Macan Abogados steers MioGroup´s IPO

Macan Abogados is advising Spain´s MioGroup on the process of going public

The Coordination and Incorporations Committee of Bolsas y Mercados Españoles (BME) has approved and published the Market Incorporation Information Document (DIIM).

MioGroup is a Madrid-based strategic consulting firm specialising in the integration of marketing and digital transformation services, focused on delivering measurable impact on its clients’ bottom line through the use of technology.

Both the favourable report and the publication of the DIIM are important steps prior to the approval by the Board of Directors of BME Growth of MioGroup’s shares listing on this market and the setting of a market debut date.

Prior the group´s stock market debut, MioGroup will carry out a 10% capital increase of €3 million with a total valuation of €30 million. The new shares will be allocated through a private placement with qualified and non-qualified investors starting in the next few days. The next step will be our debut on the stock exchange through a direct listing.

Miogroup´s chairman, Yago Arbeloa, said: “We are very proud to have taken this important step on the road to becoming a listed company. With the great work being done by the whole team, we are getting closer and closer to our debut on the BME Growth. We are very excited to start this new stage in MioGroup’s history very soon to enhance and accelerate our organic and inorganic growth and thus build a national leader in the sector.”

The objective of the Group, which had a turnover of over €45 million in 2020 and achieved an EBITDA of €1.2 million, is to continue to detect specialist companies with innovative services to integrate into its portfolio, enabling it to provide greater added value and holistic service to the client.

Norgestión acted as registered advisor, Andbank as placement bank, Macan Abogados as Legal advisor, PwC as auditor, Bondo Advisors as Corporate Financial advisor and GVC Gaesco as an agent bank.

Macan Abogados´ team is being led by partner Lola Lesma (pictured)