Wallix announces successful €10.5 million fundraise
Completed Transactions•June 2023
PrimaryBid SA was pleased to support WALLIX (Euronext ALLIX), a European cybersecurity software developer and expert in privileged access management, on its €10.5 million fundraising.
€5.5 million was raised via institutional investors, and individual investors on the PrimaryBid platform. A further €5 million was raised via a convertible bond issue on NextStage
Jean-Noël de Galzain, Chairman and Chief Executive Officer of the WALLIX GROUP, said: “I would like to thank our institutional and individual investors for their support and trust in this new phase of the Group's development, both existing shareholders who have renewed their confidence on this occasion and new ones who have joined us. The booming cybersecurity market is in perpetual motion and WALLIX aims to be a faithful partner to guide companies through their digital transformation. This capital increase and bond issue will provide WALLIX with the means to step up the acquisition limb of its UNICORN 25 plan in order to create a bold sovereign cybersecurity offering in Europe.”
PrimaryBid retail investors contributed strongly to the success of the deal, being allocated the maximum 20% of the capital increase. The deal was the 11th in France so far in 2023.
This French deal was only available to investors in France. Investing in securities involves risk.