Muzinich & Co announced the first 210 million euros closing for Muzinich Pan-European Private Debt (See here a previous post by BeBeez). The previous closing of February 2019 amounted 706.5 million. Kirsten Bode is the Co-Head of Private Debt, Pan-Europe of Muzinich. In December 2019, Muzinich made the final closing of 450 million for Firstlight Middle Market Eltif (European Long Term Investment Fund) a vehicle launched in partnership with Cordusio sim.
Bomi, a logistic company for the biomedic sector that belongs to private equity Archimed, issued a minibond of 15 million euros (See here a previous post by BeBeez). The transaction is part of Elite Basket Bond Lombardia, the 100 million programme of Cassa Depositi e Prestiti (Cdp), Finlombarda and Banca Finint. Bomi has sales of 126 million (117.8 million yoy), an ebitda of 12.1 million (11.3 million) and a net financial debt of 35.2 million (25.5 million). In April 2014, the company issued a 1.5 million bond that First Capital and Madison Capital subscribed. Sign up here for BeBeez Newsletter about Private Debt and receive all the last 24 hours updates for the sector.
Energetica, an Italian energy company, issued a two-tranches bond worth 4 and 1.4 million euros to complete by 31 December 2020 (see here a previous post by BeBeez). The bond is due to mature by 30 June 2026, has an amortizing structure and pays a 5% coupon. Anthilia Capital Partners invested in the liability. Energetica has sales of 15.2 million, an ebitda of 7.8 million and a net financial debt of 32.2 million and will invest the raised proceeds in its organic development.
Alessi Domenico, an Italian jewels producerm, issued a Milan-listed bond that pays a 4.2% coupon due to mature on 8 May 2021 (See here a previous post by BeBeez). The company programmed the issuances of short-term minibonds for a total of 3 million euros and the size of one million each. The company belongs to the Alessi Family and will invest such proceeds in its working capital. Alessi has sales of 83.6 million with an ebitda of 2 million and a net financial debt of 6.1 million. Sign up here for BeBeez Newsletter about Private Debt and receive all the last 24 hours updates for the sector.
E11E, a subsidiary of photovoltaic energy company E2E, received from Unicredit a financing facility of 52.8 million (see here a previous post by BeBeez). E2E has sales of 38 million with an ebitda of 33 million. The company will invest such proceeds in acquiring renewable energy facilities based in Itay. E2E reportedly hired Ubi Banca and L&B Partners for selling a portfolio of photovoltaic plants with a power of 32.5 MW. Binding offers are due by the end of September. The asset attracted the interest of Tages, NextEnergy Capital, Cubico, Obton, and F2i’s portfolio company EF Solare.
Earlier in August, Installazioni Impianti received a 5.5 million euros financing facility from Unicredit with the warranty of Fondo Centrale (see here a previous post by BeBeez). The company will invest the resources of this loan with a tenure of 36 months in supporting its working capital. Energetica has sales of 36 million.
GWC, a producer of industrial valves for the energy sector of which B4 Investimenti has a stake, received a six-years financing of 5 million euros from Montepaschi and for which Mediocredito Centrale provided a 90% warranty (see here a previous post by BeBeez). In March 2015, a group of private investors that Paolo Antonio Palella led and B4 Investimenti carried on a Buy-In Management Buyout (BIMBO) transaction for acquiring GWC from David Brian Meador who reinvested for a minority. In October 2019, press rumours said that GWC attracted the interest of private equity Ardian, Aksìa, Andera, and other unnamend funds on the ground of an enterprise value of 90-120 million.
Gwm launched Commercial Real Estate Opportunities Fund Italy – Credo Italy, a vehicle for investing in Italy’s commercial real estate debt (See here a previous post by BeBeez). Gwm also launched Luxembourg-based veichle Credo Raif for investing in senior real estate debt in Italy. Gwm has assets under management for 4.2 billion euros.
Enel X, a subsidiary of Milan-listed Enel, signed a partnership with lending platform October for supporting the plans of SMEs (see here a previous post by BeBeez). Earlier in August, Enel X appointed Matteo Concas as Head of Financial Services. The clients of Enel X may gain access to the services of October and raise the funds for implementing smart energy and energy efficiency projects. Sergio Zocchi is the country manager of October Italia which financed 219 business projects and issued 91 million of loans (dati a fine luglio 2020).
CrowdFundMe, a Milan-listed equity crowdfunding portal, launched a call for SMEs that aim to issue minibonds (see here a previous post by BeBeez). Applicants may have sales of at least 5 million euros with a debt of not above 3X ebitda and have recorded a positive profitability in the previous two years. Each issuance can be of up to 8 million.