Sources with direct knowledge of the matter said to BeBeez that Italian troubled industrial group Maccaferri attracted the interest of three undisclosed private equity funds (see here a previous postby BeBeez). The company belongs to Ad Hoc Group (a vehicle of Carlyle Global Credit Investment Management, Man GLG and Stellex Capital Management) which hired Lazard, DLA Piper and Latham & Watkins as advisors. These shareholders are the main investors of a 190 million euros bond with a 5.75% coupon and maturity in 2021 that Maccaferri issued in 2014.
Banca Sistema and Macquaire, the creditors of troubled Italian football club Sampdoria, aim to find investors for the 30 million euros 18-months convertible bond with a 10% coupon by 30 April, Sunday (see here a previous post by BeBeez). Antonio Romei and Gianni Panconi, two directors of Sampdoria, and Eugenio Bissocoli, the receivership advisor, are going to meet the FIGC (The Italian Football Federation) for discussing solutions that would protect the team’s creditors, including the proposal of Merlyn Partners that aims to acquire the sport unit of the company.
Ingenii, an alternative asset manager with focus on mid-market direct lending, is close to launch Ingenii Open Finance (see here a previous post by BeBeez). The vehicle raised 100 million euros ahead of a 120 million target. The fund will issue mid- and long-term loans (each ticket worth in the region of 0.170 million) to Italian SMEs that have access to the MCC warranty. KPMG Corporate Finance acted as financial advisor for Ingenii. Paolo Testi, Piero Sergio Lonardi and Annibale Ottolina head the firm. Michela Lachin and Riccardo Bramante are independent directors. Testi said to BeBeez that the firm aims to develop long-term relations with borrowers.
On 24 April, Monday, expired the non-binding deadline for exclusivity talks about the minority (40%) sale of ITA Airways between the Italian Ministry of Economy and German Lufthansa (see here a previous post by BeBeez). Antonino Turicchi, the chairman of ITA Airways, previously said that the parties reached a substantial agreement about the structure of the transaction. However, as BeBeez said, the German airways company is bargaining for paying the asset 200 million euros, less than previously reported price of 250 million.
Change Capital launched Tax Credit Point, a digital B2B marketplace for the sale of corporate tax credits (see here a previous post by BeBeez). Francesco Brami is the ceo of Change Capital and founded the business with Tiziano Cetarini in 2019. The company has sales of 1.2 million euros, an ebitda of minus 37,145 euros, net debt of 81,444 euros and equity in the region of 0.622 million.
