Intesa Sanpaolo enter the capital of Materials with a reserved capital increase and a convertible financial instrument. When fully operational, the bank will have a total share of 14,44%. Materias is an incubator of new technologies that was established in Naples in 2016 "with the aim of supporting the world of research and allowing the most promising technologies to overcome the often long and arduous path that leads from the design phase to the realization, to the use and finally to the marketing of a product or a service” specifies the press release with which the operation was communicated.
Going into more detail, Intesa Sanpaolo subscribed to a reserved capital increase for 1,75 million euro, equal to 12,87% of the shares. At the same time it also subscribed to a convertible equity financial instrument in 2024 for an additional 1,57% share, against a further investment of 250.000 euros.
Materias is chaired by the former minister and former president of the Cnr Louis Nicolais, is led by the founder and CEO Catherine Better, and sees the participation in the corporate structure of important national and international companies such as Dompé Holdings, Ibsa Farmaceutici Italia, Mpa Development and We. Alberto Dal Poz, founder and CEO of Comec, president of Fondaco Sgr and former president of Federmeccanica was appointed director of Materias representing Intesa Sanpaolo.
The startup will use the new liquidity injection to support the 2021-2025 business plan, which envisages a "significant growth in revenues, thanks above all to the increase in royalty e licensing out deriving from the agreements recently concluded or being finalized with some industrial realities”, assures the company.
