A tech consulting group focused on systems integration filed its incorporation documents this Thursday to join the BME Growth market, eyeing a valuation near €152 million by year’s end and pricing its shares at €3.04 each.
That move makes the firm the fifteenth to complete the incorporation certificate and signals Seresco’s entry into the same funding cycle that has seen Energy Solar Tech and Emperador Properties successfully exit the market in recent weeks.
The company appointed Renta 4 as its IPO adviser and conducted a private placement of 715,857 shares among more than 500 minority holders, including employees, freelancers, and associates close to major shareholders.
The consultancy is owned by its two founders: Jose Manuel Rufino, who holds 52.67% of the capital and serves as chief executive, and Miguel Angel Sacristan, owner of 45.75% and chief sales officer.
The firm closed its last financial year with a turnover of €97 million and an net profit of around €5 million, representing a 24.4% increase from the previous year and a 64.8% rise compared with 2020.
Management cited the public listing as a strategic financing mechanism to mobilize resources for future growth, enable share-based settlements in transactions, and bolster the company’s reputation in the market.
In addition, the leadership intends to broaden the shareholder base, create liquidity channels, and establish a transparent, measurable valuation of the company’s shares. This approach is also expected to enhance the operation’s credibility and foster staff loyalty by aligning incentives with company performance.
The group has accelerated its international expansion in recent years, establishing offices in Uruguay and London, among other locations. This November, the company finalized the acquisition of New Verve Consulting, a Scottish firm specializing in Atlassian technology, for €2 million.
AtSistemas disclosed the deal through a fixed payment of £1.3 million (about €1.49 million at current exchange rates) and a variable payment of £750,000 (roughly €860,000). The transaction was supported by a loan exceeding £1 million to complete the operation.
Today, the company employs about 2,000 people and plans to issue all outstanding shares as part of the IPO, signaling a comprehensive long-term liquidity strategy for stakeholders.