Mundys (fka Atlantia), a global infrastructure investor that belongs to Edizione (Benetton Family) and Blackstone Infrastructure Partners which delisted the company from Milan market in 2022, received a term loan sustainability-linked of 550 million euros maturing in 2033 with an amortizing profile (see here a previous post by BeBeez). Cassa depositi e prestiti, Banco BPM, Banca Nazionale del Lavoro, BNP Paribas, BPER Banca, Banca Popolare di Sondrio, Crédit Agricole CIB, Intesa Sanpaolo, Mediobanca, and UniCredit provided the resources and retained Legance while Mundys hired A&O Shearman. The company will invest the resource in the early repayment of a 753 million term maturing in 2026. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Edizione, BlackStone and their Italian portfolio companies. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
Carraro Group, an Italian producer of machinery for agricolture, placed a bond of 126 million euros maturing in 2030 and paying an annual fixed rate of 5.25% listed on Luxembourg and Milan markets (see here a previous post by BeBeez). The company said it will invest such resources in repaying a 120 million bond issued in 2023 maturing in 2028 with a coupon of 7.75% Stock Exchange. Equita sim and Dentons assisted Carraro.
EcorNaturaSì, an Italian retailer of bio grocery, received a refinancing senior unsecured facility of 25 million euros and a 20 million senior capex with the partial warranty of Sace (see here a previous post by BeBeez). Both the items have a six-years tenure. BNL BNP Paribas, Intesa Sanpaolo, Unicredit, Banca Popolare dell’Alto Adige, and Cassa di Risparmio di Bolzano provided such resource. Banca Finint and Studio Legale Molinari advised EcorNaturaSì while the lenders retained Legance. Fausto Jori is the ceo of EcorNaturaSì which will invest such proceeds in its organic growth.
ING Italia provided Ecualia Capital, part of Spanish Plenium Partners, with a bilateral project finance financing facility of 25 million euros for building the development first of four biomethane plants that the fund will develop with Aragorn Value Leadership (see here a previous post by BeBeez). Plenium Partners retained Legance, EY-Parthenon, Fichtner, PCA Broker, and PwC. BonelliErede advised ING Italia. Milan-listed
Azienda Agricola Allevi, an Italian waste management company, received from Banco BPM a 21 million euros capex financing facility with the SACE warranty and a VAT financing of 4 million in support of its investments (see here a previous post by BeBeez). Vitale Debt & Grant and BonelliErede assisted Allevi. Banco BPM retained Advant NCTM. The company will invest such resources in the construction of an innovative thermal oxidation plant for the treatment of sludge not compatible with agricultural recovery.
Iniziative Bresciane, an Italian renewable energy company, issued a 5 million euros minibond that Banca Valsabbina subscribed (see here a previous post by BeBeez). The company will invest such proceeds in its organic development and received assistance from Studium 19.12-Studio Associato Legale e Tributario, Gitti and Partners and Studio Legale LX20 Law Firm. The non-convertible bond is of five notes of 0.1 million each with a tenure of 72 months with twelve months’ grace period and a Italian-style amortising variable-rate coupon. Battista Albertani is the company’s chairman. Hermes Bianchetti is the deputy coo of Banca Valsabbina.
Lynx, a company specialising in the design and implementation of digital solutions to support large companies operating in the utilities, finance, insurance and PA sectors, sold a 5% to Carlyle Global Credit which made a long-term strategic investment in the company by subscribing to a senior bond loan (see here a previous post by BeBeez). Carlyle Global Credit supported Amedeo Moretti (ceo) and Federico Moretti (coo) for the acquisition of a 49.99% of Lynx from FSI which invested in the business in 2021. DLA Piper assisted the ceo and coo, Latham & Watkins advised Carlyle Group. Lynx has sales of 103.7 million, an ebitda of 22 million and net debt of 8 million.
Generali Investments Luxembourg and Swiss Partners Group launched Private Credit Secondaries for professional investors in Europe, the Middle East and Asia for pouring resources in global Limited Partners-led private credit transactions and General Partners-led deals for transferring portfolio assets into a new vehicle (see here a previous post by BeBeez). Private Credit Secondaries is Article 8 SFDR compliant. Generali Asset Management will handle the vehicle and Partners Group will act as investment advisor and joint distributor. Marco Zanuso is the Global Head of Sales & Marketing of Generali Investments. Marco Busca is the head of Indirect Private Debt of Generali Asset Management. Henri Lusa is a managing director for Private Credit at Partners Group.
