(CercleFinance.com) – Cabasse announces today the completion of an issue of bonds convertible into shares for a total amount of €2.5 million fully subscribed by Eiffel Investment Group, an asset management group specializing in business financing.
Cabasse had already carried out a capital increase of 1.7 ME at the beginning of the month. The funds raised by Cabasse, the total of which now stands at 4.2 ME, aim to place the company among the world leaders in the Wireless segment of the Luxury Home Audio market.
The company has set itself the objectives of achieving average annual growth of more than +15% over the 2021-2025 period and a normative EBITDA margin of 15% in the medium term, indicates Alain Molinié, Chairman and CEO of Cabasse.
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