Inventory Trade: AZT Viitorul Tău, the second largest non-public pension fund in Romania, will develop into a shareholder of Arobs Transilvania, the biggest IT firm on the inventory change, with a ten% holding. Funding of virtually 100 million lei

AZT Viitorul Tău, the second largest Pillar II non-public pension fund in Romania after NN Pensii, with property of 30 billion lei invested on behalf of 1.7 million Romanian employees, has entered the share of Arobs Transilvania Software program (inventory image AROBS), exhibiting ZF complete knowledge from bvb.ro.

Thus, AZT Viitorul Tău – managed by Allianz Ţiriac Pensii Non-public – stated that 10% of the corporate was managed by businessman Voicu Oprean, which at present buying and selling costs means an funding of about 94 million lei, in response to calculations by ZF. That is the primary funding of the P2 fund in an IT firm listed on the native inventory change and the primary in an organization that made the transition from the Aero market to the regulated market.

Arobs Transilvania has a inventory market capitalization of 943 million lei. In line with BVB knowledge, businessman Voicu Oprean has a 50.6% stake within the firm.

ZF just lately wrote that Arobs Transilvania Software program, the biggest know-how firm listed on the Bucharest Inventory Trade, efficiently accomplished a capital elevating operation on July 10, with which it attracted 28.7 million euros from traders funding.

The method consisted of two phases – the primary, by which the prevailing shareholders subscribed on the idea of pre-emptive rights, and the second, by which native institutional traders and new worldwide together with non-public area. The ultimate value per share for every degree was set at 0.82 lei, in response to a press launch.

Arobs’ capital enhance attracted 8 native and worldwide institutional traders, who subscribed over 96% of the shares supplied within the operation. Subsequently, the work accomplished at the moment is the biggest capital enhance for a public firm within the IT sector and the primary capital enhance of an organization on this trade by which a majority of the capital was taken up in with institutional traders. After this transaction, Voicu Oprean straight owns 50.6329% of the corporate’s share capital.

The capital raised will help the continuation of Arobs’ development technique via acquisitions and natural development. Subsequently, the quantities raised within the capital enhance, along with different sources of funding, will probably be used for the event and consolidation of the group.

The corporate will use the funds raised to amass firms that display synergy and are simple to combine into its tradition, with a robust portfolio of purchasers and a robust EBITDA indicator, and for growth in Europe, North America and Asia. A small a part of the cash will probably be used for working capital, to help natural development, but additionally to generate new greenfield merchandise/options.

This was Arobs’ second share capital enhance on the Bucharest Inventory Trade and the primary after transferring its shares to the Foremost Market on September 25, 2023. The primary non-public placement, from October 2021 , about 15 million euros. and so they attracted, in a really massive majority, retail traders. After the capital elevating in 2021, Arobs has made 10 acquisitions up to now.

The share capital elevating exercise was organized by BT Capital Companions. Filip & Co acted as authorized advisor for Arobs.

The corporate reported a consolidated turnover of 105 million lei within the first three months of 2024, down 5% in comparison with the primary quarter of 2023, normalized EBITDA of 20.6 million lei and normalized internet revenue of 11.7 million lei , minus 29.4%. .

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