TeamSystem, an Italian publisher of management software that belongs to Hellman&Friedman and Hg Capital, carried on the private placement of a floating rate senior secured bond of 185 million euros maturing in 2028 (see here a previous post by BeBeez). The bond will pay a coupon with a rate of 3M Euribor (zero floor) + 625 bps. TeamSystem will carry on the issuance and the settlement of the bond on 6 October, Thursday, and will apply for a listing on Vienna market. The company will invest the raised proceeds in M&A transactions and the refinancing of liabilities and of a credit revolving facility of 180 million.
By 2025, Nexi, a Milan-listed paytech expects to generate cash for 2.8 billion euros to invest in m&a, dividend payment and debt reduction (See here a previous post by BeBeez). The company will also carry on a partial buyback of two bonds for a maximum of 400 million euro.
[email protected] Capital (o SYME), a London-listed fintech for the monetization of stoked goods that Alessandro Zamboni founded, closed its first inventory monetisation transaction with an undisclosed company (See here a previous post by BeBeez). The transaction is worth 1.6 million euros and involves an Italian producer of industrial vehicles.
Riello Investimenti Partners’ private debt Impresa Italia II subscribed a 6 million euros bond of Montalbano Acque, a Sicilian bottler of mineral water for the horeca sector (See here a previous post by BeBeez). The company will invest these proceeds in implementing circular economy processes. Montalbano Acque retained Cap Advisory as arranger and financial advisor and PWC – TLS as legal counsel while Gianni & Origoni and La Croce assisted Riello Investimenti Partners. Montalbano Acque has sales of 10.4 million.
Il Valutatore, an Italian car dealer, issued a green bond of 3 million euros that Unicredit subscribed (see here a previous post by BeBeez). The company will invest such proceeds in implementing ESG strategies that Ecovadis will audit. Il Valutatore has sales of 10 million, an ebitda of 0.3 million and a net financial debt of 4.2 million
Intesa Sanpaolo provided Bluenergy, an Italian multiutility, with a financing facility of 35 million euros that has the warranty of SACE (See here a previous post by BeBeez). The company will invest these proceeds in financing the gas stocking. Bluenergy belongs to the Curti Family and has sales of 416 million with an ebitda of 32.1 million
Coswell, a producer of beauty care products that belongs to the Gualandi Family, attracted two green financing facilities of 20 million euros (See here a previous post by BeBeez). SACE provided a warranty for both the facilities that the company will invest in the implementation of ESG strategies. Coswell received a 15.6 million loan with a tenure of 5 years and a 6-years loan of 4.4 million. Both the facilities are part of the S-Loan programme of Intesa Sanpaolo for supporting ESG strategies of Italian companies.
Servizi Ambientali Veneto Nord Orientale (SAVNO), an Italian waste management company, received a green loan of 4 million euros from Intesa Sanpaolo with the Green Warranty of SACE (See here a previous post by BeBeez). The company will invest such proceeds in its 2022-2025 investments for implementing ESG strategies. Savno has sales of 37.3 million, an ebitda of 4.7 million and net cash of 4.5 million
Industrie llpea, and Italian producer of industrial components, received from Crédit Agricole Italia a 15 million euros financing facility for supporting the company’s five years growth (See here a previous post by BeBeez). The company will invest such proceeds in its organic growth. Ilpea has sales of 279 million, an ebitda of 43.4 million, net profits of 16.9 million, and a net financial debt of 82.3 million.
Market Watch report of Milan-listed Banca Ifis said that at the end of 2022 the amount of NPEs of Italian banks will decrease and the median NPE ratio will be below 3.2% (4.1% at the end of 2021) (See here a previous post by BeBeez and here Ifis report). NPE Report NPE of BeBeez for 1H22 (available for the subscribers to BeBeez News Premium and BeBeez Private Data, the Database that BeBeez developed with FSI) said that market participants closed transactions for 14.6 billion euros.
Italian Government’s distressed assets manager AMCO placed a senior unsecured bond of 500 million euros maturing on 27 march 2026 with a fixed coupon of 4.375% (see here a previous post by BeBeez). Deutsche Bank, IMI-Intesa Sanpaolo, Mediobanca, Morgan Stanley, and Santander acted as joint lead managers. The issuance received a BBB rating from Standard & Poor’s and Fitch.
Fimer, a company active in the field of solar energy and electric mobility (produces inverters for photovoltaic systems and electric columns ), was admitted by the Court of Arezzo to a continuity arrangement procedure (see here a previous post by BeBeez). The company will receive fresh resources of 45 million euros from Generalfinance.
