Dutch candies producer Perfetti Van Melle BV received mid and long-term revolving lines worth 600 million euros from a pool of 10 banks that BNP Paribas led (see here a previous post by BeBeez). Linklaters advised Perfetti which will invest such proceeds in financing the acquisition of Mondelēz International‘s chewing gum units in USA, Canada and Europa. The buyer announced such a transaction in December 2022 on the ground of an enterprise value of 1.35 billion US Dollars or 15X ebitda and received legal assistance from Herbert Smith Freehills. Perfetti Van Melle belongs to Augusto Perfetti and Giorgio Perfetti.
Itelyum Regeneration, a firm active in the sector of industrial waste recycling that belongs to Stirling Square and DBAG, received a 30 million euros worth sustainability-linked revolving credit line from illimity Bank (90% warranty from SACE), and a factoring facility of 10 million (see here a previous post by BeBeez). Itelyum will invest such proceeds in its organic growth and the implementation of ESG strategies. Itelyum has sales of 570.1 million and an adjusted ebitda of 105.5 million. Marco Codognola is the ceo of Itelyum.
DigitalPlatforms (DP), an Italian Internet of Things and cybesecurity company of which LaCambre Sicav RAIF owns 89.93%, attracted resources of 15 million euros from Anthilia Capital Partners (see here a previous post by BeBeez). The company also received the Golden Power authorization for raising a total of 16.5 million (5 million equity, 10 million debt from Anthilia, and a 1.5 million convertible bond that SIP – Società Italiana Partecipazioni and Smart Capital subscribed). DP has sales of 70 million and an above 11 million ebitda and will invest the raised proceeds in its organic development.
Retex, a service provider for the retail, fashion and luxury sectors, issued a 6-years 5 million euros bond as part of the Tech Basket Bond (TBB) programme of Cassa Depositi e Prestiti (CDP), Mediocredito Centrale (MCC) and Equita (see here a previous post by BeBeez). The company will invest the raised proceeds in its organic growth. Earlier in July, Digital360 joined the programme and issued a6-years bond of 8 million. SPV Project 2206 acquired the bonds and issued abs notes that CDP and Mediocredito Centrale subscribed. TBB aims to invest 100 million and issue unsecured bonds of up to 6 years with flat repayments. Dentons Europe assisted Equita, CDP and MCC. Retex belongs to Fausto Caprini (ceo) and the managers (69.13%), Alkemia (15.82%), Erredierre (3.41%), and other minority investors. The company has sales of 86.1 million, an ebitda of 3.6 million and net debts of 21.3 million.
Self Business Group (SBG), a consulting firm for asset and credit management that Alessandro Santoro founded, carried on a securitization of credits with the Italian Government worth 12 million euros (see here a previous post by BeBeez). Sofia SPV financed the transaction through the issuance of partly paid notes. EY acted as legal advsor, Centotrenta Servicing as corporate servicer, calculation agent and master servicer. Banca del Fucino acted as account bank and paying agent .
