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TeamSystem, an Italian B2B software publisher of Hellmann&Friedmann, Silver Lake Partners, ADIA, CapitalG, and Alphabet CapitalG (fka Google Capital) carried on an above 2 billion euros worth refinancing deal (see here a previous post by BeBeez). The company concluded the private placement of a Vienna-listed 350 million Pay-If-You-Wan PIK toggle bond maturing on 7 July 2033. Such proceeds will finance the dividends payment and transaction costs. The company also extended from 2032 to 2033 the maturity of its 300 million senior PIK Toggle bond issued in 2024. This issuance will have covenants like Luxembourg-listed bonds worth a total of 1.75 billion. TeamSystem will invest such proceeds in repaying senior secured bonds of 850 million maturing in 2028, M&A deals and other liabilities. The company also increased to 350 million a revolving credit line of 300 million. Teamsystem retained Latham & Watkins, Maisto e Associati. The investors hired PedersoliGattai while Paul Hastings advised the lending banks and the investor in the Pay-If-You-Want PIK Toggle Notes. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Hellmann&Friedmann, Silver Lake Partners, ADIA, CapitalG and their 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
DOC Pharma (fka DOC Generici), a portfolio company of TPG and ICG, listed on Luxembourg Stock Exchange two senior secured bond for a total of 990 million euros and attracted a revolving multi-currency facility of 150 million (see here a previous post by BeBeez). One bond maturing in 2032 amounts to 400 million and pays a coupona 3M Euribor + 362.5 bps, the other issuance is worth 590 million with a 5.625% coupon. Latham & Watkins and Maisto e Associati assisted TPG and DOC Pharma. A&O Shearman advised the pool of banks that provided the revolving facility. The gross proceeds of the issuance will repay the DOC Pharma’s Vienna-listed senior secured bonds of 973 million maturing in 2028. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors TPG, ICG and their 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
Iconic Italian fashion house Dolce & Gabbana said it attracted a mid-long-term financing facility of 100 million euros for which Sace provided a 50% warranty (see here a previous post by BeBeez). Molinari advised the lenders Intesa Sanpaolo, BNL BNP Paribas, Banco BPM, Cassa Depositi e Prestiti, Crédit Agricole Corporate and Investment Bank, Crédit Agricole Italia, and Sace. Sources said to BeBeez that Dolce & Gabbana also said that the company renegotiated the terms of liabilities worth 400 million.
Italian steel producer Arvedi, the owner of Acciai Speciali Terni, received financing facilities worth a total of 900 million euros from an undisclosed pool of lenders that retained Legance (see here a previous post by BeBeez). SACE provided a warranty for a 350 million term credit line. BonelliErede assisted Arvedi.
Investindustrial merged its Italian food producers CSM Ingredients and Italcanditi under Nexture which issued a senior secured bond of 425 million euros maturing in 7 years and paying a coupon of 3M Euribor +400 bps (0% floor) with quarterly reset (see here a previous post by BeBeez). Such proceeds will refinance previous liabilities. Nexture also received a super senior secured revolving credit line of 80 million euros with a 6.5 years tenure. Fitch Ratings assigned a B+ rating with stable outlook to the issuant and BB- with stable outlook to the issuance. Moody’s assigned a B2 rating to the company and the bond. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Investindustrial and its 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.
Italian martech Jakala, a firm of Ardian (60%), Matteo de Brabant, The Equity Club, H14, and PFC, issued a 30 million euros bond maturing in 2031 with the support of Ceresio Investors (see here a previous post by BeBeez). Sources said to BeBeez that this bond pays a coupon of 8.5% and matures on 23 June 2031. Alessandro Santini is a group executive board member of Ceresio Investors. Jakala’s founder and chairman de Brabant said that the company will invest the raised proceeds in its organic growth and international expansion. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Ardian, The Equity Club, H14, PFC, Azimut Diversified Corporate Credit ESG-8, Tikehau Capital and their 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.
Gruppo Ligabue, an Italian Food Service and Life Support firm, attracted a 50 million euros credit facility for supporting its organic growth and refinancing its liabilities (see here a previous post by BeBeez). UniCredit, Banco BPM, Crédit Agricole Italia, ICCREA Banca, BCC Pordenonese e Monsile, BCC Annia, BCC Veneta, and Banca Finint provided such an amount with three credit lines. Inti Ligabue is the chairman and owner of Gruppo Ligabue
SCL Italia, an Italian producer of special borates that owns Larderello Group, received a 6.5 million euros worth ESG financing facility from UniCredit with SACE warranty (see here a previous post by BeBeez). The company will invest such proceeds in building a 5.0 ZHS (Zinc Stannate Hydroxide) production plant in Italy. Paolo Bonini is the Executive Chairman of Larderello. Andrea Burchi is Unicredit’s Centre North Italy Regional Manager. Antonio Bartolo is the Sace’s Regional Director for Centre Italy.
Anthilia ELTIF Synthesis, a 7-year vehicle that Anthilia Capital Partners launched, raised more than 25 million euros from Banco di Desio e della Brianza, Banca Valsabbina and other investors (see here a previous post by BeBeez). The vehicle will carry on a further placement between 15 September, Monday, and 30 November, Sunday. The article 8 SFDR eltif is also available to retail investors willing to pay a ticket of at least 10000 euros. Daniele Colantonio is a partner of Anthilia and heads th products development team. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors and Anthilia Capital Partners its 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
Equita Private Debt (EPD) said it attracted 160 million euros (200 million target) from Solidarietà Veneto Fondo Pensione, Fondo Pensione Nazionale BCC-CRA, Banca di Credito Cooperativo di Milano, and other institutional investors (see here a previous post by BeBeez). Paolo Pendenza is the ceo and head of private debt of Equita Capital. The firm said it provided Beat, a German distributor of books and music contents in streaming, with a senior unitranche facility in co-investment with Rigeto Family Office.
