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Making Science and the SOPEF Fund Will Invest up to 40 Million Euros in the Subsidiary Making Science Marketing & AdTech

In This Article:

  • The SOPEF fund is owned in part by the sovereign wealth fund of Oman (Oman Investment Authority) and managed by MCH.

  • SOPEF's initial investment in Making Science's subsidiary is €5 million and Making Science's is €2.5 million.

  • The two firms have agreed to invest up to €20 million each during the years 2024, 2025 and 2026 and Making Science has the option to repurchase the stake from SOPEF in 2027

MADRID, August 07, 2024--(BUSINESS WIRE)--Making Science Group, S.A. (BME Growth: MAKS), a leading digital marketing and technology company, today announced an agreement with the SOPEF fund (Spain Oman Private Equity Fund), managed by MCH, whereby they will finance the growth of the subsidiary Making Science Marketing & AdTech with up to €40 million over the next two years.

The Making Science subsidiary, which specializes in providing advanced solutions in data analytics, ad campaign optimization and user experience personalization, will receive an initial investment from SOPEF of €5 million and another €2.5 million from the parent company, Making Science. For the remainder of 2024, 2025 and 2026, both firms have also agreed to increase their investment to €20 million each (totaling €40 million between them), with the aim of accelerating its international growth in strategic markets for the company. Making Science also reserves an option to repurchase the stake owned by SOPEF in 2027.

The SOPEF fund was set up last October by COFIDES, S.A. and the Sultanate of Oman, through the Oman Investment Authority (OIA), to promote investment in Spanish companies with high growth potential. This private equity fund seeks to foster economic cooperation and strengthen ties between the two countries by investing in strategic sectors such as renewable energy, technology, infrastructure and healthcare.

José Manuel Bartolomé, Director of the SOPEF fund: "Making Science meets all the requirements we are looking for in SOPEF, since it is a growth project with a mission to lead and an international outlook. It is also a sector of great attractiveness and growth, due to the digitalization and transformation component that digital marketing is bringing to the industry and that presents great opportunities in the coming years. The company has a top-tier management team that has a very well-defined business plan in mind for the coming years."

José Antonio Martínez Aguilar, Founder and CEO of Making Science, explains that "SOPEF's investment shows the strength of our project and our capacity for international growth. Our subsidiary Making Science Marketing & AdTech represents about 65% of our business and has huge international growth potential. The entry of a fund with the support of a sovereign wealth fund indicates on the one hand the strength of the Making Science project and on the other hand gives us access to an investment capacity that allows us to compete with large global groups. MCH is a firm with extensive experience in helping Spanish companies to grow abroad and the investment of a sovereign wealth fund such as Oman Investment Authority, besides showing the strength of the Making Science project, will facilitate our growth in the Middle East."