Omnia Technologies (fka DT Holding), a platform company for the packaging sector of Investindustrial, is working on the issuance of a 400-500 million euros bond in late September ahead of an exit (see here a previous post by BeBeez). Intesa Sanpaolo, Barclays and JPMorgan are working on the transaction that would allow Omnia Technologies to raise further resources for buys. Investindustrial is reportedly working on selling the asset in 2025 on the ground of an enterprise value of 1.5 billion.
Crédit Agricole Italia provided RGP Biometano, a subsidiary of Italian renewable energy company Ravano Power, with a 12 million euros financing facility (see here a previous post by BeBeez). Ravano Power belongs to Giovanni Ravano (51%), Edoardo Ravano (24.55%) and Virginia Ravano (24.45%). The company has sales of 28.3 million, an ebitda of minus 2.7 million, a net financial debt of 7.2 million, and equity of 48.8 million.
Ancona Court accepted the receivership application of Italian wine producer Terre Cortesi – Moncaro Società Cooperativa Agricola which has debts of 40 – 50 million euros (see here a previous post by BeBeez). The company must elaborate a plan for repaying its creditors in 30 days. In 2019, Terre Cortesi – Moncaro issuad a 5 million minibond maturing on 30 September 2028 with a floating rate coupon for which it provided wine as collateral. Amundi – Crédit Agricole acquired the bond and later sold it to Agricole Basket Bond 2022, a programme of the same firm. In 2013, Terre Cortesi issued a 4.9 million minibond with a 5.25% coupon and maturity on 1 July 2018. In 2015, the company raised 5 million with a Milan-listed 6.375% coupon bond maturing on 29 May 2021 that Pioneer Investment Management (a firm that Amundi acquired in 2016) subscribed. Terre Cortesei has sales of 32.7 million, an ebitda of 1.1 million, a net financial debt of 21.3 million, and equity of 25.1 million.
