The profiles of the investors, many of them strategic partners, range from large corporations in the sector to family offices and world-renowned public figures from the sports and entertainment industry.
The investment will help to invigorate the company, which, among other moves to be announced, has already committed to the Royal Spanish Football Federation as its first two-year sponsorship agreement.
The company’s founder and CEO, Jorge Moran, says that the transaction “was oversubscribed and several investors who could not attend this time are still interested and waiting for new opportunities to invest in the company, as we are the inflection point in the industry with our Smart Cost program”.
This 100% Spanish Mobile Virtual Network Operator (MVNO) expects to open 100 of its own stores by the end of this year (225 by 2025) and to reach 1.2 million customers by 2027 with a turnover of 200 million euros in four years”.
The Ontier team has been led by Ignacio Arce Orejassenior lawyer of Corporate & M&A, together with Pelayo García-Bernardo Albornoz y Laura Zaldívar Lobato, senior and junior Corporate & M&A lawyers, all three belonging to the Ontier Norte team based in Oviedo.
The Board of Directors of Silbö agreed to appoint Ignacio Arce and Pelayo García-Bernardo as secretary and vice-secretary of the Board of Directors, respectively.
In a market as fragmented and competitive as the Spanish one, Silbö seeks to differentiate itself from other operators thanks to a hybrid strategy with a double emphasis on very competitive prices and high quality products and services, with a basic and attractive range of options to choose from in the B2C, B2B, B2B2C and B2B2B2B segments.
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For further information, please contact Pelayo García-Bernardo Albornoz, Laura Zaldívar or Ignacio Arce.
Ontier LLP is authorised and regulated by the Solicitors Regulation Authority, registration number OC327289.
