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24thlisting of 2023 on Euronext Growth Milan
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45th listing on Euronext in 2023
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Total placement volume of the offering equal to €11.75 million
Milan – 27 September 2023 – Borsa Italiana, part of the Euronext Group, today congratulates Edil San Felice S.p.A. Benefit Company on its listing on Euronext Growth Milan.
Edil San Felice specialises in civil and industrial construction. It is an integrated operator of solutions for ordinary and extraordinary development and maintenance in the motorway and airport infrastructure sector, working in the construction and maintenance of roads, highways, bridges, viaducts and airports. Over the years, the company has also specialised in environmental services, such as collection and transportation of special hazardous waste and remediation works.
Edil San Felice S.p.A. represents the 24th listing on Borsa Italiana’s market dedicated to small and medium-sized companies. It is the 45th listing of the year on Euronext.
In the placement phase Edil San Felice S.p.A. raised €10.75 million, excluding the potential exercise of the over-allotment option. In the case of full exercise of the over-allotment option, the total amount raised will be €11.75 million. The free float at the time of admission is 22.07% and the market capitalisation at IPO is €48.7 million.
Lorenzo Di Palma, CEO of Edil San Felice S.p.A., said: " Connecting Italy through efficient and safe road infrastructure has always been our mission. By listing on Euronext Growth Milan today, we commit to secure our growth path, by engaging an audience of investors that will provide Edil San Felice with additional funds to grow. This listing is not an end point but rather an important step in a long journey that began 43 years ago in the province of Naples. Our strong growth in the last three years is demonstrated by an increase in turnover of 24% bringing the value of production to more than €34 million in the last financial year. We are now ready to begin an exciting new phase of development and expansion, both nationally and internationally. The goal is now to boost growth, by both internal or external expansion, through acquisitions and other strategic transactions aimed at acquiring the most shareholdings in companies that operate in sectors with high development potential. We continue to be a reliable partner for the main Italian operators, such as Autostrade per l'Italia, Anas, Aeroporti di Roma, Tangenziale di Napoli, MOVYON, who recognise our experience and expertise in providing customised solutions to meet increasingly specific demands.”
Caption: Lorenzo Di Palma, CEO of Edil San Felice S.p.A., rang the bell during the market open ceremony this morning to celebrate the Initial Public Offering of the company.
Edil San Felice S.p.A.
Edil San Felice S.p.A. S.B. is a leading integrated operator of solutions for the development and ordinary and extraordinary maintenance of highway and airport infrastructures. It is among the leading general contractors in Italy with three operating plants, 704 customers, 238 employees and a production value of €34 million. For 43 years Edil San Felice has been operating in the Italian market with a specialisation in the construction and maintenance of roads, motorways, bridges, viaducts, airports, urbanisation and safety works such as horizontal and vertical signage, safety barriers and sound absorbing barriers. Over the years, the company has also focused on environmental services, such as the gathering and transport of special hazardous waste and reclamation work. Edil San Felice operates with major Italian road and highway contractors and operators, including: Autostrade per l'Italia, Anas, Aeroporti di Roma, Napoli Salerno Airports (Gesac), Amplia Infrastructures, Tangenziale di Napoli, Movyon, Autostrade Meridionali.