Phinance Partners carried on a real estate securitization through Absolute RE spv that will issue asset-backed notes for up to 50 million euros (see here a previous post by BeBeez). Enrico Cantarelli founded and heads Phinance which will invest in the junior tranche of the notes. Guber Banca will buy the senior notes, while other investors will buy the mezzanine tranche. Phinance received assistance from DLA Piper.
On 14 May, Tuesday, Modena Court accepted the receivership application of Antress Industry, an Italian fashion retailer that owns the brand Manila Grace and that since 2023 belongs to Italian competitor Casillo agosto 2023 (see here a previous post by BeBeez). Gatti Pavesi Bianchi Ludovici, AGFM Advisory, AlixPartners, and Studio SR Consulting, White&Case, and Studio Franchini, Rinaldi & Associati advised the company. Andtress has sales of 32.8 million euros, an ebitda of minus one million, net losses of 2 million, a net financial debt of 19.2 million, and equity of 1.8 million. See here the company’s application for receivership available for the subscribers to BeBeez News Premium and BeBeez Private Data.
International management consulting firm AlixPartners appointed Franco Bernabè as senior advisor (see here a previous post by BeBeez). Bernabè will support the teams in charge m&a, private equity, corporate turnarounds. The manager previously worked as C-suite executive for Fiat, ENI, Telecom Italia, Rotschild Europe, and Nexi Group. Bernabé is the chairman of Acciaierie d’Italia, Finint Infrastructure and DRI D’Italia (part of Invitalia). Dario Duse is Italy Country Leader for AlixPartners while Stefano Aversa acts as Chairman EMEA and Global Vice-Chair.
