CAP, a subsidiary of Italian renewbale energy and industrial mechanic company Gruppo Undo, received a mid-long-term project financing facility of 114 million euros from Unicredit, BPER Banca, MCC, and MPS (see here a previous post by BeBeez). The company will invest such resources in the development of photovoltaic plants and the remodulation of the total debt. L&B Partners Financial Advisory and L&B Partners Avvocati Associati assisted Gruppo Undo. The lenders retained NCTM Advant, KIWA, BIT, Marsh, and KPMG.
Franco Tosi Meccanica (FTM), an Italian industrial company that belongs to the head firm Bruno Presezzi, received from Tecnimont (part of Milan-listed MAIRE) the appointment for building three compressors and will finance such a commitment with a mix of advance bonds, performance bonds and warranty bonds worth a total of 25 million euros that Banco BPM made available for 5 years (see here a previous post by BeBeez). SACE provided a warranty. FTM has sales of 50.3 million, an ebitda of 5.3 million and a net financial debt of 27.7 million.
Italian wine and leisure company Terra Moretti issued a Milan-listed sustainability-linked bond of 15 million euros with a tenure of 7 years that Cassa Depositi e Prestiti (7.5 million), Banca Sella (4 million) and Banca Valsabbina (3.5 million) subscribed while Sella Investment Banking acted as advisor (see here a previous post by BeBeez). The company will invest such proceeds in achieving Sustainability Performance Targets (SPTs) that Cerved Rating Agency will appraise. Terra Moretti belongs to Vittorio Moretti (52%), Mariella Bertazzoni (46.5%), Carmen Moretti (0.5%), Francesca Moretti (0.5%), and Valentina Moretti (0.5%). The company’s turnover is of 218.9 million, with an ebitda of 17.3 million, a net financial debt of 159 million, and equity of 156.2 million.
ORV Manufacturing Italia, an Italian producer of special fabric and of packaging materials that belongs to Gruppo Peruzzo Productions, attracted a 5 million euros financing facility from Cherry Bank while SACE Green provided a warranty for 80% of the borrowed amount (see here a previous post by BeBeez). The loan has a tenure of 8 years of which two are of preamortization. The company will invest such proceeds in the implementation of ESG strategies. ORV has sales of 84 million, an ebitda of 6.1 million and a net financial debt of 3.3 million.
Italian casual wear firm Original Marines received from UniCredit a 5-years ESG-linked financing facility of 5 million euros for which SACE provided a warranty (see here a previous post by BeBeez). The company will invest such resources in the implementation of ESG strategies. Antonio Di Vincenzo is the chairman of Original Marines which has sales of 185 million, an ebitda of 6 million and a net financial debt of 29 million.
Immobiliare Pictea, a real estate company that belongs to Milan-listed KME Group, received a financing facility of 13 million euros from Solution Bank (see here a previous post by BeBeez). The borrower will invest such proceeds in its organic growth.
Argos Wityu completed the sale of Fulgard, a provider of labor safety services and solutions, to Seven2 (fka Apax Partners) that will finance the transaction with the issuance of senior secured bonds that Partners Group and LGT Capital Partners will subscribe (see here a previous post by BeBeez). Fulgard will also invest the raised proceeds in refinancing a senior secured bond of 105 million in which BlackRock previously invested. A&O Shearman assisted Seven2. Partners Group and LGT Capital Partners received assistance from PedersoliGattai who also advised Noteholders’ Representative Banca Finint. BlackRock retained White & Case. Argos Wityu hired Giovannelli e Associati while Fulgard’s managers appointed Giliberti Triscornia e Associati.
Arcano Partners reached the first closing of 90 million euros for Arcano Private Debt II S.C.A. SICAV-RAIF ELTIF, a vehicle of which Cassa Depositi e Prestiti (CDP) and the European Investment Fund (EIF) are anchor investors (see here a previous post by BeBeez). The vehicle has a fundraising target of 150 – 200 million and aims to generate a return of 8% – 9%. Alexandre Bruyelle is a partner in Credit Strategies for Arcano while Lorenzo Pontello Strozzi is the head of Private Credit Italy.
Green Arrow Capital raised 137 million euros for Green Arrow Private Debt Fund II, a direct lending vehicle Art 8 SFDR and PIR Alternative Compliant (see here a previous post by BeBeez). The fund already invested half of its resources in 10 deals. Marco Meda, Davide Moscatelli and Umberto Pezzali make the investment team.
Italian head hunting firm Di Luccia & Partners and LIUC Business School will begin their executive course in Board Effectiveness and Corporate Governance in April (see here a previous post by BeBeez). Domenico Di Luccia, managing partner of Di Luccia & Partners, and Francesco Bollazzi, the head of LIUC Business School’s Master in Private Equity, will carry-on this course.
