Italian Green Bond Fund, a vehicle of UK-based infrastructure and private equity investor Foresight Group, will soon rebrand as Green Infrastructure Debt ahead of a listing on Milan market by February 2023 (see here a previous post by BeBeez). Italian Green Bond Fund already allocated 75 million euros through the subscription of minibond. Foresight Group declined to disclose the new fundraising target for the vehicle that also aims to attract HNWIs, family offices and semi-professional investors willing to pour at least 0.125 million for a net IRR of 6% – 8%. Lazard and Banca Akros are advising for the fundraising Green Infrastructure Debt, an article 9 Sfdr products, that will target deals in Italy (70%) and Europe in the fields of solar and Aeolian energy, biogas, public lighting, corporate energy efficiency, sustainable, and renewable energy.
Ital Gas Storage (IGS), an Italian energy company that belongs to F2i (51%) and Morgan Stanley Infrastructure Partners (49%), received a 142 million euros financing facility from Banco BPM, Bayerisce Landesbank, BNP Paribas, CaixaBank, Intesa Sanpaolo, Mufg Bank, and Société Générale (See here a previous post by BeBeez). Arcus Financial Advisors and Gianni & Origoni assisted Ital Gas Storage while BonelliErede advised the lenders that provided a non-recourse project financing item. The company will invest such proceeds in developing its plants.
Autotorino, an Italian car dealer, acquired from Intesa Sanpaolo a 200 million euros tax bonus portfolio (see here a previous post by BeBeez). Sources said to BeBeez that Autotorino will pay four annual tranches of 50 million.
Italian contractor Cimolai is facing financial issues, press reports said (see here a previous post by BeBeez). Luigi CImolai, the company’s ceo could face margin calls for derivative contracts worth 400 million euros and hired Lazard for the appraisal of such portfolio and launch a capital increase that could be of interest to foreign competitors. The company signed derivative contracts with Deutsche Bank, Unicredit and Intesa Sanpaolo. Cimolai siad that its order book is worth 800 million.
Compagnia Valdostana delle Acque (CVA), a renewable energy company that belongs to Regione Autonoma Valle d’Aosta, received from Unicredit a green financing facility of 100 million euros for achieving ESG targets(see here a previous post by BeBeez). The two 50 million credit lines, a long-term item and a revolving credit facility, are both sustainability linked. CVA committed to reduce its CO2 emissions through the production of energy out renewable sources. The company has sales of 658 million, an ebitda of 179 million and a net debt of 212 million.
Casa della Salute, an Italian healthcare company that belongs to Italmobiliare (84.63%), received a 30 million euros financing facility from Banco BPM (see here a previous post by BeBeez). The company also launched a capital increase of 5 million (Italmobiliare subscribed 4.3 million). Marco Fertonani is the ceo of Casa della Salute who will invest the proceeds in its organic growth.
IMI Corporate & Investment Banking provided UAE’s Bee’ah Sharjah Environmental, a waste management company, with a financing facility (see here a previous post by BeBeez). Sace provided a warranty for 80% of the amount as part of its Push Strategy programme that aims to incentivise foreign companies in hiring Italian suppliers.
