McLaren Applied, a portfolio company of Greybull Capital, received assistance from Gianni&Origoni and KPMG Advisory for acquiring the troubled Italian producer of inverters for phtovoltaic panels Fimer for 26 million euros (see here a previous post by BeBeez). Italy’s MIMIT-Ministry of corporates and made in Italy gave its approval for McLaren Applied 30 million investment plans. Luisa Melara & Partners Law Firm advised Fimer for which Maurizio Ascione Ciccarelli, Eugenio D’Amico and Gerardo Losito acted as extraordinary administrators.
Banca Valsabbina’s Valsabbina SME 4 SPV carried on a securitization of unsecured debts and mortgages worth 475 million (see here a previous post by BeBeez). The securitization structure has a two-years revolving period during which the spv will be able to buy from Banca Valsabbina further credits and finance the transactions with the proceeds it fetched out of the notes it previously sold. The bank will sell to Valsabbina SME4 SPV further credits for a total of up 1.1 billion. The vehicle issued partly paid asset backed Milan-listed senior notes of 802.3 million (rating of A1 (sf) from Moody’s and A(sf) DBRS) and a junior tranche of 296.7 million. Bird & Bird acted as transaction legal counsel.
