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Integral service around a transaction
BY : Diego GutiérrezAugust Fri, 2019

The Spanish businessman José Luis Martinavarro acquires a 4.5% stake in Amper from Mental Capital, a company owned by Amento Capital, which thus confirms its exit from the company's fund.

With this procurementthe Martinavarro family returned to the company's capital, after in 2016 Auriga Global InvestorsThe financial group founded by Enrique Martinavarro signed a financing contract convertible into shares of the company, for a maximum amount of €4,000,000. This time, it has been José Luis Martinavarro who has acquired 4.5% of the capital, a transaction valued at €12.3 million. As a result, he became the rightful holder of the 0.2% of capital in direct formand on the other 4.3% indirectly.

According to a press release issued to the Comisión Nacional del Mercado de Valores (Spanish Securities and Exchange Commission)At the beginning of the year, Amper proceeded to the full repayment of its non-convertible financial debt, derived from the syndicated financing agreement signed in 2015 with the lenders. Almost €13M amortised thanks to the resources obtained with the closing of the sale of its business in the South Pacific. Even so, the market has not yet fully embraced the company's acquisition policy.

But despite all this, and taking as a reference the close of Friday 9 August at 0.257€, the Madrid technology company has an annual advance of 7.74%.

Amper is a multinational group with more than 60 years of experience in the telecommunications sector, dedicated to facilitating market transformation towards new business models, integrating sector solutions and communications technology. In addition, it has a clear international vocation and is highly committed to innovative and excellent technology.


It should be recalled that last July, Amento Capital announced its decision to exit Amper's shareholding with the sale of its 5.9% stake, the aforementioned 4.5% to Martinavarro and the remainder placed in the market. According to the investment firm, this transaction is explained by the shareholding stability of the entry of a private investment group with a long-term vision and consistent with organic and inorganic growth.

At the end of 2017, Auriga and Amento already controlled 10% of Amper. Over the last few years, the company has carried out a corporate reorganisation and is currently in the midst of implementing its 2018-2020 Strategic Plan, in which it expects to increase its turnover from €70m in 207 to the €350m it expects to bill by the end of 2020.

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