Marcegaglia Steel, the industrial holding of Marcegaglia Group, signed a 66.8 million euros financing agreement with Banca Monte dei Paschi di Siena for which SACE provided a warranty (see here a previous post by BeBeez). The company will invest the proceeds in green initiatives. Gianni & Origoni assisted Marcegaglia Steel. Advant NCTM advised the lender and Sace. Marcegaglia has revenues of 8 billion, an ebitda of 672.6 million and a net financial debt of 186.4 million.
GreenGo raised an equity bridge facility for up to 15 million euros from Eiffel Essentiel, a French private equity investor in energy transition deals (see here a previous post by BeBeez). Watson Farley & Williams assisted GreenGo while Eiffel retained SquirePatton Bogs. In 2020, Eiffel Essentiel acquired 13.8% of GreenGo for 7 million.
Snaidero, an Italian design kitchen producer, attracted 15 million euros from its main shareholders IDeA Corporate Credit Recovery (part of DeA Capital Alternative Funds) and AMCO, and Invitalia (see here a previous post by BeBeez). Vincenzo Manganelli heads IDeA Corporate Credit Recovery that acquired 72.64% of Snaidero in 2018 through the subscription of a capital increase. The company also belongs to Edi Snaidero (1.64%), Silvia Snaidero (1.64%), AMCO (12.36%), and Finsnaidero (11.72%). Idea acquired from UniCredit, Mediocredito, Mps, Banco Bpm, and Bnl BnpParibas 65% of face value of the company’s debt.
Riso Scotti, an Italian rice producer, received a 5-years 7 million euros loan from Unicredit, with the support of the resources of the European Investment Bank (EIB) and the warranty of SACE (see here a previous post by BeBeez). The facility is part of the lender’s programme “Futuro Sostenibile (Sustainable Future)” for companies that aim to implement ESG strategies and reduce their CO2 emissions. Riso Scotti belongs to Dario Scotti (chairman – 50.76%), Glorenza Maria Boneschi (9.24%) and Madrid-listed peer Ebro Foods (40%). The company has sales of 313 million, net sales of 299 million, an ebitda of 12.5 million, and net financial debt of 30.9 million.
Sustainable Securities Fund (SSF), part of Alternative Capital Partners invested up to 5.1 million euros in the debt and the equity of Società Agricola Biore01, the owner of a 1MW biogas plant (see here a previous post by BeBeez). The company will invest such proceeds in increasing the power of the plant and in reconverting it for the production of agricoltural biomethane. Biore01 has sales of 2.2 million, an ebitda of 0.537 million, a net financial debt of 1.7 million, and equity of 1.8 million.
RM Multimedia, a provider of technology for events and theatres , issued a 3.5 million euros sustainability-linked minibond that Unicredit subscribed (see here a previous post by BeBeez). The company will pay a lower interest upon the improvement of its ESG score ESG that Cerved Rating Agency will certify. RM has sales of 17 million, an ebitda of 3.2 million and a net financial debt of 4 million. The business belongs to Andrea Bartolini (49.5%), Emma Bartolini (49.5%) and purchase manager Violeta Paula Poroliseanu (1%).
Crédit Agricole Italia and BlockInvest signed a partnership for the blockchain-based tokenization of bonds and minibonds (see here a previous post by BeBeez). BlockInvest belongs to RealHouse, an Italian fintech startup that Lorenzo Rigatti (ceo), Massimo Calogiuri, Alfredo Malgrati, Fabrizio Ciciani, Fabio Pacchioni, Davide Baldi, and Rossano Petrucci founded and that in 2021 attracted the investment of Crédit Agricole Italia and joined the bank’s open innovation hub Le Village by CA Milano. Andrea Riva is the Head of Area Capital Market and Open Innovation of Crédit Agricole Italia.
