Atiu Srl, an innovative SME operating in the sector of glass decoration for packaging, has finalised a 5 million Euro capital increase reserved for the entry of new investors in its share capital. The operation is aimed at developing a new glass decoration product.
According to a note for the press, the resources raised through the transaction will be entirely allocated to the construction of a new plant in Verona, and to the strengthening of the company’s organisation, led by Tito Trevisan (President and Chief Innovation Officer) and Alessandro Volpato (CEO).
The new shareholders, led by Luca Pretto (Pasubio Spa of Arzignano, Vicenza) as lead investor, include representatives of leading Italian entrepreneurial families, managers with international experience, and other retail investors capable of bringing expertise and support to the founding shareholders, who will retain the majority of the capital.
Banor Sim Spa assisted Atiu as exclusive financial advisor for the transaction, while the firm Orrick, Herrington & Sutcliffe (Europe) handled the legal aspects. Atiu used CrowdFundMe Spa, a crowdinvesting platform listed on Euronext Growth Milan, to finalise the transaction.
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