Download here the BeBeez Private Debt Report 2024 available for the subscribers to BeBeez News Premium and BeBeez Private Data.
Tages Capital said it received a non-recourse green loan of 671 million euros from Banco BPM, Bayerische Landesbank, BNP Paribas, Italian Branch, Crédit Agricole Italia, Intesa Sanpaolo, Société Générale, and Unicredit for refinancing a 272 MWp (see here a previous post by BeBeez). Tages Capital and Delos Service, the plants manager, retained Ashurst while the lenders appointed Clifford Chance, EOS Consulting and Aon Italia. Marchetti acted as public Notary. Umberto Quadrino is the chairman and cio of Tages Capital.
Italian cosmetics retail chain Kiko, a company of which L Catterton acquired 70% in 2024 from Antonio Percassi and Stefano Percassi, issued a Luxembourg-listed senior bond of 540 million euros maturing on 15 January 2032 and paying a coupon of 3M Euribor (zero floor) plus 325 bps and with a B+ rating from S&P (see here a previous post by BeBeez). The company will invest such proceeds in refinancing a 500 million bond with a 3M Euribor plus 4,125% coupon that issued in 2024 for repaying a bridge loan in support of L Catterton buy out. Barclays, Deutsche Bank, Intesa Sanpaolo, Unicredit, and Latham e Watkins assisted KIKO for which Simone Dominici acts as ceo. Sources previously said to BeBeez that L Catterton acquired KIKO on the ground of an enterprise value of 1.4 billion. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors KIKO and its investors. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
Viveracqua, a consortium of utilities that provide water supply in the Italian North Eastern region of Veneto, issued a 20-years 200 million euros bond that The European Investment Bank (EIB) subscribed and for which Sace provided a warranty (see here a previous post by BeBeez). Banca Finint acted as arranger and placement agent. The EIB retained Legance while Sace received assistance from Cappelli Riolo Calderaro Crisostomo Del Din & Partners. Viveracqua appointed Pirola Pennuto Zei and will invest the raised proceeds in the modernisation and efficiency improvements to the water and sewerage networks in line with the Goal 6 of the United Nations 2030 Agenda and for the benefit of the areas served. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors the bonds that Hydrobond issued. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
Tozzi Green, an Italian renewable energy company, received a 42.5 million euros bridge loan from Natixis Corporate & Investment Banking and BNL BNP Paribas for the development of an agrivoltaics plant of 56.4 MW in Sicily (see here a previous post by BeBeez). L&B Partners assisted Tozzi. DLA Piper and Vector Renewables advised the lenders.
