Holaluz — Other · €22M

Barcelona-based green electricity retailer Holaluz brought in Spanish energy investor Icosium Investment as a strategic shareholder with a €22M commitment structured in two phases: €6.48M in an immediate capital increase for 14.12% of the company plus a €15.52M convertible loan that would take Icosium to 33.43%. The deal valued Holaluz at over €45M pre-money, a 66% premium to its BME Growth closing price, and gave Icosium two board seats initially.