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Client Case study

Corporate advisors for Dizz Group to assist with raising finance

Over the years, the Dizz Group has expanded its business and now operates in three main pillars – retail, food and beverage and property. As a result, it has raised funding through various platforms, both from banks and through the Malta Stock Exchange. In fact, on 16 September 2016, Dizz Finance p.l.c. went public and raised €8 million 5% unsecured bonds on the main market of the Malta Stock Exchange.

Following the setup of Prospects MTF, in 2018, the Dizz Group explored a different avenue for raising finance, given that it required a lower amount to be raised and Prospects MTF improved time required to go to market.

Consequently, in 2018, when the Group was in the process of developing D Mall in Tigne and part of its operations in Centerparc, Grant Thornton were appointed as corporate advisors to assist with raising finance on Prospects MTF. As a result, on 27 September 2018 the Group, through D Shopping Malls Finance p.l.c. raised €7.5 million 5.35% unsecured bonds, on Prospects MTF.

As the Group expanded further and set up its food arm by operating in food and beverage establishments, through Pastrocchio, Pascucci and Nespresso, it required further funding. As a result, in 2020, the Group secured financing through an institutional investor, and as a result, appointed Grant Thornton as Listing Agents to raise a €10 million notes programme on IFSM. In August 2020, it then issued the first tranche of this programme, raising €3 million.