FibreConnect, an Italian wholesale only TMT, received credit lines of 150 million euros from Natixis Cib and Banco BPM (see here a previous post by BeBeez). Macquarie Asset Holdings Limited and Azimut Libera Impresa own 95% of the firm (see here the company’s ownership available for the subscribers to BeBeez News Premium and BeBeez Private Data). FibreConnect received a term loan of 75 million from Natixis Cib. Banco BPM provided the company with a 45 million term loan, a revolving facility of 5 million and a pro soluto factoring facility for its VAT credits worth 25 million.
Bkno, a franchisee of Burger King restaurants based in the North of Italy, received a direct lending facility of 11 million euros from Anthilia Capital Partners (see here a previous post by BeBeez). Anteos Capital Advisors, RP Legal & Tax, Banca Finint, and Modefinance acted as advisors. Bkno has sales of 8.2 million, an ebitda of 0.736 million, and net debts of 7.1 million.
Ambrosi, an Italian dairy company that belongs to French Lactalis, received from Banco BPM a green financing facility of 5 million euros with a Sace warranty for 80% of the amount (see here a previous post by BeBeez). The company will invest the proceeds in the construction of a new sustainable plant. Giuseppe Ambrosi is the chairman and ceo of the firm.
Eataly, the Italian retailer of high-end food, that is close to sell a majority stake to Investindustrial, posted net lossess of 28.7 million euros with sales of 601.9 million, net financial debt of 117 million and an ebitda of 25.5 million (see here a previous post by BeBeez). In December 2022, Eataly issued a 20 million (of total 35 million) tranche bond maturing on 31 December 2028 with a coupon of 8% that Investindustrial subscribed ahead of the acquisition of the company’s majority.
Alperia, an Italian multiutility, issued a green bond of 500 million euros which is part of the company’s 1.5 billion Euro Medium Term Notes Programme (see here a previous post by BeBeez). The bond has an annual fixed rate coupon of 5.71% with a bullet repayment after 5 years. Banca Akros, Bnp Paribas, Crédit Agricole cib, Intesa Sanpaolo, Mediobanca, and UniCredit worked on the issuance and retained Gianni & Origoni as advisor. Ethica Group and Legance assisted Alperia which will invest the raised proceeds in its Eligible Green Projects
Mediobanca Private Banking and Apollo Global Management said that they signed an agreement (see here a previous post by BeBeez). Mediobanca will allow its Ultra-High-Net-Worth clients to invest in Apollo’s 10 billion US Dollars private equity, private credit, real estate, and infrastructures portfolio. Angelo Viganò is the Head of Mediobanca Private Banking.
Guber Banca, a challenger bank that is in the portfolio of Värde Partners, announced the acquisition of Reperform.com, a marketplace for auctioning real estate assets and goods out of liquidation procedures and from financial firms (see here a previous post by BeBeez). K-MYDA, a startup that Andrea Valente and Yari Becattini founded in 2021, sold the asset. Federico Guarneri is one of the founders of Guber Banca and heads the Corporate and Banking unit.
Infrastructure Debt Fund 1 (IDF1 ), a vehicle of F2i, carried on five direct lending investments worth a total of 200 million euros and attracted the interest of investors willing to pour 400 million ahead of a target of 500 million (see here a previous post by BeBeez).
Alternative Capital Partners announced a second closing of 110 million euros for its Sustainable Securities Fund (SSF) that will target energy transition and circulary economy transactions (see here a previous post by BeBeez). SSF attracted the resources of CDP Real Asset (30 million), BPER Banca and the European Investment Bank with the European Strategic Investment Funds. The fund has a fundraising target of 150 – 200 million. Emanuele Ottina is the executive chairman and head of business development & fundraising of Acp while Evarist Granata is the firm’s ceo and head of private capital.
Banca Popolare di Sondrio carried on a securitization STS for SMEs financing facilities worth 3.2 billion euros with the support of Banca Finanziaria Internazionale (Fininit) and Chiomenti (see here a previous post by BeBeez). DBRS Morningstar and S&P Global Ratings assessed the notes of all Milan-listed tranches maturing in July 2060. The junior notes are unlisted and not rated. The first two tranches are not partly paid: Class A1 for 941.6 million with a coupon of 1M Euribor + 100pb and rating A from both the agencies; Class A2 of 73 million with a coupon of 1.5% and rating A. The partly paid tranches are Class A3 of 1.182 billion with a coupon of 1M Euribor + 100pb and rating A; Class A4 of 91.6 million with a 1.5% coupon and rating A; Class M of 288 million with a coupon of 1M Euribor + 200 pb (BB rating from DBRS and BBB from S&P). The unrated Class J is worth 623.8 million. Banca Popolare di Sondrio subscribed to the tranches that may use collateral for refinancing deals with the Eurosystem.
Banca Progetto, an Italian challenger bank for SMEs that since 2015 belongs to Oaktree Capital Management and that Paolo Fiorentino heads, carried on a 670 million euros securitization with the warranty of MCC (see here a previous post by BeBeez). Intesa SanPaolo acted as arranger and set the spv Progetto PMI 4 that issues senior notes worth 500 million euro and a junior tranche of 170 million. The bank subscribed to both. Hogan Lovells Studio and Orrick, Herrington & Sutcliffe acted as advisors. Banca Progetto, che riveste anche il ruolo di servicer, si è inoltre avvalsa, per i ruoli gestionali, della collaborazione di Banca Finint e di BNP Paribas – divisione Securities Services.
