CVC Capital Partners switched its stake in Italian e-learning pole Multiversity to a single asset vehicle throuhg a GP-led secondary transaction (see here a previous post by BeBeez). Lazard and Morgan Stanley advised CVC that will pour further equity resources in Multiversity. The company also attracted debt facilities worth one billion euros from Morgan Stanley, Goldman Sachs, Bank of America Corp, Deutsche Bank AG, CVC Capital Markets, UniCredit, BNP Paribas, and Crédit Agricole. Multiversity will issue a bond for refinancing such a liability.
ION, a diversified fintech and data management company that Andrea Pignataro founded, issued a 400 million US Dollars bond through its subsidiary Helios Software Holdings and a 300 million euros bond through Luxembourg’s Ion Corporate (see here a previous post by BeBeez). Both the issuances should mature in 2029, press reports said. ION said that it will invest such proceeds in refinancing part of its 10 billion US Dollars debt.
Chiron Energy SPV 16, a subsidiary of Chiron Energy Capital (a renewable energy firm that belongs to the Pesaresi Family), received a green loan project financing facility of 30 million euros from UniCredit and BPER with the warranty of SACE (see here a previous post by BeBeez). Legance – Avvocati Associati, EOS Consulting, AON, and Deloitte assisted the lenders. Such a “Green Loan Principles” – compliant facility received the resources of the European Investmant Bank – EIB. Chiron will invest such resources in the development of five plants in Italy.
Unicredit and Mediocredito Centrale (MCC) launched Basket Bond Made in Italy, a programme 100 million euros worth for supporting the development plans of Italian SMEs (see here a previous post by BeBeez). The Italian Ministry of Made in Italy will provide a warranty for 80% on the first loss on each bond that Unicredit and MCC will subscribe and for 25% of the portfolio value, as BeBeez reported earlier in February. B. For Pet, a B-corp, already joined the programme with a 2 million issuance. Remo Taricani is the Deputy Head of Unicredit Italy while Alessandro Mallo leads the bank’s minibond department. Francesco Minotti is the ceo of MCC.. Further companies that joined the programme are Noleggio Energia (2 million issuance); MAGIC MP (3.5 million); CEP Europe (2 million); CrippaCampeggio (3.75 million); Fanfani (2.3 million); Cida (2 million); and Alto Lago (2.5 million).
Sapori Artigianali, an Italian food company that owns the brands ODS Sweet Hotel & Restaurant and ODSstore and operates in Italy with the franchising brand KFC, issued a 3 million euros minibond maturing in 72 months with the warrany of Medio Credito Centrale (see here a previous post by BeBeez). Banca Valsabbina subscribed the issuance that will support the firm’s organic growth. Sapori artigianali received assistance from Italfinance, Studio LX 20 and Cdr Tax & Legal. Mauro Tiberti founded the company in 2014.
Italian shipping company Augusta (fka Rimorchiatori Augusta), part of Rimorchiatori Mediterranei, received from Unicredit a financing facility for purchasing the Italian-flagged tugboat Ortigia (see here a previous post by BeBeez). Watson Farley & Williams assisted the lender. Turkish shipyards Sanmar Denizcilik Ve Makina Ticaret built the tugboat. Augusta has sales of 45.8 million euros, an ebitda of 22.4 million and a net financial debt of 4.3 million. Rimorchiatori Mediterranei has a turnover of 159.6 million, an ebitda of 63.2 million and a net financial debt of 199.9 million.
Algebris Green Transition Fund (AGTF) attracted further commitments of 60 million euros for total resources in the region of 320 million, above the 300 million target to achieve by July 2024 (see here a previous post by BeBeez). AGTF will invest in the following sectors: energy transition, circular economy, smart cities, and agritech.
