Milan-listed Banco BPM closed the first of the three tranches that scheduled for a securitization programme for real estate assets that announced in September 2024 (see here a previous post by BeBeez). The securitization involves a portfolio of more than 330 real estate assets with a 295 million book value. Zenith Global, the credit servicer of UK’s Arrow Global, set the vehicle that attracted a senior credit facilty of up to 260 million from Banca BPM and issued mezzanine and junior partly-paid notes that SPF Investment Management and Phoenix Asset Management (PAM – a company of which PIMCO and the founder Steve Lennon have a stake) acquired. PAM also acts as real-estate asset manager. Umberto Rasori is the ceo of Zenith Global.
Milan-listed real estate developer and alternative assets manager Borgosesia aims to raise 30 million euros for carrying on a securitization through BGS Securities (see here a previous post by BeBeez). The transaction is part of Basket Loans Program which has a total fundraising target of 100 million to invest in NPEs coming from special situation & opportunities, bonds, mezzanine financing facilities, or bridge loans. Borgosesia aims to have asset under management worth 240 million.
Unicalce, an Italian manufacturer of chemical products for the construction industry, attracted a 10 million euros financing facility from Intesa SanPaolo (see here a previous post by BeBeez). SACE provided a warranty for such loan that Unicalce will invest in its ESG strategy. The borrower has sales of 201.1 million, an ebitda of 42.9 million and net cash of 2.3 million. Luca Negri is the coo of Unicalce.
Riello Investimenti said to BeBeez that it subscribed to a 5 million euros bond that CO-VER Power Technology issued for financing M&A transactions and organic growth (see here a previous post by BeBeez). Gianni&Origoni assisted Riello while AFPC advised CO-VER and Loan Agency Services acted as issuing and calculation agent. Alberto Lampertico is the investment director private Debt of Riello Investimenti.
Industrie Saleri Italo, an Italian industrial company that belongs to the eponymous family and Quaestio Capital, received a direct lending facility of 3.5 million euros from Fondo Azimut Diversified Corporate Credit ESG-8 SCSp RAIF (see here a previous post by BeBeez). Azimut Direct provided origination suppor for the deal. Quaestio Capital acquired 26.6% of Saleri in 2018 and later raised such a stake to 45.01%. The company has sales of 135.9 million, an ebitda of 4.8 million, a net financial debt of 43.3 millioni, and equity of 61 million. Francesco Italo Saleri is the chairman of Industrie Saleri Italo that will invest such loan in its international expansion and R&D.
