Compagnia Valdostana delle Acque – Compagnie Valdotaine des Eaux (CVA) issued a 250 million euros worth SSD, a hybrid senior secured financing facility (see here a previous post by BeBeez). The instrument has one tranche of 200 million maturing in April 2028 and another of 50 million maturing in April 2030 with a median cost of 2.66%. Morgan Stanley acted as initial lender and appointed White & Case for counsel while CVA retained Orrick and CORE Advisory.
Riello Investimenti Partners subscribed to Ga.Ma’s bond worth up to 5 million euros (see here a previous post by BeBeez). Sella CIB-Corporate & Investment Banking acted as arranger and Chiomenti as deal counsel. Ga.Ma will invest such proceeds in completing the construction of a plant for the production of professional haircare electronic items.
Milan-listed Azimut’s vehichle Azimut Investments carried on a tokenization for a stake of private debt fund AZ RAIF I – Absolute Non-Performing Assets, an investor in asset backed securities (ABS) that have NPEs as underlying assets (see here a previous post by BeBeez). Allfunds Blockchain and BNP Paribas Securities Services supported Azimut.
Merlyn Partners, a private equity that Alessandro Barnaba and Maarten Petermann manage, tabled a bid for acquiring the soprt activities of Italian troubled football team Sampdoria through a newco, a good company that would include the brand, the contracts of the executives, the managers and the players, real estate asset and the sport-related liabilities (see here a previous post by BeBeez). The fund would not buy the team’s debts with banks, the inland revenues and the suppliers. Such liabilities would go into the books of a bad company. The deadline for accepting such a proposal is 20 June, Tuesday, the last day for signing up teams for Serie A and Serie B 2023-2024 season. Genoa’s Chamber of Commerce appointed Eugenio Bissocoli to handle the liabilities of Sampdoria by 6 June, Tuesday. After then, Geona Court could start a receivership procedure. Banca Sistema and Macquaire, some of the team’s creditors, are reportedly working on issuing a convertible bond for 30 – 40 million euros. Massimo Zanetti, Edoardo Garrone and other investors are reportedly interested in subscribing to this bond.
Phinance Partners, a private debt player, is developing a pilot project for tokenising a real estate securitization on blockchain platform BlockInvest, an asset that belongs to RealHouse, a fintech that Lorenzo Rigatti, Massimo Calogiuri, Alfredo Malgrati, Fabrizio Ciciani, Fabio Pacchioni, Davide Baldi, and Rossano Petrucci created (see here a previous post by BeBeez). The project will allow investors to access all securitization’s information and files of on the platform. In 2021, RealHouse attracted the investment of Crédit Agricole Italia.
Banca CF+ announced the signing of a strategic partnership with BancoPosta for providing corporate digital solutions (see here a previous post by BeBeez). BancoPosta BancoPosta will allow its clients to invest in credit facilities for companies with revenues above one million euros, for which Fondo di Garanzia MCC and SupportItalia (SACE) provided their warranty. Iacopo De Francisco is the ceo and coo of Banca CF+.