Clessidra Factoring, a subsidiary of Clessidra Holding (part of Italmobiliare) that invests in performing credits of SMEs in special situation, started a securitization for a portfolio of 150 million euros (see here a previous post by BeBeez). CleFa SPV will sell the credits and issue senior and junior notes. Intesa SanPaolo‘s conduit vehicle Duomo Funding plc will acquire the variable funding-senior tranche while Clessidra Factoring will invest in the partly paid – junior tranche. Banca Finint acted as financial advisor of Clessidra Factoring. BonelliErede assisted Intesa SanPaolo. Clessidra Factoring retained Chiomenti. Keoma Garbillo is the cfo of Clessidra Factoring.
Sources said to BeBeez that Siram Veolia sold more than 40 million euros worth energy tax credits to an undisclosed Italian bank and a gas distributor (see here a previous post by BeBeez). Milan-based accountancy firm Christian Dominici assisted Siram Veolia.
Edra, an Italian publisher for scientific and professional subjects, attracted direct lending facilities and hybrid instruments worth a total of 7 million euros from Anthilia GAP (see here a previous post by BeBeez). KNG Securities and DLA Piper advised Anthilia. Edra has sales of 66.3 million, an ebitda of 7.8 million and a net financial debt of 26.2 million. The company will invest such proceeds in its domestic and international growth as well as in m&a transactions. Giorgio Albonetti is the ceo of Edra. Anthilia will appoint a director in company’s governance board. Barbara Ellero is theHead of Private Debt of Anthilia Capital Partners.
Milan-listed Igd – Immobiliare Grande Distribuzione Siiq is going to issue an up to 400 million euros senior non-subordinated and non convertible bond that only institutional investor may subscribe (see here a previous post by BeBeez). The bond will mature on 28 November 2024 (ISIN XS2084425466). The company will invest such proceeds in refinancing its maturities.
