Download here the BeBeez Private Debt Report 2024 available for the subscribers to BeBeez News Premium and BeBeez Private Data.
US renewable energy firm Enfinity Global, an asset in which London-listed ICG carried on an equity investment of 420 million US Dollars in 2023, received financing items for a total of 316 million euros from ING, Rabobank and BNP Paribas (see here a previous post by BeBeez). The club deal facility includes a senior non-recourse debt of 214 million, 101 million VAT, PPA credit lines, photovoltaic modules and decommissioning obligations. Enfinity will invest such resources in the development of eight photovoltaic plants in Italy. Bondholders acted as facility, documentary and security agent. Gianni&Origoni advised the lenders. Carlos Domenech and Julio Fournier Fisas act as ceo and Europe General manager of Enfinity which retained Bird & Bird, Astris Finance, Vector Renewables, PricewaterhouseCoopers, and MAG Consulting. Thomas Beaumont is the EMEA head of Energy Origination of BNP Paribas. Diederik van den Berg, is ING’s Global Lead Renewables & Power. Marc Schmitz is Rabobank’s head of Project Finance Europe and Asia.
Italian insurance broker Edge Group, a portfolio company of AnaCap Financial Partners, places a senior secured bond that Macquarie Principal Finance subscribed with the support of Linklaters (see here a previous post by BeBeez). A&O Shearman assisted AnaCap. Edge Group will carry on an initial issuance of 20 million euros and a multi-tranche issuance of Committed ACF (Account Credit Facilities) of up to 20 million (see here the notes of the board of directors meeting available for the subscribers to BeBeez News Premium and BeBeez Private Data). Both the items will mature in 2032 and pay a coupon of euribor plus 5.25% – 6.25%, depending on the borrower’s net debt evolution. The least investment ticket is of 0.1 million. Edge will invest such proceeds in refinancing its liabilities, supporting its cash availability and paying back a 3 million credit line that Banca Progetto provided in April 2025. The Committed ACF will support eventual M&A deals. Edge provided its shares as pledge for these liabilities. Banca Finanziaria Internazionale will act as guarantee and bondholder representative. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors AnaCap Financial Partners, Macquarie Principal Finance and their investments. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
SI.VE., the owner of Omnia Hotels,received a 30 million euros financing facility from UniCredit for the company’s cash flow and digitalization (see here a previous post by BeBeez). The borrower belongs to Lorenzo Lazzarini (99.81%) and Anna Maria Cherubini (0.19%). Riccardo Lazzarini and Francesco Lazzarini are the co-ceos of Omnia Hotels. Roberto Fiorini is Unicredit’s Regional Manager for Central Italy.
Angela Destino’s Italian renewable energy company EN.IT received a multiline project-holdco financing of more than 20 million euros from BPCE Energeco – BPCE Bail (see here a previous post by BeBeez). EN.IT received assistance from BonelliErede and will invest such proceeds in the development of photovoltaic plants. BPCE Energeco retained Green Horse Advisory while Milan’s Trezza Forino acted as public notary.
Lanzi, an Italian player in the safety field, said it acquired Gardening, a producer of disposable medical gloves, from club deal BF & Company (60%), Andrea Clerici (20%) and Antonio Clerici (20%) (see here a previous post by BeBeez). BF cashed a 6X return on invested capital with an above 35% gross annual IRR for the six-year in which it owned the asset. Banca Valsabbina and Intesa Sanpaolo financed Lanzi Group. Gardening retained BF & Company, DWF (Italy) and GPD Studio legale. Lanzi Group received assistance from Studio Nada, M.C.M. Consultants, PwC, Studio Giurioli, and PedersoliGattai. Alessandro Bartolini is a managing partner of BF & Company. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors BF & Company, Banca Valsabbina and their investments. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
Ropes & Gray, Boston-based international law firm with a focus on private capital, appointed Latham & Watkins alumni Cataldo (Aldo) Piccarreta, Giorgia Lugli and Luca Maranetto as co-heads of the European Private Equity Transactions practice and for leading the Milan office in Via Broletto 46 (see here a previous post by BeBeez). Julie Jones is the chairwoman of Ropes & Gray.
In 1H25, Solution Bank (fka Credito di Romagna), a subsidiary of Hong Kong’s SC Lowy, issued corporate financing facilities worth 200 million euros and generated gross profits of 8.7 million with a 58% Cost Income ratio, an above 10% annualized ROE, more than 20% CET1, and 200% Liquidity Coverage (see here a previous post by BeBeez). Frank Fogiel is the ceo of Solution Bank.
