Download here the 2025 BeBeez Private Debt Report available for the subscribers to BeBeez News Premium and BeBeez Private Data
Troubled Italian toys distributor Giochi Preziosi is close to selling to Chinese competitor Superhisen that signed an agreement for pouring 80 million euros for acquiring the majority of the target with the co-investos Dea Capital Alternative Funds (part of Green Arrow) and Europa Investimenti (see here a previous post by BeBeez). In 2024, Idea CCR, part of De Agostini, purchased from Unicredit and Banco BPM 72 million and 62 million book value debts of Giochi Preziosi. Sagitta and Europa Investimenti Instead, they acquired 50 million worth receivables that the company owed to Intesa Sanpaolo. Superhisen also aims to purchase 51% of Giochi Preziosi’s Spanish Famosa Toys through the conversion in equity of debts with suppliers and bestowal of goods and toys for 20 million. This scenario is consistent with the receivership plan that Giochi Preziosi filed with Milan Court and the certifying officer Riccardo Ranalli approved (document part 1 and document part 2 available for the subscribers to BeBeez News Premium and BeBeez Private Data). BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Giochi Preziosi. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
Fondo Temporaneo del Credito Cooperativo, a firm thatis part of Iccrea for which Mario Fera acts as ceo, set Acero SPV and carried on the pro-soluto sale of a portfolio of NPEs with a 345 million euros face value that acquired between 2016 and 2017 (see here a previous post by BeBeez). The spv issued unitranche abs note that Clessidra Capital Credit and FBS acquired with the advisory support of LCA and PedersoliGattai. The vendor retained Hogan Lovells. Paolo Strocchi is the chairman of FBS. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Clessidra and its 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
Phinance Partners, a firm that Enrico Cantarelli heads, and Credito Lombardo Veneto (CLV) set the spv Beatrix and carried on the refinancing of a securitization of loans that Microcredito di Impresa provided (see here a previous post by BeBeez). The senior notes are worth 25 million euros while a ramp up includes the purchase of loans that Micocredito will issue up to June 2027. The facilities are of up to 0.075 million with a warranty of 80% with which Fondo Centrale di Garanzia supports the lender. Riccardo Vanoli and Nicola Bonometti are a partner and the vice president of Phinance. Marco Ravaldi is the ceo of Microcredito di Impresa, Lorenzo Limatola is the cfo and Sara Onofri is the head of corporate affairs. Banca Finint acted as master servicer and Eversheds Sutherland as transaction counsel. Phinance Partners implemented a change of this securitization’s advance level that will also allow the financing of non-performing exposures. CLV acquired the senior tranche and Microcredito di Impresa the junior tranche. Paolo Gesa is the ceo of CLV while Pietro Armati and Leonardo Miranda are the structured finance directors.
