Hili Properties received €124 million worth of bids from Hili Ventures Group bondholders and a further €102 million worth from the public for the bonds it recently offered.
An aggregate amount of bonds amounting to €1 million were taken up by Hili Ventures Group ‘preferred applicants’, all of which were satisfied in full except for two applications, with a spill-over to the public offer of €406,500.
The bondholders were guaranteed a minimum of €4,000 and will get 1.153 per cent on the remaining balance. There were just over 5,000 applications worth €102 million from the public. These will be given a minimum of €2,000 each with 1.964 per cent of the remaining balance.
The company issued a total of €37 million of 4.5 per cent unsecured bonds, maturing in 2025.
Mediterrania acquires Tunisian firm
Private equity firm Mediterrania Capital Partners has acquired a 23 per cent stake in Société Meunière Tunisienne through its second fund Mediterrania Capital II.
The Tunisian company specialises in wheat collection, transformation and distribution, employing some 600 people. Its Randa brand is the national leader in the pasta segment, with an annual production of over 50,000 tons of pasta.
With the capital injection coming from Mediterrania Capital Partners, Randa will focus on new product development and inter-national expansion.
Consistent with its strategy, the Malta-based Mediterrania Capital Partners continues to search for growth opportunities in the Maghreb region – Morocco, Algeria and Tunisia – with potential expansion into African sub-Saharan countries.
Mediterrania Capital Partners looks for opportunities with an equity value of €25 million to €400 million and with expansion strategies into North Africa and sub-Saharan African markets.
Oulala targets UK market
Malta-based Oulala.com, the daily fantasy football platform, has unveiled a new monetised version of its site, which is available to consumers in the UK and Malta for the very first time.
Founded in 2013, Oulala allows users to create their own fantasy football team and compete against their friends. Users can now compete against other players to win real money. Launched by Malta-based entrepreneurs Valery Bollier and Benjamin Carlotti, Oulala has secured more than £1.5 million in investment to date from business organisations and business angels including the Maltese Ministry of Economy and Google – which rewarded Oulala as one of the most innovative start-up businesses of 2014.
One of those current investors is British businessman Graham Martin, who is about to become a shareholder via theCardinal House Group.
The business is set to close on a further £7 million round of investment within the next 12 months. In addition, Oulala Australasia will be launched in the coming months in conjunction with various existing Asian media partners.