Guala Closures, a packaging company that belongs to Investindustrial, placed a 150 million euros bond maturing in 2029 for financing the acquisition of Greek competitor Astir Vitogiannis Bros (see here a previous post by BeBeez). The proceeds of such an issuance will also repay some debt of Astir. The bond has a price of 100,5%, pays a rate of 3M Euribor (0% floor) + 400 bps with a quarterly reset. Guala also received a multicurrency revolving line of 25 million (a total of 175 million). The company retained Chiomenti and Paul, Weiss, Rifkind, Wharton & Garrison. Latham & Watkins and Maisto e Associati assisted the banks.
Italian coffee producer Illycaffè, a firm that belongs to the Illy Family and Rhône Capital (20% since 2020) received a 124 million euros financing facility from BNL BNP Paribas, CDP, Intesa Sanpaolo, Mediobanca, and Rabobank for its ESG strategy (see here a previous post by BeBeez). The company received a 100 millio term loan and a revolving facility of 24 million that will mature in September 2027. The lenders will charge Illycaffè with lower interest upon the achievement of ESG targets. Dentons advised the banks, while Dla Piper assisted the company. Guido Strampelli is the cfo of Illycaffè.
FibreConnect, an Italian provider of broadband connection, received a 50 million euros financing facility from the European Investment Bank (EIB) (see here a previous post by BeBeez). The company will invest such proceeds in expanding its network. Giovanni Cialdino (CFO) and Renzo Ravaglia (ceo) founded FibreConnect.
Next Yacht Group (NYG) received from UniCredit a six-years 15 million euros financing facility with the warranty Garanzia Futuro – SACE for improving its ESG profile (see here a previous post by BeBeez). NYG has revenues of 75 million, an ebitda of 5.6 million and a net financial debt of 7.7 million. The company belongs to Austrian GB Invest Holding, a firm of Lorenzo Nesti.
Xenon FIDEC (Fondo Italiano per la Decarbonizzazione e l’Economia Circolare) said it acquired the majority of Italian industrial waste management company Orim from the Mancini Family with the support of a financing facility worth 11 million euros that Anthilia Capital Partners provided (see here a previous post by BeBeez). The resources will also finance investments for increasing the company’s production capability. Xenon retained EYand LCA while Advant NCTM assisted Anthilia. Orim has sales of 23.5 million and an ebitda of 3.2 million.
On 25 June, Tuesday, Milan-listed financial firm Tamburi Investment Partners (TIP) placed on the Italian exchange senior unsecured bonds of 290.5 million euros with a coupon of 4.625% and the option to increase the issuance to 350 million (see here a previous post by BeBeez). The bond will mature on 21 June 2029 with a call option from 21 June 2026. TIP received assistance from Equita and Banca Akros. TIP will invest such proceeds in its core business and in refinancing a 300 million bond maturing in December 2024 with a 2.5% coupon that issued in 2019.
Arcadia sold a 46.3% stake in Vision Group that acquired in 2014 (see here a previous post by BeBeez). Intermediate Capital Group (Icg) financed the ceo Marco Procacciante, the cfo Christian Tagliaferri and head of M&A Sergio Perris who retained CapM Advisors (M&A e Corporate Finance), Advant NCTM (legal), Deloitte (financial and tax due diligence), and Fineurop (debt advisor). ICG hired Proskauer Rose, Clifford Chance (legal), Alvarez & Marsal (financial due diligence), Alma LED (tax due diligence), EY (ESG and Tech DD), and PedersoliGattai (tax). In 2022, Vision Group posted sales of 155.9 million euros, an ebitda of 6.3 million and net debt of 27.1 million.
TeamSystem, an Italian provider of B2B digital solutions that belongs to Hellmann&Friedmann, HG Capital, Silverlake, ADIA, and Capital G, acquired 61% of Netfintech, the owner of Change Capital, an AI-based credit platform for SMEs (see here a previous post by BeBeez). TeamSystem retained KPMG and PedersoliGattai. REWIND assisted Change Capital which has sales of 2.2 million euros, an ebitda of 0.667 million and net cash in the region of 0.321 million.
