fox e-mobility AG is structuring a EUR 30m debt fundraising with GFI EU and Tevali Partners
DGAP-News: fox e-mobility AG / Key word(s): Financing
fox e-mobility AG is structuring a EUR 30m debt fundraising with GFI EU and Tevali Partners
Munich, 28. May 2021. fox e-mobility AG (ISIN: DE000A2NB551), a European electric vehicle company that specializes exclusively in the production, marketing and development of compact electric cars in the lower price segment for individual passenger transport and logistical applications, has engaged Tevali Partners and GFI EU, on the issuance of a corporate bond private placement of EUR 30m. fox e-mobility is organizing a corporate bond private placement with an expected total commitment of EUR 80m, starting with a first tranche of EUR 30m. The bond will fund the launch of a brand-new electric car, the MIA 2.0. 'For us, this third round of funding represents a new decisive step to secure the financing of the development for our MIA 2.0 battery electric vehicle. After this first EUR 30m tranche we will have secured more than a third of our total funding requirements. Tevali Partners & GFI EU have been doing an outstanding job thus far and we are already now looking at the next steps together with them' said Philippe Perret, CEO of fox e-mobility. The management team of fox e-mobility will be supported during the bond issuance process by two renowned institutions, Tevali Partners and GFI EU which operate respectively as investment banking and brokerage company. Tevali Partners is exclusively advising fox e-mobility on the financing and structuring process of this fundraising deal that will allow fox e-mobility to grow in a fast-expanding market. GFI EU will act as exclusive placement agent and arranger of the operation. With a strong network of investors across Europe, GFI EU will assist fox e-mobility in this fundraising process. GFI EU is specialized to assist small and midcap companies to raise funds by issuing private bond placements. Since 2015, GFI EU has supported companies in several sectors including sports business, renewable energies, and real estate. GFI Group is amongst others a global leader in providing pricing, liquidity, trading technology and post-trade services for a wealth of fixed income cash and derivatives markets. Active in more than 22 countries, GFI Group employs approximately 2,000 people and serves more than 2,600 institutional clients, including insurance companies, asset managers, private banks, and private debt funds. GFI EU is a trading name of Aurel BGC SAS, an investment firm regulated by the ACPR and the AMF. Tevali Partners is a financial advisor exclusively addressing impact investing markets with more than EUR 1.7Bn of transactions and c. EUR 1Bn of closed deals over the last 18 months. Over the years, Tevali Partners has developed an extensive knowledge of energy production, energy efficiency, eco-mobility and waste management markets allowing them to offer customized solutions of financial advisory over the whole value chain. About fox e-mobility AG fox e-mobility AG is a European electric vehicle company that specializes in the production, marketing and further development of compact electric cars in the lower price segment for both, individual passenger transport as well as logistical applications. The new MIA 2.0 model series is to be manufactured in Europe in cooperation with well-known suppliers to the electrical and automotive industries. The management team consists of seasoned managers and engineers from the world's largest automotive groups who have in-depth expertise and a comprehensive network for electro-mobility. For more information, please visit http://www.fox-em.com. Press cotacts Dr. Walter Glogauer Jan Hutterer
ir@fox-em.com Contact Tevali Partners Michael Tobelem - Founding Partner Phone +33 1 80 20 80 26 Email mtobelem@tevalipartners.com
Contact GFI EU Jonathan Dreymann - Private Placement Department Phone +33 1 76 70 35 22 28.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | fox e-mobility AG |
Barerstraße 7 c/o SMC | |
80333 München | |
Germany | |
Internet: | www.fox-em.com |
ISIN: | DE000A2NB551 |
WKN: | A2NB55 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg |
EQS News ID: | 1201766 |
End of News | DGAP News Service |