US renewable energy company Enfinity Global, a portfolio asset of Icg since 2023, attracted a 500 million euros financing facility from a club deal of Infranity, Schroders Capital, Rivage, BNP Paribas Asset Management, and QIC (Queensland Investment Corporation) for developing Italian plants with a power of 1.5 GW (see here a previous post by BeBeez). The lenders, signed an accordion feature option with Enfinity that may allow the company to raise up to 800 million. Akereos and Milbank assisted the borrower. Ashurst advised the club deal. Carlos Domenech is the ceo of Enfinity Global while Ricardo Diaz is the company’s ceo Americas and global head of capital.
Circet Italia, the Italian subsidiary of French TMT Circet (a portfolio company of Intermediate Capital Group – ICG since 2021), attracted an ESG Linked facility of 10 million euros from Crédit Agricole Italia (see here a previous post by BeBeez). Circet Italia will invest such proceeds in its organic development while Crédit Agricole will charge the borrower less interest expenses upon the achievement of ESG targets. Circet Italia has sales in the region of 500 million, an ebitda of 65 million and net cash of 7.2 million.
Tikehau Capital Partners financed the majority acquisition of Cebat from Oaktree Capital Management with the private placement issuance of a bond worth 84 million euros that Pemberton Asset Management purchased (see here a previous post by BeBeez). Fineurop Soditic acted as financial advisor for the transaction. PedersoliGattai assisted Tikehau Capital while Clifford Chance supported Pemberton Asset Management and the agent Banca Finanziaria Internazionale. Cebat is an Italian provider of infrastructural services that has revenues of 201.5 million, an ebitda of 24.1 million and a net financial debt of 10.7 million.
Renexia, a renewable energy company that belongs to Toto Holding, refinanced for 52 million euros a 34.65MW wind farm in the Southern Italian region of Campani, sources said to BeBeez (see here a previous post by BeBeez). Natixis Investment Managers CIB and Société Générale provided Renexia with such resources with a green loan and received assistance from Bird & Bird and Milano Notai. Renexia will invest these proceeds in the farm development and in repaying a Milan-listed green project bond bond of 49.1 million that Foresight Italian Green Bond Fund acquired.
IVPC Power 10, part of Italian renewable energy company Gruppo Vigorito, received from Banco BPM a financing facility of 14.7 million euros for supporting the development of a wind farm in Aquilonia e Bisaccia (Avellino area) (see here a previous post by BeBeez).
Società Agricola Cerioli Primo di Cerioli Alex e C, the owner of four agribusiness firms, attracted a ten years unsecured 5 million euros financing facility from Unicredit‘s Plafond BEI Green programme (see here a previous post by BeBeez). The bank also provided the company with a 1.4 million bullet credit line with a tenure of 18 months that is an advance payment of NRRP funds. The company will invest such resources in imporving its sustainability.
Bibione Mare, a camping company, issued a minibond of 3 million euros maturing in 2030 with a floating rate coupon of 300bps on top of 6M Euribor and a warranty of Fondo Di Garanzia PMI for 80% of the amount (see here a previous post by BeBeez). Veneto Sviluppo, anchor investor, and BCC Pordenonese e Monsile subscribed the bond that Bibione Mare placed on crowdfunding portal Fundera, part of Frigiolini & Partners Merchant. Banca di Asti and Cofidi Veneto supported the issuance. Bibione Mare belongs to the Sartori Family and has sales of 26.4 million, an ebtida of 6.9 million and a net financiel debt of 5 million. Bruno Sartori, the company’s ceo, said that the company will invest such proceeds in its organic development and that it’s going to carry on further issuances.
Ottobre 23, an investment holding of Maddalena Bellante (74.8%) and other minority owners, issued a Vienna-listed 1.8 million euros convertible bond maturing on 7 August 2025 with a 14% coupon (see here a previous post by BeBeez). The holding will invest such proceeds in raising to 93% its current 54% stake in Electrodeal, a producer of electronic components. Tanlo (a vehicle of which Francesca Borri has 76% and the Nardello Family 24%) has 4.4% of Ottobre 23 and the remaining stake in Electrodeal. Rewind, MIT sim and Gianni & Origoni supported Ottobre 23.
