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Bio Hold, an even joint venture of Vesper Next Generation Infrastructure Fund and Pietro Fiorentini, attracted a 96.5 million euros project financing facility from Banco BPM and Crédit Agricole Italia with the warranty of SACE (see here a previous post by BeBeez). The company will invest such resources in completing the conversion of a portfolio of biomethane plants. Arcus Financial Advisors, Gatti Pavesi Bianchi and Legance assisted the borrower, while the lenders retained PedersoliGattai and Protos Consulting. Sergio Trevisan is the chairman of Bio Hold and coo of Pietro Fiorentini that belongs to Aditeo Nardi, Cristiano Nardi and Mario Pietro Nardi. Livio Fenati, Alfredo De Falco, Paola Rastelli, Olaf Nordmeyer, Giacomo Rossi, and Guillermo Royo-Villanova are the founders of Vesper Infrastructure, a fund with resources of above 1 billion that attracted the money of The European Investment Fund, CDP Real Asset, Cofides (Compañía Española de Financiación del Desarrollo), and others.
SAVE, the manager of Venice Airport Marco Polo, attracted an ESG capex financing facility of 80 million euros from the European Investment Bank (EIB) (see here a previous post by BeBeez). Jean-Christophe Laloux is the EIB coo and head of EU financing and consultancy operations. Enrico Marchi and Giovanni Curtolo are the chairman and cfo of Save, a portfolio company of Ardian and Finint Infrastrutture. Despar Nord, part of the international supermarkets chain SPAR Austria and owner of the licence for the brands Despar, Eurospar and Interspar in Veneto, Friuli-Venezia Giulia, Trentino-Alto Adige, Emilia-Romagna, and Lombardy, attracted a 30 million euros financing from Intesa Sanpaolo (see here a previous post by BeBeez). Stefano Barrese is the head of Intesa’s local banks network which provided the item as part of the S-Loan Lavoro 10 billion programme in support of companies that invest in employment growth and employee welfare. Piercarlo Menotti is the cfo of Despar Nord. Cristina Balbo is the Intesa manager for West Veneto and Trentino-Alto Adige.
Italian dairy products maker Brazzale, a firm that Roberto Brazzale heads, carried on a 10 million euros securitization providing 1,689 tonnes of its stocked cheese as collateral (see here a previous post by BeBeez). Such proceeds will finance the company’s organic growth. Vincenzo Carbonara, CDP head of growth finance, said to BeBeez in April 2026, that the firm was working on a transaction of this kind. Laura Gasparini is the Chief Corporate & Investment Banking Officer of Cherry Bank that also invested in the transaction supporting Magazzino Italia spv that is going to buy the cheese from Brazzale and sell it on the market with the support of the producer for repaying the loan and to finance the purchase of further batches of semi-finished products. The securitization has a 6 – years tenure and the financing of CDP and Cherry Bank received the warranty of a non-possessory pledge on the cheese. However, Gasparini and Carbonara explained that once the structure is up and running, there may no longer be any need to resort to the pledge as such transactions involve the segregation of the securitised assets. The spv could also issue asset-backed notes. CDP and Cherry Bank may carry on similar transaction with companies operating in other agrifood sectors where the process from semi-finished goods to the final product brings clear added value and the loan-to-value ratio therefore falls. Pirola Corporate Finance, Accounting Partners, Cerved Master Services, and Cappelli Riolo Calderaro Crisostomo Del Din & Partners acted as deal advisor. Fabio Stupazzini is the ceo of Magazzino Italia SPV. Andrea Nuzzi is CDP Business Director. Giovanni Bossi is the ceo of Cherry Bank.
Banca Sella and Cassa Depositi e Prestiti are the anchor investors of Basket Bond Puglia – Fondo Minibond Puglia 2021-2027 (BBP), part of the Region’s programme Puglia Moltiplica, that will make available 80 million euros of public funds to cover initial losses, which could provide funding for up to 320 million to support investment of local SMEs (see here a previous post by BeBeez). On 4 June, Thursday, BBP launched the call for potential issuers that may have a turnover of at least 5 million, a 4% ebitda margin and a debt-to-equity ratio below 5X ebitda. The bonds can be of 2 – 20 million, a tenure of up to 7 years and the raised proceeds must finance development in the Apulia region. The issuers may invest the raised proceeds in support for current assets if it relates to ancillary development or expansion activities linked to the development plan. Giorgio De Donno, is the co-coo and vice-ceo of Banca Sella. Giacomo Sella is the head of Sella Investment Banking. Andrea Nuzzi is the CDP Business director. Antonio Decaro is the Governor of the Apulia Region while Eugenio Di Sciascio is the Councillor for Economic Development and Employment and Antonio De Vito is the coo of Puglia Sviluppo. Puglia Moltiplica has resources of di 360 million and aims to stimulate investments worth 2.9 billion with the support of Confidi, Banca Sella, Sella Investment Banking, and CDP. Further programmes of Puglia Moltiplica are:
Equity Puglia (Venture Capital), a co-investment scheme with public funding that Puglia Sviluppo manages in partnership with a private investment fund specialising in venture capital, with investments of up to 10 million euros per transaction. Public funding of 100 million, expected total funding of 200 million, 2x leverage effect, aimed at start-ups, scale-ups and innovative businesses in sectors such as aerospace, artificial intelligence, biotechnology, robotics, digital technology, energy, agri-food and the blue economy.
Finanziamento JTF Taranto: a Just Transition Fund per investment programmes in the province of Taranto, focusing on energy and environmental transition, the circular economy and digitalisation, 25% of the funding may become a non-repayable grant upon achievement of performance targets. Duration: 60 months; loan amounts of 0.01 – 0.2 million. Puglia Sviluppo provided 60 million, with a one-off leverage effect, aimed at micro and small enterprises in the province of Taranto with a turnover of up to 5 million.
MicroPrestito Puglia: subsidised loans in partnership with banks and credit guarantee consortia (Confidi), including a zero-interest portion funded from public resources and a market-rate portion with banking funds; 25% may convert into a non-repayable grant upon achievement of performance targets. Term: 60 months; loan amounts of 0.01 – 0.1 million. Funding of 40 million euros, with a further 80 million euros in new funding with a two-fold leverage effect, aimed at micro-enterprises and the self-employed with fewer than 10 employees and a turnover not exceeding 2 million.
Garanzia per il breve termine (Short Term Facility): A cash guarantee of Puglia Sviluppo for factoring companies, securitisation vehicles or specialist fintech firms, to cash trade receivables. The programme has a budget of 40 million aiming to provide up to 700 million annually (2.1 billion over three years), with a leverage effect of 17.5X in support of Apulian SMEs with short-term liquidity needs linked to trade receivables, invoices, VAT receivables, receivables from the public administration or stock.
Venture Debt: a portfolio warranty of Puglia Sviluppo for reducing the cost of bridge financing leading up to larger venture capital rounds or bank finance, without further equity dilution. Average amount: 2 million; duration of up to 4–5 years. Fund size: 15 million; expected financing: 43 million; leverage effect: 3.3X; aimed at start-ups and innovative businesses. Relaunch & Growth: a co-investment facility with the underwriting on market terms of Puglia Sviluppo which partners with a selected specialised investment fund for supporting organic growth, financial restructuring and the relaunch of sound businesses that are temporarily experiencing difficulties in accessing bank credit. Duration of up to 60 months, average funding amount of 3 million. Funding of 25 million, expected financing of 50 million, leverage effect of 2X.
