Global Display Solutions to issue a Minibond subscribed by Duemme SGR
Global Display Solutions S.p.A. (“GDS”) has today issued a €8m Minibond to be subscribed by Duemme SGR. The bond will be listed on the ExtraMot Pro market segment operated by Borsa Italiana.
GDS is a technology leader and global provider of solutions, products and services. The company was formed in 2001 from the merger of CA&G Elettronica (Vicenza, Italy) and Emco Electronics (London, UK), two partners with more than thirty years’ experience in electronic design and production .The success of GDS is based on its absolute commitment to quality, flexibility and the relationships of trust it has built up over time, ensuring a supply of cutting-edge products which updated continuously in order to meet changing needs.
The bond issue has been approved in order to support the company’s plans for growth and expansion in a changing and fast-paced business environment. The Minibond has an annual coupon of 5.75% and will expire on 31 December 2020.
Duemme SGR, the asset manager of the Banca Esperia group led by Filippo Di Naro, completed the investment through “Duemme Fondo per le Imprese”, an Italian closed-end fund reserved to qualified investors. The fund, dedicated to investments in debt instruments (“Minibonds”) issued by Italian small and medium-size enterprises introduced by Italian decree law 83/12 (“Decreto Sviluppo”), is now approaching the conclusion of investments, with around 90% of its assets now placed into Minibonds.
Mediobanca acted as Arranger and Legance as legal counsel of the transaction. Moreover, GDS has been supported by Movent Capital Advisors and by its trusted advisors on the corporate and legal issues.