock Exchange Group that focuses on accelerating the growth of companies through an innovative path of organisational and managerial development. The innovative Basket Bond system meets companies’ need for medium-long term financing to ensure the implementation of their growth and investment plans.
The initiative was presented to the public on 28 January at the event “Crescere e Competere grazie alla Finanza Sostenibile” [To Grow and Compete thanks to Sustainable Finance] organised by ELITE at Palazzo Mezzanotte, Milan, where M-Cube took a central role in the round table chaired by ELITE.
M-Cube, an Italian group founded in 2001, is growing at international level, having finalised 5 acquisitions in the last 14 months (the English &AlchemyDigital, the French Carlipa, the Belgian Storever and the Italian companies Stentle and Videomobile) which have made the Italian company acquire a leading position in Europe.
Manlio Romanelli, Group CEO of M-Cube, said on this point: “We are very proud of the trust expressed by Intesa Sanpaolo by fully subscribing our issue, believing in our international growth project and in our mission that aims at combining technological expertise with Italian creativity and professionalism”.
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