The 100 million euros Series-C round of Italian D-Orbit attracted the resources of Avantgarde, CDP Venture Capital, Seraphim Space Investment Trust, United Ventures, Indaco Venture Partners, Neva, Primo Ventures, and Marubeni (see here a previous post by BeBeez). Sources said to BeBeez that some of the investors converted in equity the hybrid instruments they subscribed to in 2022 and 2023. Eversheds Sutherland assisted D-Orbit while Gianni & Origoni advised Marubeni. BofA Securities and UniCredit acted as placement agents.
On 12 January, Friday, Stellantis Ventures, the corporate venture capital of the eponymous automotive group of which Exor has 14.3%, said it invested in French Tiamat, which is developing sodium-ion batteries (see here a previous post by BeBeez). The company raised a 22 million euros series-A round and also attracted the resources of Arkéma.
UK’ ‘s SharpEnd/io.tt, a SaaS platform for connected products, attracted the investment of Bain Capital‘s portfolio company Fedrigoni Group, a special and high-end packaging company of which BC Partners has a minority (see here a previous post by BeBeez). The Italian company that Marco Nespolo heads acquired a minority of the 2.4 million GBPs revenues company ahead of taking over 100% of the business in the long-run. This transaction is part of a corporate venture capital programme that Fedrigoni launched. The packaging company also issued a 665 million euros senior secured bond with a floating rate of euribor (floor 0%) plus 400 bps whose placement will end on 22 January, Monday. When the issuance will reach the maturity in 2030, the company will receive a further 30 million revolving facility. Fedrigoni will invest such proceeds in repaying a 725 million bond maturing that previously issued.
Mogu – SQIM, an Italian producer of mushroom-based biomaterials raised 11 million euros from CDP Venture Capital, European Circular Bioeconomy Fund (ECBF VC) (lead investors), Kering Ventures, and Progress Tech Transfer (see here a previous post by BeBeez). The company will invest such proceeds in R&D and its organic development. Curtis Mallet-Prevost, Colt & Mosle assisted CDP and ECBF. Mogu retained Nunziante Magrone.
L’Orto di Jack (OdJ), a scaleup for the omnichannel distribution of fruit and vegetables, aims to raise 10 million euros (see here a previous post by BeBeez). In late 2023, the company acquired the Italian competitor Gala Fruit from the Catalano Family. The target’s ceo Antonio Catalano reinvested a relevant part of the proceeds in a 2.6 million bridge capital increase OdJ which aims to carry on further acquisitions after having closed the buy of Ristoking, co-ceo Pierluigi Giraudi said to BeBeez. OdJ hired Vitale as advisor. Arturo Casale is the other co-ceo.
Indigo.ai, a B2B provider of AI-based customer experience support, raised 2.5 million euros for its organic growth and retained Growth Capital as advisor (see here a previous post by BeBeez). Gruppo Vedrai previously acuired 60% of indigo.ai in 2022 and poured further resources in the business. Gianluca Maruzzella is a co-founder and ceo of Indigo.ai while Michele Grazioli is the firm’s chairman.
