No Result
View All Result
  • Private Data
  • Membership options
  • Login
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHubHOT
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
    • Private Data
Subscribe
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHubHOT
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
    • Private Data
Home DISTRESSED ASSETS

Italy’s private debt and NPLs weekly roundup. News from the Milan Polytechnic, Magis, Confitarma, Eni Gas e Luce, Banca Centropadana, Carige

Bebeezby Bebeez
March 7, 2019
Reading Time: 3 mins read
in DISTRESSED ASSETS, ITALY, PRIVATE DEBT
Share on FacebookShare on Twitter

Schermata 2019-02-28 alle 06.34.20The fifth relation of Milan Polytechnic University’s Observatory for Minibond, says that in 2019 will come to maturity an amount of Italian corporate bonds worth 2.6 billion of euros (all these issuances are below 500 million and are not listed on markets available to retail investors) (see here a previous post by BeBeez). Giancarlo Giudici, the head of the observatory, said that in 2020 and in 2023, bonds worth 3.2 billion will come to maturity.

Magis, an Italian producer of tapes, issued a 7 million of euros minibond with a 7 years tenure, including a pre-amortizing term of 2 years (see here a previous post by BeBeez). Finint Investments, Fondo Rilancio e Sviluppo di Sviluppo Imprese Centro Italia, and Iccrea Banca Impresa subscribed the bond. Banca Finint and FISG (part of Gruppo Banca Finint) acted as the issuance arrangers. The company will invest the proceeds of this liability in its organic growth. Magis has sales of 50.2 million, an ebitda of 4.1 million, and net financial debts of 13.8 million.

The Italian association of shipping companies Confitarma held a meeting with sector focused private equity and credit funds and asked the Italian bank to communicate with more transparency the stages of the sale of NPLs to troubled borrowers (see here a previous post by BeBeez).

Eni Gas e Luce sold a portfolio of distressed credits worth 230 million of euros  which were securitized (see here a previous post by BeBeez). Phinance Partners, the advisory firm of Enrico Cantarelli and Alessandro Mitrovich (two former directors of Royal Bank of Scotland) advised the Italian utility and acquired 10% of the asset-backed securities of the portfolio while DLA Piper provided legal counsel.  

BCC Banca Centropadana sold to an undisclosed investor a portfolio of distressed credits worth 31.5 million euros (see here a previous post by BeBeez). Banca Akros, part of Banco Bpm acted as arranger through its platform Multiseller Npl.

By end 2019 Carige, the troubled listed Italian bank, will sell a further portfolio of distressed credits worth 2.1 billion of euros in order to cut its current 22% NPE ratio to 6.3%, said turnaround managers Pietro Modiano, Fabio Innocenzi, andRaffaele Lener (see here a previous post by BeBeez). The bank ha salso to raise 630 million through a capital increase. lnnocenzi said that for the portfolio SGA tabled a binding offer, and Credito Fondiario a non-binding bid. In 2H19, Carige will sell UTPs amounting to 300 million.

Gateways to Italy

Gateways to Italy – Offer your services to funds and investors willing to explore opportunities in Italy. Become a partner!

Gateways to Italy – Offer your services to funds and investors willing to explore opportunities in Italy. Become a partner!

by Partner
June 6, 2023

Sign up to our newsletter

SIGN UP

Related Posts

Phononic Vibes targets a 20 million turnover ahead of M&A growth, CEO says
FINTECH

Phononic Vibes targets a 20 million turnover ahead of M&A growth, CEO says

July 1, 2025
Italy’s angels & incubators and venture capital weekly roundup. News from BeDimensional, The European Investment Bank, CDP, Eureka! Venture, NovaCapital, Pellan Italia, and more
FINTECH

BeDimensional to launch a 20 million euros round, CEO says

July 1, 2025
PRIVATE DEBT

Iomart secures £115 million credit facility

July 1, 2025

ItaHub

Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

November 4, 2024
Italy’s SMEs export toward 260 bn euros in 2025

Italy’s SMEs export toward 260 bn euros in 2025

September 9, 2024
With two months to go before the NPL Directive, in Italy the securitization rebus is still to be unraveled

With two months to go before the NPL Directive, in Italy the securitization rebus is still to be unraveled

April 23, 2024
EU’s AI Act, like previous rules on technology,  looks more defensive than investment-oriented

EU’s AI Act, like previous rules on technology, looks more defensive than investment-oriented

January 9, 2024

Co-sponsor

Premium

Funds vying for management consulting firm BIP, a CVC portfolio company. All deals in the sector

Funds vying for management consulting firm BIP, a CVC portfolio company. All deals in the sector

March 6, 2025
Private equity, Italy 2024 closes with 588 deals as for investments and divestments from 549 in 2023. Here is the new BeBeez’s report

Private equity, Italy 2024 closes with 588 deals as for investments and divestments from 549 in 2023. Here is the new BeBeez’s report

February 10, 2025
Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

November 4, 2024
Venture capital investments top €1.3bn in 208 rounds as of Sep30  in Italy. They were €1.5 in all 2023. The new BeBeez Report

Venture capital investments top €1.3bn in 208 rounds as of Sep30 in Italy. They were €1.5 in all 2023. The new BeBeez Report

October 28, 2024
Next Post

Cerved reaches a 1.8 bn euros market cap, in line with a potential bid by Advent International. The group is valued up to 2.3 bn euro or 11x ebitda

Italy's private equity and m&a weekly roundup. News from Cotril, Investindustrial, Illimity, Idea CCCR II, Tamburi, Ambienta, ArchiMed, Palladio, FSI, SprintItaly, Ethica, Gelit, OreFin, Gradiente, Crif

EdiBeez srl

C.so Italia 22 - 20122 - Milano
C.F. | P.IVA 09375120962
Aut. Trib. Milano n. 102
del 3 aprile 2013

COUNTRY

Italy
Iberia
France
UK&Ireland
Benelux
DACH
Scandinavia&Baltics

CATEGORY

Private Equity
Venture Capital
Private Debt
Distressed Assets
Real Estate
Fintech
Green

PREMIUM

ItaHUB
Legal
Tax
Trend
Report
Insight view

WHO WE ARE

About Us
Media Partnerships
Contact

INFORMATION

Privacy Policy
Terms&Conditions
Cookie Police

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHub
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
    • Private Data
Subscribe
  • Login
  • Cart