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Inter Media and Communication, the manager of media, broadcasting and sponsoring activities of Iconic Italian football team FC Inter, said that on 26 June, Thursday, it will repay earlier than scheduled the 2022 6.75% 415 million euros bond issuance maturing in 2027 (see here a previous post by BeBeez). Since 2022 FC Inter improved its financials while in 2024 Oaktree Capital Management took over the asset from Chinese Zhang Family. On 25 June, Wednesday, the Italian team will receive a financing facility that will provide the necessary cash for the deal. FC Inter will repay a total of 412 million, 101.6875% of the bond’s face value that already decreased by 15 million after a partial buy back and accrued and not yet paid interest.
Siblings Guido (chairman) and Enrico Gennasio (ceo), the even owners of Italian manufacturer of integrated systems for industrial and hydraulic fluid management Alfa Gomma, did not reach an agreement for the reorganisation of the capital and appealed to Milan court for the voluntary liquidation of the holding that controls company (see here a previous post by BeBeez). The procedure will not affect the more than 40 operating companies, which will continue their activity. In late May 2025, the court appointed Andrea Amaduzzi, Claudio Calabi and Enrico Cotta Ramusino as liquidators. The managers will form a college that will make decisions to enhance the assets based on the majority principle. Market rumours say that Alfa Gomma could be of interest to Paris-listed giant Michelin Group, Gates Industrial Corporation, Trelleborg Group, and Continental. The target could be worth 10x-12x Ebitda. Alfa Gomma has sales of 650 million euros, an ebitda of 104.5 million and net debts of 184 million.
Gruppo Bardelli, an Italian producer of high-end ceramics, received from Solution Bank a 4.5 million euros financing facility for closing ahead of schedule the restructuring agreement that signed in 2021 with its lenders (see here a previous post by BeBeez). Such resources will provide the company with cash and support new investments. Deloitte, Chiomenti and Ashurst assisted Bardelli which has sales of 22 million.
My Credit, an investor in secured NPLs and UTPs, signed an agreement with Milan-listed Borgosesia for selling a portfolio of real estate development projects worth 145 million euros (see here a previous post by BeBeez). Borgosesia will act strategic and development advisor and agent for the sale of such projects. Davide Schiffer is the ceo of Borgosesia. Mirko Tramontano is the founder of My Credit.
Italian mechatronic company Zetronic (fka Molex Zetronic) received the support of Integracy for attracting mid and long-term financing facilities worth three million euros with the warranty of SACE from BVR – Banca Veneto Centrale and other lenders (see here a previous post by BeBeez). Zetronic recently signed a 3 million white knight deal for acquiring 52% of troubled Milan-listed Estrima, a producer of electric minicars that could not reach an agreement with its lenders. Estrima has sales of 31.9 million, an ebitda of 0.5 million (minus 1.8 million in 2023), net losses of 2.1 million (net losses of 11.9 million), equity of 5.2 million (7.4 million), and a net financial debt of 4.9 million.
Anima Alternative part of Milan-listed Anima Holding said it attracted 100 million euros in commitments for Anima Alternative Growth ahead of a target of 150-200 million (see here a previous post by BeBeez). Anima Alternative Growth will invest in hybrid capital instruments such as mezzanine debt, PIYC (Pay if you can) financing, preferred equity and minority equity units, which are particularly suitable for building tailor-made patient capital solutions. The aim is to offer flexible solutions tailored to the needs of Italian SMEs and, to a lesser extent, of the Eurozone, which have historically been less served by these types of instruments than large companies. The new strategy is Article 8, SFDR – compliant and as such aims to invest in companies that have a positive approach to ESG issues.
