Italian credit information provider CRIF issued a 70 million euros 10-years bond with an amortizing structure that PGIM Private Capital (fka Pricoa Capital – part of Prudential Financial) subscribed (see here a previous post by BeBeez). Greenberg Traurig Santa Maria assisted CRIF, while Rimon Law advised the investor. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors PGIM and its Italian investments. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
Anthilia Capital Partners launced Synthesis, a private debt ELTIF 2.0 with a 7 years tenure that will invest 70% – 80% of its undisclosed resources in Italian mid-market companies and up to 20% in European SMEs (see here a previous post by BeBeez). The vehicle will support companies with a turnover of 10 – 250 million euros with direct lending facilities and bonds subscription that will finance CapEx lines, R&D projects and M&A. Syntesis is Article 8 SFDR compliant.
Chiron Group, an Italian healthcare company, acquired Radiological Service, a provider of medical imaging services in outsourcing (see here a previous post by BeBeez). The target issued a 6-years minibond of 5 million euros with a floating coupon linked to 6M Euribor. Tenax Capital subscribed the bond. CFI Italy – Anteos and RPLT assisted Radiologica Services while Banco di Credito P. Azzoaglio acted as agent bank. Andrea Cicchiello, Luigi Fato, Gianfranco Triumbari, Luca Sconosciuto (55% in total), and Garoglio Holding (45%) sold the asset which has sales in the region of 6 million, an ebitda of 0.445 million and net cash of 0.181 million.
Milan-listed Edil San Felice Società Benefit, an integrated operator active in the field of critical infrastructure maintenance, issued a 5-years sustainability-linked bond of 4 million euros that UniCredit and Mediocredito Centrale (MCC) subscribed (see here a previous post by BeBeez). The bond pays a 3M Euribor + 130bps coupon. Lorenzo Di Palma is the ceo of Edil San Felice that will invest the raised proceeds in the implementation of ESG strategies. Starting from the third year from the date of issue, the rate may increase (step-up) or decrease (step-down) by a maximum of 10 bps per year (non-cumulative), on the ground Ecovadis‘ certification of specific sustainability targets achievement.
