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Equita assisted CY4GATE in the €90 million primary offering

Equita assisted CY4GATE (march 2022)

Milan, 16 March 2022 – CY4GATE – company founded in 2014 to meet an unconventional demand for cybersecurity and listed on Euronext Growth Milan since June 2020 – announced on March 14 the successful completion of a capital increase of €90 million announced.

The offer was priced €10.5 per share. Elettronica S.p.A. and Tec Cyber S.p.A. subscribed the tranches reserved to them and the remaining part of the offer was fully priced by Italian and international institutional investors via an accelerated bookbuilding procedure.

The offer – the largest ABO of this nature in Italy since Salini in November 2019 – is aimed at financing the acquisition of Holding Aurora S.p.A. announced in 2021 and represents high complexity, considering the strategic nature of the deal for CY4GATE, the current geopolitical framework and the limited liquidity of the share.

The team of Global Financing, in collaboration with the Research Team and the Sales of the Global Markets division of Equita, acted as Sole Global Coordinator and Sole Bookrunner.

The transaction confirms the ability of Equita to build long-lasting relationships with the assisted companies, supporting them in their growth and strategic decisions. CY4GATE, for instance, was listed by Equita in June 2020 and since then it has been able to quadruple its market capitalisation since IPO.

 

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CY4GATE was founded in 2014 to meet an unconventional demand for cybersecurity. Listed on Euronext Growth Milan since June 2020, CY4GATE was conceived to design, develop and produce technologies and products, systems and services that are able to meet the most stringent and modern requirements of "Cyber Intelligence & Cyber Security" expressed by the Armed Forces, the Police Forces, the Intelligence Agencies and the Companies, on the national and the foreign market. A Unique Italian industrial project, CY4GATE operates in the cyber market at 360 °, with proprietary products that meet both the needs of information collection and analysis and security: QUIPO, Igea, in the world of Cyber Intelligence; RTA, in the world of Cyber Security.