Feb 9 • 09:57 UTC 🇮🇹 Italy Il Giornale

Gruppo Servizi Associati (GSA): financing operation of 190 million euros

Gruppo Servizi Associati has secured a financing operation of 190 million euros aimed at bolstering its business development plans and enhancing its financial profile.

Gruppo Servizi Associati S.p.A. (GSA) has completed a financing operation amounting to 190 million euros to support its business development plans. This operation is crucial for strengthening GSA's financial position by refinancing existing debt and providing new resources aimed at growth. The operation includes the issuance of a bond fully subscribed by funds managed by Pemberton Asset Management, offering new liquidity to the company.

The financing allows GSA to access up to 80 million euros designated for future expansion, which may involve potential mergers and acquisitions (M&A) and other investments. This strategic move is articulated by GSA's leadership, specifically by Alessandro Pedone, Founder and Vice President, and Engineer Antonio Musacchio, CEO. They emphasized that this operation is a pivotal step in consolidating the company’s financial capacity and facilitating their growth plans.

With this financing initiative, GSA aims to position itself better in the market, ensuring that it has the necessary resources for both internal development and external opportunities for growth. The backing from an established asset management firm like Pemberton indicates strong investor confidence in GSA's future trajectory, which is likely to influence its competitive standing in the sector.

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