Suning, the owner of Italian football club Inter-FC Internazionale Milano, is hoding talks with an undisclosed British investor for refinancing the outstanding three-years 275 million euros 12% rate financing facility with Oaktree, part of Brookfield Asset Management, that will expire on 20 May, Monday (see here a previous post by BeBeez). Zhang aims to borrow a 400 million facility with a three years tenure with the same interest rate. Press reports said that Inter Milan attracted the interest of a Saudi Arabia investor on the ground of an enterprise value of 1.2 billion. Goldman Sachs and Raine are advising Suning for such a sale.
On 12 April, Friday, Cherry Bank, an Italian investor in NPEs that Giovanni Bossi controls, said it acquired 9.6% of Banca Macerata and become its main shareholder (see here a previous post by BeBeez). This acquisition is part of Cherry’s strategic plan for increasing its operativity through M&A and partnership with local banks.
MEDVIDA Partners, a Spanish insurer that belongs to Elliott Management through Ember Capital, aims to implement a long term private credit strategy, managing director Jaime Kirkpatrick said on the sidelines of “Moving Beyond Bonds”, a conference that Stefania Peveraro, the Editor in Chief of BeBeez moderated (see here a previous post by BeBeez). Francesco Fiumanò is Italy’s country manager of MEVIDA.
Italian independent corporate finance advisor Vitale appointed Goffredo Guizzardi as senior advisor for its debt department (see here a previous post by BeBeez). Guizzardi previously headed Unicredit‘s global team for business finance & advisory.
EY appointed Stefania Boschetti as ceo for its Italian unit (see here a previous post by BeBeez). Boschetti replaced Massimo Antonelli that will remain in EY as senior advisor.
