BestPrice Seeks €10.3 Million Prior to BME Growth Listing

✦ Meridian Analysis

BestPrice, the Catalan‑owned budget‑hotel chain listed on Euronext Access Paris, has signed a capital‑increase agreement to raise up to €10.3 million. The company will issue a maximum of 4.8 million new shares at €2.1422 each, comprising a nominal €0.0075 and a premium of €2.1347. Half of the issue is directed at two qualified investors. The transaction is being executed by GVCGaesco, which also serves as BestPrice’s appointed adviser for its planned migration to the BMEGrowth market, where the firm intends to achieve a simultaneous listing in Spain and France. In this structure the issuer seeks fresh equity to fund the expansion of its eleven‑hotel portfolio and the opening of two additional sites, while the investors acquire a direct stake in a company whose market capitalisation stood at €56.49 million after its last Paris trade at €2.76 per share. Deal professionals will be watching for the final pricing of the qualified‑investor tranche, the exact allocation of proceeds, and the timetable for the BMEGrowth admission, all of which were not disclosed in the announcement. Confirmation of any additional underwriting arrangements, as well as the receipt of regulatory clearances in both France and Spain, will also be critical to assess the completeness of the financing package.

The Meridian Weekly