CEME, an Italian industrial company that belongs to Investindustrial, isued a 360 million euros senior secured bond maturing in 2031 that received a B rating with stable outlook from S&P and Fitch (see here a previous post by BeBeez). The agency graded the company with a B rating. The company will invest such proceeds in refinancing liabilities for 304 million, repaying a shareholder loan of 85 million and paying fees and commissions of 14 million. Ceme also received a revolving super senior multicurrency (RCF) credit line of 67.5 million. The company will also repay a debt of 69 million for its US subsidiary. S6P said that after such a deal, the pro-forma debt of CEME will amount to 427 million.
FSI, Banco BPM and BCC Iccrea launched Numia, an e-money player (see here a previous post by BeBeez). Numia belongs to FSI (42.86%), Banco BPM (28.57%) and BCC Banca Iccrea (28.57%). Banco BPM received for the contributed assets an immediate consideration of 500 million euros with an upfront cash component of more than 200 million and eventually a further 80 million. The upfront gain accrued on the transaction determines a positive impact on Banco BPM’s fully-loaded CET1 ratio of approximately 88 basis points, while its acquisition of the equity investment in Numia will lead to an increase in deductions from capital, with an effect on the CET1 ratio of -49 bp (for an overall impact, before dividend payout, of +39 bp). Banca Ifis, Banca Monte dei Paschi di Siena, Banca Nazionale del Lavoro, Banco BPM, Banco Santander, BPER Banca, Crédit Agricole Italia, BCC Banca Iccrea, Intesa Sanpaolo, and UniCredit financed the transaction and retained Simmons & Simmons. Tikehau Capital provided further financing with the support of PedersoliGattai. Numia Group, Numia, FSI and BCC Iccrea hired Gianni & Origoni, KPMG, Vitale&Co, and SBNP. Legance – Avvocati Associati, Bain & Co and Deloitte Financial Advisory advised Banco BPM. Massimo Arrighetti and Fabio Pugini will act as chairman and ceo of Numia. The company’s directors are Marta Bergamaschi, Sabrina Cirillo, Angelo Colla, Pietro Galbiati, Ruggero Redaelli, Stefano Rossetti, Fabrizio Tria, Marco Tugnolo, and Luca Vanetti.
Acque Bresciane received a 55 million euros sustainability linked loan from Intesa SanPaolo, BNL BNP Paribas, Banco BPM, and BPER Corporate & Investment Banking (see here a previous post by BeBeez). Legance Avvocati Associati and Agenia advised for the transaction. Acque Bresciane will invest such proceeds in the implementation of ESG strategies.
Pusterla 1880, a premium packaging company in which Andera Partners invested in 2020, attracted a 30 million euros financing facility from Crédit Agricole Italia, BNL BNP Paribas and Deutsche Bank (see here a previous post by BeBeez). The firm will invest such proceeds in its organic development.
Chiron Energy SPV 16, a vehicle that belongs to Chiron Energy Capital (a renewbale energy company that belongs to the Pesaresi Family), received from Unicredit a financing facility of 5.5 million and another of 12 million that has the warranty of SACE (see here a previous post by BeBeez). The company will invest such proceeds in the development of its photovoltaic plants pipeline in Italy.
Equita Capital‘s Private Debt Fund III (EPD III) said it raised 106 million euros ahead of a 300 million target while closing a subordinated financing deal of 8 million for supporting the working capital of a healthcare company that belongs to a private equity (see here a previous post by BeBeez). Paolo Pendenza heads the private debt department of Equita
