Infrastructure Debt Fund 1 (IDF1), an Article 8 – SFDR compliant vehicle of F2i, said it invested 310 million euros of its resources after having closed three further transactions(see here a previous post by BeBeez). The fund already raised 400 million ahead of a 500 million target. IDF1 supported with lending facilities a German telco towers that aims to implement ESG strategies. IDF1 also said it took part to the lenders pool that provided Brookfiled Infrastructure with the resources for acquiring French Data4. The vehicle also provided Beacon Rail, a lessor of trains that belongs to Infrastructure Investment Fund – JP Morgan, with a green loan for acquiring Mitsui Rail Capital Europe. Renato Ravanelli is the ceo of F2i.
2G Siciliy (Brown2Green) (fka ERG Power), an energy company of Swiss Achernar Assets, received from UniCredit a credit line of 30 million euros with a three years tenure for which SACE provided a warranty (see here a previous post by BeBeez). The company will invest such proceeds in its working capital and may received further unsecured credits for 21 million that will pay suppliers.
Garanzia Campania Bond (GCB), a basket bond programme with resources for 148 million euros that Sviluppo Campania manages issued asset backed securities worth above 25 million euros that will allow 12 Campania-based SMEs to finance their development programmes (see here a previous post by BeBeez). Cassa Depositi e Prestiti (CDP) and Mediocredito Centrale (MCC) are anchor investor of GCB and will evenly subscribe the abs notes. MCC and Banca Finint act as arrangers and retain Grimaldi Alliance as legal advisor while Advant Nctm assists CDP . Each SME that joins the programme will issue a 1- 3.5 million minibond that the securitization vehicle Basket Campania 2023 subscribes ahead of issuing abs notes that CDP and MCC acquire. These minibonds also received the warranty of POR FESR Regione Campania 2014-2020 for up to 37 million that cover 100% of losses for each issuance and up to 25% of the whole portfolio’s principal. The companies that already joined the programme are Bervicato, Campania ResinFer, Cartiera Confalone, Elia, Geco Renew Group, GPM, MAC, OK Informatica, Netgroup, SITE, Soft Tecnology, and Solania.
Officine Meccaniche Barni acquired Italian competitor Gruppo Guida Impianti and financed the transactionwith a 6-years minibond of three million euros that Unicredit subscribed (see here a previous post by BeBeez). Assietta Private Equity (75%), Marco Ferri (15%) and Carlo Ferri (10%) sold Guida Impianti. Officine Meccaniche Barni has sales of 13.4 million, an ebitda of 1.8 million, net debtos of 1.4 million, and equity of 16.9 million.
