Mediobanca, Unicredit and Intesa Sanpaolo issued a new 100 million euros senior medium-long term credit line to Valentino spa fashion maison (see here the press release).
Mediobanca was also arranger and banking agent in the deal while Unicredit and Banca Imi were arrangers. Valentino was supported by Chiomenti law firm in the deal, while the banks were advised by White & Case law firm.
The same three banks had issued term and revolving credit lines for a total consideration of 200 million euros in 2015 to Valentino.
Last March Valentino announced it had reached 1.11 billion euros in revenues in 2016 (from 987 million euros in 2015) with a 206 millions ebitda (from 180 millions) or a 18-19% ebtida margin (see here a previous post by BeBeez).
In ten years the group managed by ceo Stefano Sassi and controlled by Qatar’s fund Mayhoola for Investments has been reaching revenues that are almost 5 times the 240 million euros it had reached in 2006.
The Qatari fund, led by Mozah bint Nasser Al Missned, wife to Qatar’s emire Sheikh Hamad bin Khalifa Al Thani, has been owning the fashion maison since July 2012.