Tages Capital acquired a portfolio of Italian photovoltaic plants with a power of 38.1 MW from German independent power producer (IPP) Clere and completed the purchase of Global Solar Fund‘s 122.7 MWp portfolio for 403 million euros (see here a previous post by BeBeez). Tages refinanced its assets witha 563 million euros green loan from Intesa SanPaolo, BBVA, Banco BPM, BNP Paribas, Crédit Agricole CIB, and Société Générale, market rumours say. Daniele Spada is the coo of Tages Capital which raised 330 million for photovoltaic plants investor Tages Net Zero ahead of a target of 750 million.
Italian distribution network 2i Rete Gas, a portfolio company of F2i (63.9%) and of APG Asset Management – Ardian, received a sustainability-linked banking revolving facility of 200 million euros for refinancing part of its debt (see here a previous post by BeBeez). Clifford Chance assisted the lenders.
BIP, an Italian strategic management consultancy firm that belongs to CVC Capital Partners since 2021, carried on the private placement of a 70 million euros senior secured floating rate bond maturing in 2031 (see here a previous post by BeBeez). BNP Paribas acted as placement agent and retained A&O Shearman while Latham & Watkins and Studio Legale Tributario Facchini Rossi Michelutti assisted BIP for which Alberto Idone acts as ceo. The company will invest such resources in reapying a revolving credit line.
UniCredit provided Italian healthcare firm Fondazione Policlinico Universitario Agostino Gemelli IRCCS a 7-years social impact financing facility of 30 million euros with the warranty of SACE (see here a previous post by BeBeez). Such resources will support the development of new clinics for Rome’s Policlinico Gemelli. The facility is part of 10 billion programme UniCredit per l’Italia that allocated 500 million for the no-profit sector.
Italian food company Pastificio Liguori received a 10 million euros financing facility from Banco BPM with the warranty of SACE (see here a previous post by BeBeez). The company will invest such proceeds in the development of a 10 MGW photovoltaic plant. Pastificio Liguori belongs to Rachele Arpaia (57.47%) and to HDP Casillo (42.53%) a vehicle of which Salvatore Casillo is the chairman and Aurora Casillo, Mariachiara Casillo and Pasquale Casillo have 30% each while SGP has 10%. Pastificio Liguori has sales of 81 million, an ebitda of 3.1 million and net cash of 1.6 million.
