Download here the BeBeez Private Debt Report 2024 available for the subscribers to BeBeez News Premium and BeBeez Private Data.
Gruppo San Donato (GSD), an Italian healthcare company of the Rotelli Family, received financing facilities of 720 million euros and issued Senior Secured Notes (SSNs) maturing in 2031 for a total principal amount of 800 million at par paying a 6.5% coupon (see here a previous post by BeBeez). The offer for the notes listed on Luxembourg Stock Exchange and Milan’s Euro MTF will close on 28 October, Tuesday. Rothschild & Co, GK Investment Holding, BNP Paribas, UniCredit, Intesa Sanpaolo, Banca Akros, BPER Corporate & Investment Banking, White & Case, BonelliErede, and Linklaters assisted GSD and the banks.
Italian apps developer Bending Spoons may raise from 250 to 350 million US Dollars the capital increase it aims to launch ahead of borrowing 2.5 billion di US Dollars from the banking system (see here a previous post by BeBeez). Some of the company’s financial shareholders that currently own 28% of the business may sell 2 -3% each to other investors such as Baillie Gifford Group that may raise to 6% its current 3.13% on the ground of an enterprise value of 8 – 12 billion.
Gruppo Futura, a developer of renewable energy plants, received a project financing facility of 46 million euros from Unicredit, Banca Monte dei Paschi di Siena, BPER, Banco di Sardegna, and Banca Ifigest (see here a previous post by BeBeez).
Italian wine producer Tenute Piccini 1882 attracted mid and long-term financing facilities for a total of 36 million euros from Intesa Sanpaolo, Banca Monte dei Paschi di Siena (MPS) and CDP which received assistance from GA-Alliance (see here a previous post by BeBeez). Intesa and Banca MPS provided two different revolving loans while CDP awarded two credit lines. Tenute Piccini retained Laroma, Jezzi and Partners and Global Consulting STP. Mario Piccini is the chairman of Tenute Piccini 1882
Milan-listed venture builder Cube Labs said it will launch an up to 4.9 million euros capital increase through the issuance of 2083328 new shares at 2,40 euros each (see here a previous post by BeBeez). The firm will invest such resources in its organic growth and the consolidation of its equity structure.
Italian B-Corp wine producer Feudi di San Gregorio (FSG) issued a 3 million euros bond maturing in 7 years that Finint Investments subscribed and another 6-year item of 2 million in which CDP invested (see here a previous post by BeBeez). The company provided a non-possessory revolving lien on wines in stock as collateral. FSG can keep the pledged assets with the possibility of replacing them while continuing to use them in production or business processes. A solution perfectly aligned with the needs of the wine sector where the warehouse is a strategic asset whose value grows over time as the product ages. Hogan Lovells acted as deal advisor. Antonio Capaldo is the chairman of FSG which will invest the raised proceeds in its organic and international growth and the development of Borgo San Gregorio, a wine resort. Vincenzo Paolo Carbonara is the CDP growth finance head. Luca Novati is he head of Private Debt of Finint Investments. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors CDP, Finint Investments and their portfolio companies. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager.
Italian surveillance company Cittadini dell’Ordine (CDO) issued a five-year 2 million euros minibond paying a floating rate linked to 6M Euribor that Unicredit subscribed and for which SACE provided a warranty (see here a previous post by BeBeez). The Cremonte Pastorello Family owns CDO that will invest the raised proceeds high tech, cybersecurity and risk management.
Italian private debt operators are facing issues for their fundraising despite a steady investment activity, said a report of CDP and AIFI for which Innocenzo Cipolletta act as chairman (press release and slides presentation) (see here a previous post by BeBeez). In 1H25, private debt funds raised 464 million euros (down 21% from 589 million in 1H24) and their transactions are worth 2.1 billion (+66% from 1.27 billion in 1H24). BeBeez preliminary daa say that bonds are worth above 9.7 billion. See here the BeBeez Private Debt Report 2024 and BeBeez Private Debt Report 2023 available for the subscribers to BeBeez News Premium and BeBeez Private Data. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Italian private debt firms 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.
