RiverFort invests €700K in €5M debt financing for Gaussin SA

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RiverFort Global Opportunities (GERD Follow | GERD) announced that it is investing €700,000 in a €5m debt financing for Gaussin SA. The financial package was organized by RiverFort Global Capital Ltd and will complement the 4 million euros of equity already raised by Gaussin in October 2022.

Guassin is a technology company that designs, assembles and offers zero-emission intelligent and connected vehicles for the transport of goods and the mobility of people for off-road and on-road applications. Gaussin has been listed on Euronext since 2010 and has a current market capitalization of approx. €115 million.

The financing will support Gaussin’s ability to fulfill its recently announced backlog of 89.5 million euros.

RiverFort said it expects to generate a return on investment through a combination of interest income and equity upside through the exercise of warrants.

Phillip Haydn-Slater, Non-Executive Chairman, said:

“We are pleased to be able to invest in such an exciting technology company. This financing demonstrates how we can deploy capital into important, quality companies to help them execute their strategy. We are very pleased to participate in the financing of Gaussin at this stage of his growth cycle.”

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Gaussin is a significant addition to RiverFort’s debt and equity portfolio which currently includes more than 20 companies, such as Jubilee Metals plc, Challenger Exploration Limited, Deepverge plc and Troy Resources Ltd. GERD shares up 4% today.

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Guassin is an expert in logistics processes, autonomous technologies and emerging energy solutions. The company specializes in ports, airports, logistics, people mobility, underground works and road transport. It has sold over 50,000 vehicles worldwide to date.

Guassin’s customers include big names such as UPS, Siemens, IKEA and Carrefour. The company’s turnover has grown rapidly over the past three years. It recorded €52.8 million in revenue during FY21, with a loss of €7.3 million. As of December 31, 2021, Guassin had net assets of €24.2 million.

RiverFort has a good track record of finding undervalued companies and accelerating their growth. The holding company typically invests in listed junior companies through equity and debt-linked products, a strategy that allows it to control volatility and risk. At the end of FY21, RiverFort held £5.8 million in these types of structured investments with interests in over 20 companies. This hedging strategy generates returns through a combination of fees, interest and other equity-linked or performance-based instruments.

RiverFort also held £2.7m of pre-IPO investments at the end of FY21, a new aim for the company to further capitalize on undervalued assets.

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