Mundys (fka Atlantia), a holding company operating in the motorway, airport and mobility-related services infrastructure sector that Edizione (Benetton family) and Blackstone Infrastructure Partners own since 2022, placed a new 500 milllion euros sustainability-linked bond with a 4.5% coupon and 5.5-year maturity, and repurchased part of the outstanding bonds maturing in February 2025 with a 1.625% coupon (see here a previous post by BeBeez). The new bond, listed on Euronext Dublin, will charge the company if it fails to meet Key Performance Indicators (KPIs) that measure Mundys’ progress on its decarbonisation roadmap. Mundys could pay a premium of a maximum cumulative amount of 0.75 % if it fails to meet the targets (KPI 1 Condition and KPI 2 Condition) of its Euro Medium Term Notes programme. The company explained that KPI 1 requires the reduction of absolute GHG emissions (Scope 1 and 2) by 38% by 2027 (2019 baseline), while KPI 2 requires the subsidiary Abertis to reduce the intensity of Scope 3 GHG emissions from purchased goods and services by 16% by 2027 (2019 baseline), in addition to increasing the number of electric vehicle charging points (EVCPs) by 833 units by 2027 (2021 baseline). As for the subsidiary AdR, the same KPI 2 requires the reduction of GHG Scope 3 emissions per passenger (excluding aviation sources) by 10% in 2027 (2019 baseline), as well as the maintenance of the ACA accreditation level, Level 4+ ‘Transition’, until 2027. Legance, Deutsche Bank, JP Morgan, Société Générale, UniCredit, Crédit Agricole CIB, Intesa Sanpaolo, SMBC, Mediobanca, Banca Akros, Barclays, BNP Paribas, BofA Securities, BPER CIB, and RBC Capital Markets supported Mundys in various roles in these transactions. A&O Shearman advised the banks.
Tozzi Green, an Italian operator in the renewable energy sector, has received a 116 million euros green loan from Natixis CIB and BNL BNP Paribas to support the development of an 82 MW wind power portfolio in which it owns a majority stake (see here a previous post by BeBeez). Gruppo Gardini is a minority shareholder of the plant. L&B Partners advised Tozzi Green. Vector Renewables and DLA Piper supported Natixis CIB and BNL BNP Paribas. Tozzi Green has revenues of 97.8 million, ebitda of 53.2 million, net income of 10 million and net financial debt of 145.5 million
Nord Fluid, a distributor of oleodynamic components, issued a 2 million euros minibond maturing in 2029 that Mediocredito Trentino-Alto Adige fully subscribed with the warranty of InvestEU – European Investment (see here a previous post by BeBeez). The company will invest these resources in its organic growth with the goal of exceeding 80 million in sales.
Regione Lombardia launched the following funding programs to support the startup and MSMEs innovation ecosystem (see here a previous post by BeBeez):
MPMI Participation in International Trade Fairs in Lombardy (12 million as of July 31, Wednesday) to support Lombardy’s MSMEs that aim to develop and consolidate their position in the global market through the participation to international trade fairs in Lombardy included in the regional trade fair calendar starting between 01 September, Sunday, and 31 August 2026. The facility consists of a non-repayable contribution as a percantaage of up to 0.015 million of eligible costs for “New Exhibitors” and 8.000 euros for “Regular Exhibitors.”
Digital Transition of Lombardy Enterprises (20 million euros as of September 3, Tuesday) to support the digital transformation process of MSMEs in Lombardy. The facility consists of a non-repayable grant of up to 50% of eligible expenses and up to a maximum of 0.1 million.
Investment line microenterprises (25 million euros from mid-October 2024), the programme supports Lombardy’s microenterprises that aim to invest in their own dimensional development, and competitive revitalization with technological innovation and plant and equipment efficiency measures. The facilitation consists in the granting of a fund contribution of up to 50 % of eligible expenses and up to 0.050 million euros.
Transition MPMI to circular and sustainable production models (12 million). The package promotes the development of a sustainable growth model for enterprises and the production system. The initiative is for MSMEs in Lombardy that aim to carry aggregations of at least 5 companies presenting projects sharing their objectives and approach in the supply chain. The facilitation consists of a non-repayable contribution up to 60 % of eligible costs and up to 0.300 million euros.
Yachtline Arredomare 1618, a manufacturer of furnishings for Giga and Mega Yachts and in interior construction for prestigious residences and villas, issued two minibonds with a total value of 10 million euros, which Anthilia Capital Partners and Finint Investments subscribed (see here a previous post by BeBeez). The non-possessory pledge on Yachtline’s stocks secured the bonds. Fiorenzo Bandecchi and Enrico Ciacchini founded Yachtline Arredomare 1618.
Fideuram, the private division of the Intesa Sanpaolo Group, and CVC Capital Partners, listed on the Amsterdam Stock Exchange, launched the new private debt fund iCapital CVC Capital Solutions for HNWI and UHNWI clients (see here a previous post by BeBeez). The product placement will end on 30 September, Monday.
German pan-European private capital operator Aurelius s appointed Massimo Vendramini as managing director and Head of Southern Europe of Aurelius Investment Advisory (see here a previous post by BeBeez). Vendramini previously worked at Sun Capital as partner and vice president and will now join Aurelius’ Milan office, which Ludovico Denza leads.
