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On 25 November, Tuesday, Adolfo Urso, the Italian Ministry for Industry and Made in Italy (Mimit), will discuss the sale of Riello, a 400 million euros turnover Italian producer of oil-fired boilers and burners, per il riscaldmento di ambienti, with the representatives of US Carrier Global Corporation which acquired the asset from Ettore Riello between 2015 and 2017 (see here a previous post by BeBeez). Mattia Losego, heads the crisis unit of Mimit. Bank of America, the sale advisor of Riello, received the non-binding bids of Ariston; Ferroli, a portfolio company of Attestor and Oxy Capital since 2022, Syntagma Capital, Aurelius, and Chinese peers Haier (the owner of Candy) and Midea. Riello has an ebitda of minus 30 million. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Riello, Ferroli, Attestor, and Oxy Capital. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager.
Milan-listed real estate developer and NPEs investor Borgosesia received from Banca d’Italia the authorization for acquiring OneOsix, an Italian credit servicer, for 5.5 million euros (see here a previous post by BeBeez). The buyer will pay a first 2.5 million tranche at the closing and the remaining 3 million with a charge of 3M Euribor plus a 0.5% spread. Davide Ferrari, a director of Borgosesia, is the ceo of OneOSix which previously belonged to Istituto Atesino di Sviluppo (49.86%), the Zanoni Family (15%), Mediocredito Trentino Alto Adige (9.59%), F.lli Poli (9.5%), Immobiliare Adige (7.14%), Net Insurance (5%), and other minority shareholders. Manuela Zanoni and Giorgio Franceschi are directors of the buyer and the target.
