Save the date! On 20 November, Wednesday, at 11 AMA BeBeez and illimity Bank will hold a roundtable for discussing about structured finance for SMEs at Four Seasons’ Hotel Milano, Via del Gesù 4. Click here for booking
Scalapay, an Italian scaleup fintech for the Buy-Now-Pay-Later (BNPL) sector, said it signed an agreement with BNP Paribas which committed to provide financing facilities of up to 3 billion euros in the next two and a half years through a securitization of credits (see here a previous post by BeBeez). Augusta spv issued asset-backed partly paid senior (BNP subscribed them) and junior notes (Scalapay). Earlier in 2023, Massimiliano Sinagra, the treasurer of Scalapay, said to BeBeez Magazine that the company was mulling for such a transaction. See here the notes of Scalapay IP financials available for the subscribers to BeBeez News Premium. Scalapay has a turnover of 15.6 million euros with an ebitda of minus 16.8 million, net cash of 34.6 million and equity of 101 million.
Unifiber, a joint venture that Milan-listed TMT and IoT Unidata and Luxembourg’s Connecting Europe Broadband Fund (CEBF) (part of Cube Infrastructure Managers) signed in 2020, received a 10 million euros ESG-linked financing facility with a 10 years tenure from Unicredit (see here a previous post by BeBeez). The company will invest such resources in the development of a FTTH (Fiber to the Home) end-to-end network in Latium region. SACE provided a warranty for 7.15 million of such financing. Marcello Vispi is the ceo of Unifiber.
Surano Enegan Engineering (SEE), a Florence-based utility that is part of Gruppo Enegan, received a 9 million euros facility from Crédit Agricole Leasing Italia, part of Gruppo Crédit Agricole Italia (see here a previous post by BeBeez). SEE will invest such proceeds in the development of a photovoltaic plant in the area of Lecce, South of Italy. Gruppo Enegan has sales of 514 million, an ebitda of 30.7 million and net debts of 42 million.
Gruppo Orion, a platform company for the environmental engineering that Xenon created, received a 2 million euros financing facility from Anthilia Capital Partners in support of the acquisition of Italian competitor IA (see here a previous post by BeBeez). Orion received assistance from Ethica Group. Anthilia retained ADVANT Nctm while LCA advised Xenon. Orion received a total of 15.5 million from Anthilia. Francesco Leone and Gianluca Perrone sold IA.Ing which has sales of 2.5 million, an ebitda in the region of 0.26 million and net cash of 0.170 million
Univet, an I talian provider of support items for dentists, attracted a 60-months 2 million euros financing facility from Mediocredito Centrale with the warranty of Fondo di Garanzia PMI for 80% of the amount (see here a previous post by BeBeez). The borrower has sales of 11.3 million, an ebitda of 0.88 million and a net financial debt of 1.9 million.
Arrow Global received from UniCredit and Banco BPM a financing facility of undisclosed amount (see here a previous post by BeBeez). Arrow Global retained Legance, while Dentons assisted the lenders. The borrower will invest these resources in the development of hospitality projects. Donato Piscuoglio is the head of real estate at Arrow Global Italy.
Milan Court appointed Donato Maria Pezzuto as judicial administrator for Banca Progetto, a bank that earlier in September Oaktree Capital Management sold to Centerbridge Partners and that is facing money laundering allegations (see here a previous post by BeBeez). The bank’s ceo Paolo Fiorentino will work with Pezzuto for writing a relation to deliver to the Court by 25 February 2025. Milan Court is investigating about nine financing facilities with the warranty of MCC. Fiorentino also said that he appointed a task force for assessing the internal compliance.
