The French Fund Manager Eiffel Investment Group has signed an investment agreement of 2 million euros at Technology Cuatro Nochentaquoted in the BME Growth and that is based in Castellón, to finance its growth strategy through purchases.
The investment will materialize by subscription of bonds convertible into four -year shares and It is the first entry of an international institutional investor in the company of Castellónwhich specializes in the development of business software and cybersecurity.
The agreement is specified in a loan that allows Eiffel to turn it into actions of four -way from the first day at a price of 18 euros, 31% above the value of the shares of the technology the day of the firm in Bme Growth. Cuatroochenta, meanwhile, can request the conversion of bonds into shares once the first 12 months have elapsed from the issuance at a price of 18 euros per share or, alternatively, their amortization.
The funds obtained will be used to continue with the purchasing strategy to gain size that has been implemented in recent years, in which he has opted for integrate small software companies into specialized niches or markets of interest.
“It is a strategic operation for Cuatroochenta, since it allows us to accelerate the inorganic growth strategy, predictably in 2025, and strengthen a solvent financial position, in addition to representing the endorsement of a powerful international investment group to our trajectory and business model,” said Javier Rillo, CFO of the Cloud Software Company and Cybersecurity for companies.
Investors
After the entrance of Inveready in 2021, the operation with the French investment group represents a qualitative leap in the evolution and positioning of Cuatroochenta as a relevant technological technology in Spain and Latin America. Since 2018, the B2B technology company has materialized the acquisition of 8 societies.
Eiffel is an independent French investment group that manages more than 7,000 million euros, with presence in Europe, the US and the Middle East. Among its investments are those made in global technological solutions, in infrastructure for energy transition and decarbonization under ESG criteria and has the support of the Impala group, founded by businessman Jacques Veyrat.
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