Aquileia Capital Services (ACS), a company of Bain Capital Credit, will manage a portfolio or 120 million euros worth real estate assets collaterals of non performing leasing contracts for UniCredit (see here a previous post by BeBeez). ACS will act as special servicer and manage the assets. Danilo Augugliaro is the ceo and coo of Aquileia Capital Services.
Trieste Court accepted the receivership proposals of Italian contractor Cimolai and Luigi Cimolai Holding ahead of the implementation of a restructuring plan (see here a previous post by BeBeez). The Cimolai Family poured 10 million euros for supporting the business through the subscription to a capital increase of 3.1 million for Cimolai holding and 5.4 million for Cimolai. Earlier in July, the company signed an agreement with SACE for extending the maturities.
Rimond and Invitalia may carry on a white knight deal for supporting Italian construction company CMC (Cooperativa Muratori e Cementisti) (see here a previous post by BeBeez). Rimond is an international contractor that Giuseppe Antonio Chiarandà founded and that may create a newco for taking over the assets and orders of CMC that are worth 1.015 billion euros. Rimond may pour cash for 10-15 million while Invitalia would invest a further 30 million. Rimond Engineering, Procurement and Construction Management belongs to Giuseppe Antonio Chiarandà (60%), Fabrizio Antonio Chiarandà (20%), Edoardo Berti Riboli (15%), and Omer Mert CEK (5%). The company has sales of 3 million, an ebitda of 36,000 euros, net cash of 1.6 million and equity of 8.1 million. Such financial cast doubts about the company’s capability for carrying on such a deal.
Femi, an Italian producre of industrial tools, and its 93.46% shareholder Cometa (the holding of Maurizio Casanova), reached an agreement with Kerdos spv, FINN spv (for which Prelios Credit Servicing and Intrum Italy act as respective servicers) and its creditors (see here a previous post by BeBeez and here the restructuring plan available for the subscribers to BeBeez News Premium and BeBeez Private Data). FINN acquired the credits from Banco Desio. Kerdos purchased the liabilities from Intesa SanPaolo. Femi will convert in equity a bond of 0.8 million euros that Sofir Fiduciaria acquired from Finese. The company will also sell to Danfoss for 6.35 million a real estate asset that the buyer is currently leasing and extend the maturity of its long-term liabilities. Femi will invest the proceeds in repaying 5 million to Kerdos, a long-term debt with Banco BPM and the remboursement of 50% of a mid-long term debt with FINN. The company will also pay an extraordinary dividend to Cometa and minority owner Paolo Lagazzi. Femi and Cometa retained Pirola Pennuto Zei & Associati, Bonora Cavazza and Studio Sassi-Sartoni Galloni. The creditors appointed K&L Gates. Studio La Croce acted as attestor.
