Embention Intelligent Systems, an Alicante company specializing in the development of components and critical systems for drones, Axon Partners caught the attention of mutual fundIt continued to buy a minority part of its capital for 7.5m euros. It’s been a few months since Parkeye was first listed on the Paris stock exchange.
Embention was founded in 2007 and has since become a benchmark for its technology applied to developing equipment for drones and unmanned aerial vehicles. Last fiscal year, thanks to the excellent execution and the confidence that its brand has gained in the market, 3.3 million euro turnoverDistributed among more than 500 international customers of well-known prestigious such as Toyota or Airbus.
The company has been on the agenda for several months since its inception. Market penetration Euronext Access Parisattracted the attention of various mutual funds. Finally, after months of negotiations, the Axon Innovation Growth IV fund acquired a minority stake in Embention’s capital through its Spanish manager, Axon Partners Group. a total investment of 7.5 million euros to the counterparty. In this way, Embention and Axon are joining forces to jointly drive and promote the growth of the tech company.
Law firm Devesa & Calvo intervened in the fundraising process and advised Embention itself and Axon’s advisors to tap into the Alicante company’s capital. In addition to this intervention, the involvement of M&A boutique Infinitto Capital, led by Pedro Pérez Navarro (CEO), has been key to the success of the operation.
In particular, Embention provides legal advice on the operation, once again assisted by the Commercial Law and M&A department of Devesa & Calvo, led by partner Juan Antonio Botella Curvertoret and supported by lawyers María Roldán Llamas and Ana Karin Mengotti Moliner, who previously joined as legal advisers. took. As the company’s listing Sponsor, the company will make the leap to Euronext Access, with the professional collaboration of the Friends of Funding.
David Benavente, founder and CEO of the company from Alicante, expressed his gratitude to both companies for the effort and results achieved in this complex transaction. “After 15 years in this start-up industry, we face an exciting new phase with Axon as we continue to be technological leaders in this cutting-edge industry with our autopilots and critical systems to enable drones to fill the skies for years to come.”
With the Axon Partners Group and the funds it provides, it increases its experience in alternative investments and strategic consultancy with this operation, already in more than seventy countries, especially in Europe, LATAM, North Africa, the Middle East and India, despite its recent entry into this market (2020). Despite its minority position, Embention’s inclusion aims to play a key role in accelerating the company’s expansion plans from Alicante, which has for some time positioned itself as a leader in the unmanned and autonomous air transport industry. Vehicles.