Negma Group commits to finance ePrice S.p.A. for a total amount of 10 Million Euros
- Negma Group is an alternative investment fund active in Europe, North Americas and Australia. It has invested oveNegma Group is an alternative investment fund active in Europe, North Americas and Australia. It has invested over 1 billion Euros since inception.
- Negma Group announces a new financing agreement on the Italian market, after having financed in the past Askoll Eva Spa and Energica Motor Spa.
Milan, 10th of May 2021 – Negma Group is pleased to announce it has entered into an investment agreement with ePrice S.p.A. for the subscription of a convertible bond facility with warrants attached. The agreement will allow ePrice to receive a financing of up to Euros 10.000.000.
Negma Group is an alternative investment fund providing small and mid-cap companies with funding required to develop their strategies. The fund has invested over 1 billion Euros since 2013. Negma Group benefits from a wide global network of partners and institutions.
ePrice S.p.A. is listed on the MTA segment of Borsa Italiana. ePrice is the first Italian e-Commerce company and has a catalogue of more than 1 million different products, thousands of special offers also activated by our 3P Marketplace, with a special focus on high tech products and appliance.
ePrice can request at its discretion up to 10 tranches of a nominal value of Euros 1.000.000 each. The bonds will be converted into shares of the company at certain conditions. ePrice will also issue warrants at each tranche, exercisable at a premium. If exercised, the warrants will allow ePrice to raise further financing in the next years.
Rodolfo Galbiati, Director of Italy of Negma Group commented: “We are very proud to support ePrice during this period of very exciting challenges. I believe ePrice has developed an amazing plan to build an Italian and international leader in the industry through the acquisition of target companies which will bring great value and synergies.”
Contacts :
Anthony de Rauville, CIO
Rodolfo Galbiati, Director Email: info@negmagroup.com