(Finance) – Equita Group together with its subsidiaries, announces the entry of a group of families, entrepreneurs and institutions close to the Equita world (the “New Shareholders”) in the shareholding structure of the company with a minority share of 12%. Some managers of the Group and historical shareholders of Equita have in fact finalized today, May 13, 2022, an agreement that provides for the sale of a portion of their equity investment in Equita to the New Shareholders, thus allowing the latter to join the partnership and build a “hard core” of shareholders alongside management.
The transaction provides that the manager shareholders – who had adhered to the Equita Group Shareholders’ Agreement signed on 10 February 2022 which overall represents 46% of the share capital and 57% of the voting rights – transfer a share package of approximately 12% .
Following the completion of the transaction, expected in the next few days and in any case no later than 20 May 2022, the management adhering to the Agreement will remain the reference shareholder of the Group with a stake of 33% and 45% of the voting rights, to which add the additional shares of managers and employees not adhering to the Agreement for a total of 38% of the share capital and 51% of the voting rights.
In addition to the stake acquired by the New Shareholders, some institutional shareholders in the Group’s shareholding structure also participated in the Transaction, which increased their stake by approximately 0.4%.
“As already communicated on the occasion of the announcement of the three-year Equita 2024 business plan, it was our intention to open the capital to strategic partners and families close to the Equita world, able to appreciate not only the investment in a constantly evolving company with objectives ambitious, but also to contribute to the creation of value by accelerating the growth of the business itself “- he commented the CEO of Equita, Andrea Vismara -. “We are happy to be supported by entrepreneurs and institutions that have been close to the group for some time now, who share our values and our growth project”.
“This operation – he said Francesco Perilli, executive director of Equita – arises from the shared desire of the historic management to rebalance the partnership for the benefit of the most operational managers and, at the same time, strengthen and protect the independence of the group, a key element that has distinguished Equita on the market for years “.