Cuatrecasas advises atSistemas on its listing on BME Growth, on a share placement and on designing its corporate governance system
Cuatrecasas advised atSistemas
, the leading Spanish technology company in digital transformation, on the process for listing on the BME Growth segment of the multilateral trading facilities system BME MTF Equity. The firm also advised the consultancy company on designing its corporate governance system and on carrying out a private placement of shares before being listed on BME Growth particularly aimed at the company's employees, with the objective of giving the listing enough publicity.
Thanks to its debut on BME Growth on December 20, valued at €152 million, atSistemas is the 10th company this year (no REIT) to be listed on this market as it makes progress towards meeting the objectives of its 2021-2024 strategic plan, namely that the company continues to expand internationally and reinforces its position in a sector that is increasingly more competitive. This transaction will enable it to access new financing means that will promote its organic and non-organic growth. It will also help it to gain notoriety and strengthen its brand, make its management more professional and offer its shareholders liquidity while holding a position in a market focused on SMEs from innovative sectors, with access and permanence requirements adapted to its needs.
The firm’s team advising on this transaction was led by Roger Freixes
, expert in commercial law and capital markets, who had the support of the lawyers Alejandro Ramón and Josep Casanellas. Regarding the process, Roger stated: “At Cuatrecasas we are very proud to advise innovative companies from emerging sectors, such as atSistemas which has an ample portfolio of digital transformation services, on their growth and international expansion projects through access to capital markets, and to help them to establish good governance systems that make their management more professional and build trust in the investment community, thus creating an incentive for investment.”