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Gruppo Società Gas Rimini (SGR), an Italian energy company, attracted an ESG linked financing facility of 30 million euros from Crédit Agricole Italia (see here a previous post by BeBeez). The borrower has sales of 731 million, an ebitda of 70.5 million and a net financial debt of 411 million.
SITC, an Italian tourism operator, received a 30 million euros financing facility from a pool of 8 banks that Cassa Centrale Banca headed (see here a previous post by BeBeez). The company will invest such proceeds in supporting half of the expenses for the construction of Campitello – Col Rodella Cable Car. The other lenders are FPB Cassa di Fassa Primiero Belluno, Cassa Rurale Val di Fiemme, Banca per il Trentino-Alto Adige, Cassa Rurale Alta Valsugana, Cassa Rurale Val di Non, Cassa Centrale Raiffeisen, Mediocredito Trentino-Alto Adige, and Banca Popolare dell’Alto Adige Volksbank.
CAPA Cologna (Cooperativa Assistenza Produttori Agricoli), an Italian agrifood firm, issued a 6.5 million euros tranche of 7-years minibond of 8 million that Banca Sella (4 million) and CDP (2.5 million) subscribed (see here a previous post by BeBeez). Sella Investment Banking assisted CAPA Cologna which will invest such resources in its core business. The company has sales of 86.3 million, an ebitda of 3.3 million and a net financial debt of 24.4 million. Vincenzo Paolo Carbonara is the head of alternative finance of CDP while Graziano Novello is the Head of Private Debt at Sella Investment Banking.
Italian renewable energy company vexuvo issued a 2-years convertible bond of 1 million euros for supporting its organic growth (see here a previous post by BeBeez). Banca Patrimoni Sella & C. acquired the bond. FF Ventures and Holdings has 25% of vexuvo while 75% belongs to Greenergy Group. The issuer has sales of 1.2 million, an ebitda of minus 0.031 million, net cash in the region of 0.8 million, and equity of 0.11 million. Marco Mangani is the cfo of Banca Patrimoni Sella & C.
Milan-listed Azimut and its advisor Bank of America are in exclusive negotiations with FSI, the firm that Maurizio Tamagnini heads, for selling the majority of the newco AZI First ahead of the launch of The New Bank (TNB) by 2Q25 (see here a previous post by BeBeez). Pietro Giuliani, Azimut’s chairman, said that TNB will be worth 1.8 – 2.2 billion euros and will list on Milan market. Previous press reports said that Azimut is mulling for acquiring some activity of Milan-listed illimity bank.
