Energia Corrente, an Italian utility received from UniCredit a 6 million euros loan with the warranty of Sace and a six-years tenure (see here a previous post by BeBeez). The facility is part of Unicredit’s programme Futuro Sostenibile. Energia Corrente will pay a lower interest upn the achivement of specific ESG targets. The company has sales of 750 million euros.
Gruppo Metro.Ferr, a railways maintenance company, received from Anthilia Capital Partners a 3 million euros mid-long term financing facility maturing in December 2027 (see here a previous post by BeBeez). The item has an amortizing repayment structure starting from December 2023. Such proceeds will finance the organic development of Metro.Ferr and its subsidiary Impresa Acv. La Compagnia Holding and Hilex – Avvocati Associati assisted the borrower that belongs to Gaetano Baldi (83%), Antonio Imperatore (15%) and Felice Sammarco (2%). Metro.Ferr has revenues of 27.1 million and an ebitda of 4.4 million (16.3% margin).
Milan-listed Nusco, an Italian producer of doors and windows, received a Sace-warranted loan of 2.5 million euros from UniCredit (see here a previous post by BeBeez). The company will invest such proceeds in the implementation of ESG strategies. Luigi Nusco is the ceo of the firm that has sales of 50.9 million, an ebitda of 5.2 million and mid and long-term debts of 6.3 million.
ARS Tech, an Italian producer of automotive components in advanced materials, issued a 10 million euros minibond maturing in seven years (see here a previous post by BeBeez). Riello Investimenti Partners (anchor investor) subscribed to the bond for 7 million. The liability attracted 2 million from Banca Sella and one million from Sella. Ars Tech will invest such proceeds in the implementation of the New Green Deal project for reducing the CO2 emissions. Carlo Balucani is the ceo of the company the company which has an ebitda of 6.4 million.
IWIS, an Italian construction company, issued a 6-years unsecured minibond of up to 6 million euros with a preamortization of 18 months (see here a previous post by BeBeez). Finest and Veneto Minibond subscribed 3 million of the issuance and may invest a further 3 million by June 2024. Luciano Mazzer is the chairman of IWIS that will invest such proceeds in its organic development. The company has revenues of 100 million and an ebitda in the region of 6 million.
Progetto Economia Reale, the fund of funds platform of Cassa Depositi e Prestiti, Assofondipensione and Fondo Italiano d’Investimento (FII) for private equity, private debt and other asset classes, attracted commitments for one billion euros (see here a previous post by BeBeez).
Blackstone signed with Unicredit an exclusive agreement for the distribution of Blackstone European Private Credit Fund (ECRED) in Italy (see here a previous post by BeBeez). Andrea Valeri, chairman of Blackstone Italia and senior managing director of Blackstone Credit; Rashmi Madan, senior managing director and EMEA head of Blackstone Private Wealth Solutions; Francesco Vitulano, managing director of Blackstone Credit in Milan; and Carlo Roncalli, principal di Blackstone Private Wealth Solutions in Milan, announced the launch of ECRED, a Luxembourg vehicle that will target the debt of companies operating in non-cyclical sectors such as software, healthcare and professional services. Unicredit will sell to Italian private investors tickets of at least 0.1 million euros. Blackstone is holding talks with other banks for the distribution of ECRED in further European countries.
