Gruppo CSA, an Italian chemical company, issued two minibonds for a total of 0.95 million euros maturing in 2028 with the advisory support of Frigiolini & Partners Merchant (FEPM) and placed them on crowdfunding portal Fundera (see here a previous post by BeBeez). One 0.6 million issuance will mature in July 2028 and pay a 6.27% coupon with an up to 80% warranty from Fondo di Garanzia pmi, while the other 0.35 million bond will have the same maturity and pay a 6.47% coupon with an up to 70% warranty from InvestEU- The European Investment Fund (EIF). CSA belongs to Alessandro Arcangeli, Roberto Canini, Paolo Fonti, Roberto Giani, Alessandro Martinetti, and Giacomo Tentoni (16.67% each). The company will invest such proceeds in its organic growth and has sales of 8.9 million, an ebitda of 0.72 million and a net financial debt of 1.6 million. Monica Morri is the cfo of CSA.
Coima and B-corp Redo acquired MilanoSesto for regenerating the eponymous area of Milan (see here a previous post by BeBeez). Intesa Sanpaolo is financing the urban regeneration project. Fondo Unione Zero, a vehicle that Prelios manages and of which the Kuwait Investment Authority has a stake, will develop the social housing in the area. The construction may finish in 2025 and generate a turnover of 1 billion euros. Intesa Sanpaolo, Unicredit, Banco Bpm, and Ifis may convert in equity the 900 million worth credit facilities that provided.
Italian screws and fixers producer SBE-Varvit is close to launch its IPO between 6 and 10 November, Monday and Friday, and foresees a market capitalization of 975 million euros (see here a previous post by BeBeez). Vescovini Group, the company’s owner will sell up to 3 million shares (including the greenshoe option) worth in the region of 25 million euros. Equita sim and UniCredit (joint global coordinator and joint bookrunner) will buy up to 270,000 shares. The Vescovini Family may sell a further 600,000 shares that would make the IPO 30 million worth in total. Sbe-Varvit retained Lazard and Chiomenti as advisors while Linklaters assists Equita and Unicredit.
