Polo Strategico Nazionale (PSN), a cloud infrastrutcure company that belongs to Milan-listed TIM, Leonardo, Cassa Depositi e Prestiti, and Sogei attracted an above 200 million euros financing facility from Intesa Sanpaolo, UniCredit, CDP, Banco BPM, and BPER (see here a previous post by BeBeez). The financing includes a 73 million tranche of the European Investment Bank (EIB). The whole facility includea a senior mid and long-term line for core costs, a revolving credit for VAT needs and a revolving working capital credit line. Chiomenti assisted PSN while Gianni & Origoni advised Intesa Sanpaolo, Unicredit, CDP, Banco BPM, and BPER. Emanuele Iannetti is the ceo of PSN.
Salumifici Granterre (fka Bonterre), an Italian food maker, received a 160 million euros financing facility from Crédit Agricole Italia, UniCredit, Banca MPS, Banco BPM, BPER Banca, Cassa Depositi e Prestiti (CDP), and Sparkasse for supporting its international growth (see here a previous post by BeBeez). SACE provided a 50% warranty for the loan. Salumifici Granterre has sales of 802.4 million, an ebitda of above 50.4 million and a net financial debt 70.3 million.
Gruppo Poggipolini, an Italian producer of components in special materials for the aerospace, automotive and motorsport sector that belongs to the eponymous family and Cherry Bay Capital, attracted a 7-years financing facility of 8 million euros from Unicredit with a warranty of SACE for 50% of the amount (see here a previous post by BeBeez). The company will invest such proceeds in the near-to-closing acquisition of HPF, Houston Precision Fasteners, an US competitor with sales of 15 million.
Reply, an Italian maker of iron components for specs, received an above one million euros financing facility from UniCredit with the warranty of SACE (see here a previous post by BeBeez). Reply will invest such resources in achieving ESG targets. The company belongs to VeneVision (65% – a platform that VeNetWork launched in 2022), Orsolina Berra (15%) and Marco Cavalli (20%). Reply has sales of 6.5 million, an ebitda of 1.6 million and a net financial debt of 0.6 million.
Epta, an Italian producer of commercial fridges that Marco Nocivelli heads, attracted an ESG-linked financing facility from Deutsche Bank un programma di finanziamento legato alla sostenibilità a favore della sua filiera di fornitori (see here a previous post by BeBeez). Epta’s suppliers will be able to receive their payments upon approval of an invoice, while financing costs for vendors will depend on Epta’s creditworthiness. The suppliers may reduce further their financing costs if they improve their ESG rating according to EcoVadis.
B. For Pet Società Benefit issued a 2 million euros 6-years minibond as part of Basket Bond FGPMI programme of Unicredit and Mediocredito Centrale (MCC) (see here a previous post by BeBeez). MCC provided a warranty for the issuance. B. For PET received assistance from Arpe Group.
Andromeda Rail, an Italian provider of railway and TMT solutions, invested 2.65 million euros for acquiring Ansaldo Montaggi from AM General Contractor (part of Gruppo Wabtec Netherlands) (see here a previous post by BeBeez). Andromeda will finance the transaction with a 1.95 million euros minibond that UniCredit subscribed and for which Fondo Centrale di Garanzia provided a warranty for 80%.
Italian credit servicer Zenith Global (fka Zenith Service – part of Arrow Global) received a rating strong with stable outlook for all the asset classs (RMBS – CMBS – ABS – NPL) from S&P Global Ratings (see here a previous post by BeBeez). Umberto Rasori, the ceo of Zenith, said to BeBeez that the Italian secondary market for NPLs may attract international investors.
Intrum Italy, the Italian subsidiary of Intrum, promoted former general manager Enrico Risso as ceo and retained Giovanni Gilli and Massimo Della Ragione as chairman and vicechairman (see here a previous post by BeBeez). Risso previously worked for Michelin, State Street and McKinsey & Co. Former Intrum Italy’s ceo Alberto Marone will now work as managing director for Intrum Middle Europe (UK & IRL, Germany & AT, France, NL & BE, CH). Intrum Italy belongs to Intesa Sanpaolo (49%) and Swedish Intrum (51%).
