CA Auto Bank (fka FCA Bank) hired Allen & Overy as legal advisor for carrying on a securitization of a 1.42 billion euros worth car loand portfolio in compliance with the EU’s “Simple, Transparent and Standardised” (STS) rules (see here a previous post by BeBeez). Asset-Backed European Securitisation Transaction Twenty-two spv issued class A, B, C, D and E notes listed on Luxembourg market that received a rating da from S&P and Fitch while junior notes (Class M) are unlisted and unrated.
FITT, an Italian industrial company, received 70 million euros credit lines from Crédit Agricole Italia, UniCredit, BNL BNP Paribas, and CDP (see here a previous post by BeBeez). SACE provided a partial warranty for the facility that the company will invest in its expansion in USA and organic growth. The company must also achieve ESG-KPIs. Fitt has sales of above 300 million. Federico Cuman is the cfo of FITT.
Opyn, a fintech lending platform for SMEs, signed an agreement for loan programme of 300 million euros that Azimut, Natixis CIB and illimity will provide (see here a previous post by BeBeez). The platform belongs to Azimut, Banca Valsabbina, P101, and Gruppo Italmondo and carried on a securitization through the spv Anubi SPE where it will channell the up to 6 – years loans for which Fondo Centrale di Garanzia per le pmi will provide a warranty. The facilities will have a one year of preamortization and will be worth 0.1 – 1.5 million. Natixis CIB and illimity will buy senior notes for up to 270 million while Azimut will buy the mezzanine and junior facilities for up to 15 million each. Cardo AI will act as technology partner.
On 20 November, Monday, Banca Valsabbina said it acquired 4% of Anthilia Capital Partners through the subscription of a capital increase (see here a previous post by BeBeez). Anthilia Holding has 68.21% of the firm. Further shareholders are Banco di Desio e della Brianza (15% paid 4.6 million euros), PKB Privatbank (9.01%) and Cassa Lombarda (7.78%).
Milan-listed BF signed a commercial partnership with EcorNaturaSì, the Italian groceries chain for biological food ahead of subscribing to a 25 million euros capital increase (see here a previous post by BeBeez). BF will buy 11.27% of EcorNaturaSì. BF received assistance from Esiodo and L&C Consulting and Partners. BF will finance the transaction with the resources of a 299.2 million capital increase.
Italian dairy company Gruppo Auricchio received a mid-long term financing facility of 15 million euros from Intesa SanPaolo (10 million) and Crédit Agricole Italia (5 million) and a 5 million green loan from Unicredit, sources said to BeBeez (see here a previous post by BeBeez). SACE provided a warranty for 9 million of the Intesa SanPaolo loan. The company will invest such proceeds in the implementation of ESG strategies and in its international expansion.
Tregenplast, an Italian waste management firm, issued a 5-years minibond of 4 million euros that UniCredit subscribed and for which for which Fondo Centrale di Garanzia provided a warranty (see here a previous post by BeBeez). The company will ivnest such proceeds in the construction of a new plant. Tregenplast belongs to the Dicataldo Family and has sales of 31 million euros, an ebitda of 8.85 million and net cash of 2 million.
