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Gruppo Collextion launched a destocking platform for a corporate inventory financing programme to carry on through a 500 million euros worth securitization (see here a previous post by BeBeez). The borrowers will provide their stocked items as collaterals for invoice cashing. Antonio Borraccino is the founder and 41.7% owner of Collextion while 58.3% belongs to Concetta Sorrentino.
Banca Agricola Popolare di Sicilia (BAPS) retained Chiomenti for a securitization of SMEs credits worth 200 million euros through BAPS PMISPV which received from JPMorgan a 140 million senior financing facility (see here a previous post by BeBeez). Hogan Lovells assisted JPMorgan which also provided a further advised credit line for allowing the bank replicate the current transaction for up to 400 million. Saverio Continella is the ceo of BAPS which acquired the junior tranche abs notes. Banca Finint acted as master servicer, corporate servicer, calculation agent, representative of the debtholders, and facility agent; BNP Paribas.
Autotorino, an Italian network of car dealers, received a 50 million euros financing facility from Intesa Sanpaolo – Banca dei Territori that Stefano Barrese heads (see here a previous post by BeBeez). The company will invest such proceeds in its international and organic growth, corporate welfare, hr training, and the acquisition of a Milan’s Via Grosio 9 real estate asset worth 26.1 million (plus 22% VAT). Stefano Martinalli is the coo and cfo of Autotorino. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Autotorino’s bonds. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
On 6 August, Wednesday, Milan-listed investment company First Capital received assistance from Equita and Studio Legale Dentons for the private placement of a 25 million euros senior unsecured 3,5-years bond with a 5.75% coupon that will trade on Vorvel’s platform (see here a previous post by BeBeez). Stefano Di Meo is the coo of First Capital that will invest such proceeds in its core business and refinancing its current liabilities inclunding a convertible bond of 17.5 million maturing in 2026 with a 3.75% coupon. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors First Capital 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
Molino Dallagiovanna, an Italian flours producer, received a 12 million euros financing facility from Crédit Agricole Italia and UniCredit that will support the organic growth and investments in energy efficiency (see here a previous post by BeBeez). Andrea Dallagiovanna, Pierluigi Dallagiovanna and Sergio Dallagiovanna are the owners of the company that has sales of 46 million, an ebitda of 4.5 mill and a net financial debt of 7.4 million.
Milan-listed utility Altea Green Power, a firm of which Giovanni Di Pascale has 52.2% and Dxor Investments 1 9.49%, said it issued a senior 10 million euros 6-year minibond with a coupon of 6M Euribor plus 290 bps (see here a previous post by BeBeez). SACE provided a 50% warranty for the issuance that BPER Banca subscribed ahead of transferring 5 million to the co-investor Cassa Depositi e Prestiti. Chiomenti acted as deal legal advisor. Salvatore Guarino is the coo of Altea which will apply for listing the bond on Milan market and will invest the raised proceeds in its organic growth and renewable energy plants.
Sources said to BeBeezthat Socrate SPV received assistance from Andersen for completing the placement on Vienna exchange of 10 million euros worth super senior unrated abs notes maturing in July 2038 and paying an above 6.5% fixed rate (see here a previous post by BeBeez). The sources explained that Azimut, P&G and the other previous investors in the securitizations of Socrate could not acquire the recently issued notes. For such a reason the an undisclosed Italian investor required super senior warranties for this issuance that could amount to up to 50 million.
Idrostile GDO Service, an Italian plumbing company, said it issued one million euros 72-months (12 months of pre-amortisation) minibond that Banca Valsabbina subscribed (see here a previous post by BeBeez). The company will invest the raised proceeds in its organic growth. Mediocredito Centrale (MCC) provided a warranty for 80% of the issuance and received support from NSA while Banca Valsabbina and Idrostile GDO Service retained Nextōne. Hermes Bianchetti is the deputy coo of Banca Valsabbina BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Banca Valsabbina and the firms it financed. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
DAM, an Italian general contractor that belongs to Gruppo Del Gaudio, placed on crowdfunding platform Fundera, part of Frigiolini & Partners Merchant (F&P) an up to 0.5 million euros minibond maturing in June 2026 with a 5% coupon and the warranty of Mediocredito Centrale that anchor investors Artigiancredito and SICI subscribed (see here a previous post by BeBeez). Gabriele Del Gaudio is the ceo of DAM. Leonardo Frigiolini is the ceo of F&P and Fundera. Fabio Petri is the chairman of Artigiancredito. Vittorio Gabbanini is the chairman of SICI. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Fundera, Sici and their 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
Ultrafog, a provider of fire-fighting systems, placed on crowdfunding platform Fundera, part of Frigiolini & Partners Merchant (F&P) an up to 0.5 million euros minibond maturing in 12 months with a 4.6% coupon and the warranty of Mediocredito Centrale that anchor investors Artigiancredito and SICI subscribed (see here a previous post by BeBeez). Ultrafog has sales of 30.5 million, an ebitda of 2.7 million and a net financial debt of 4.8 million. Antonella Ricci is the ceo of Ultrafog. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Fundera, Sici and their 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
