Download here the BeBeez Private Debt Report 2024 available for the subscribers to BeBeez News Premium and BeBeez Private Data.
Venice Hotel Bauer, an asset that Mohari Hospitality and Omnam Investment Group acquired in 2024 from troubled Austrian real estate investor Signa, attracted 280 million euros from an unisclosed pool of lenders for refinancing its debt and carrying on refurbishing works (see here a previous post by BeBeez). Bauer detailed the transaction in the additional notes to its 2024 financials available for the subscribers to BeBeez News Premium and BeBeez Private Data. In 2020, Signa acquired Hotel Bauer from Elliott.
Voilàp, an Italian provider of smart solutions for the urban and industrial sectors, acquired troubled German Stürtz Group, a producer of PVC processing machines that private equity capiton acquired in 2021 from CGS Management (see here a previous post by BeBeez). Intesa Sanpaolo and Banco BPM financed Voilàp which also received support from Beceptum International and Linklaters. In July 2024, Stürtzfiled for insolvency with the District Court of Neuwied and appointed Britta Hübner, the ceo of Hübner Management, as chief restructuring officer. Stürtz has sales in the region of 65 million euros. Valter Caiumi is the ceo of Voilàp, a company that belongs to the Caiumi Family (75%) and Ermanna Fieni (25%).
Italian B-Corp food company Biscotti P. Gentilini that belongs to ceo Paolo Gentilini issued a convertible bond that Fondo Salvaguardia Imprese – Invitalia subscribed and attracted fresh credit resources from Banco BPM and Mediocredito Centrale – Banca del Mezzogiorno (see here a previous post by BeBeez). Banca Finnat Euramerica assisted Gentilini which will invest the raised proceeds in relaunching the business ahead of a listing. The company may also issue another convertible bond that Fondazione Rosa e Giovanni Melchiorri Ente del Terzo Settore and ceo Gentilini will subscribe.
