Compagnia Valdostana delle Acque (CVA) received from Banco BPM a 100 million euros financing facility (see here a previous post by BeBeez). The company will invest these proceeds in the development of photovoltaic plants and Aeolian farms with power of 804 MW and in its working capital. CVA has sales of 1.728 billion and net profits of 164 million.
Andriani, an Italian producer of gluten-free pasta, received from Crédit Agricole Italia and Cassa Depositi e Prestiti a financing facility of 34 million euros with the warranty of SACE. (see here a previous post by BeBeez). The company will invest such resources in the construction of a production plant in Canada.
GVM Care & Research, a hospital network, received from Banca Monte dei Paschi di Siena a revolving credit facility of 20 million euros with the warranty of SACE (see here a previous post by BeBeez). GVM will invest such resources in expanding its international operations. The company has sales in the region of 800 million, an ebitda of 153.8 million and a net financial debt of 400 million. Ettore Sansavini is the chairman of GVM Care & Research.
Casalasco, an Italian food company of which QuattroR has 49% since August 2021, received from UniCredit a 6-years sustainable financing facility of 13 million euros with the warranty of Sace (see here a previous post by BeBeez). The facility is part of the bank’s ESG Linked Loan programme Futuro Sociale.
Younited, a French lending platform for European SMEs, signed a long-term agreement with Citi for asset-backed financing (see here a previous post by BeBeez). A securitization vehicle of Citi will subscribe abs partly paid notes after having acquired the loans that Younited will provide in Italy. Younited’s GMV (Gross Merchandise Value) amounts to 2 billion euros.
Alba Leasing, a firm that belongs to Banco BPM, BPER Banca, Banca Popolare di Sondrio, and Crédit Agricole Italia, carried on the securitization of a 1.24 billion SMEs credits through Alba 13 spv (see here a previous post by BeBeez). The vehicle issued abs notes maturing in December 2042: Class A1 of 522.6 million, Class A2 of 261.3 million (AAA rating from DBRS Ratings and Scope Ratings and Aa3 from Moody’s) and Class B of 267.7 million (A rating from DBRS, BBB+ from Scope and Ba1 from Moody’s). The unrated junior notes are worth 196.4 million. Cassa Depositi e Prestiti, Intesa Sanpaolo, Banco BPM, and Société Générale purchased the Class A1 notes. Alba attracted 260 million from CDP and will invest such resources in providing leasing facilities to SMEs. The European Investment Bank paid 460 million (30 million through the European Investment Fund) for the senior and mezzanine notes.
TPER (Trasporto Passeggeri Emilia-Romagna), the public transport manager for Bologna, Ferrara, Modena, and Ravenna, received from Banco BPM a financing facility of 12 million euros with SACE’s warranty for 80% of the item (see here a previous post by BeBeez). TPER will invest such resources in acquiring two electric trains. TPER has sales of 218.2 million, an ebitda of minus 25.6 million, a net financial debt of 45.9 million, and equity of 171.9 million.
Haiki+, a subholding of Milan-listed energy efficiency company Innovatec, received from Ver Capital a direct lending facility of 10 million euros with the warranty of SACE (see here a previous post by BeBeez). Ethica Group assisted the borrower. Ver Capital retained Legance. The amortizing loan will mature in 2028. The company will invest such proceeds in its circular economy business unit.
Pasolini Luigi, an Italian player in the field of point of retail and fashion retail sale set-up, placed a minibond of 1.5 million euros on Fundera and is working on another issuance of the same amount (see here a previous post by BeBeez). Frigiolini & Partners Merchant is acting as arranger. The placed bond will mature in June 2029 and MCC provided a warranty of 80%. The coupon is of 6MEuribor plus 290 bps. The company belongs to Giacomo Pasolini (40%), Pierpaolo Pasolini (40%) and Athena Financial Advisory (20%), a firm that belongs to Francesco Gitti and Gianfranco Ricca (cfo of Pasolini Luigi).
Ansaldo Energia, an industrial company of which CDP Equity has 88.3%, carried on a buyback of bonds for 163.2 million euros (see here a previous post by BeBeez). On 21 June, Wednesday, the company made a buyback offer of 220 million for its 350 million bond maturing on 31 May 2024. Chiomenti assisted Ansaldo Energia, Allen & Overy assisted the dealer managers BNP Paribas, Intesa Sanpaolo and UniCredit.
