Gruppo Poggipolini, an Italian producer of industrial component that belongs to the eponymous family and Cherry Bay Capital, attracted a 5 million euros equity investment from SIMEST, part of Cassa Depositi e Prestiti (see here a previous post by BeBeez).The company will invest such resources in financing the acquisition of US competitor HPF – Houston Precision Fasteners. Michele Poggipolini heads the company which has sales of above 40 million and an ebitda of more than 10 million.
Napoleon Abrasives, an Italian producer of flexible abrasive materials, issued a 6-years 1.5 million euros minibond with the warranty of Medio Credito Centrale (MCC) for financing its organic growth and reorganization (see here a previous post by BeBeez). Banca Valsabbina subscribed to the bond. Studio LX 20 acted as legal advisor for the transaction. Napoleon Abrasives retained Studio ALMA and Unistudio Advisory. Michele Gottardelli is the ceo of Napoleon Abrasives which has sales of 18.5 million, an ebitda of 0.65 million and a net financial debt of 4.2 million.
Francesco Piovanelli, the head of private capital at Milan-listed illimity, said to BeBeez that illimity Selective Credit (ISC), a private debt fund born in 2023 that attracted the anchor investment of Fondo Italiano d’Investimento, raised resources in the region of 91 million euros and invested half of them in lending transactions (see here a previous post by BeBeez). Piovanelli said that ISC may close its fundraising earlier than scheduled and added that the vehicle is focusing on supporting private equity deals.
Fondo Italiano d’Investimento appointed as Luigi Tommasini as Head of Strategic Initiatives (see here a previous post by BeBeez). Tommasini will also keep his roles as head of Funds of Funds and co-head of co-investments.
