Europa Investimenti, an investor in distressed credits and companies in turnaround that belongs to Gruppo Arrow, helped the creditors of Unieco, an Italian cooperative construction firm that is in liquidation, received 130 million euros out of 350 million (see here a previous post by BeBeez). The fund SGT ACO Umbrella, of which Europa Investimenti is the advisor, subscribed the asset backed noted that the securitization vehicle Arrow Credit Opportunities (ACO SPV) issued. Zenith Service (part of Arrow) acted as corporate and master servicer del veicolo. ACO SPV retained as advisors Studio Legale S.T.V. and Osborne Clarke. Daniele Patruno is the ceo of Europa Investimenti. Unieco also sold Le Piazze, a 21000 sqms shopping mall based in Bologna area, (see here a previous post by BeBeez). Ways Advisory assisted Unieco as financial advisor for selling the asset and negotiating the vendor’s 15 million debt.
Ansaldo Energia, a company that belongs to CDP Equity (88.3%) will launch a capital increase of up to 580 million euros after having posted losses of 559 million (-583,3 milioni rispetto all’anno precedente) with intangible assets worth 390 million (see here a previous post by BeBeez). Ansaldo Energia appointed as advisors Mediobanca, Chiomenti, Studio Zoppini, EY, and Studio Laghi. The company extended to 2027 the maturities of mid-long term financing facilities of 450 million for which Sace provided its warranty. Wepartner and Lazard assisted the lenders. The current company’s shareholders may subscribe the capital increase at 0,31906 euros per share by 30 April 2024.
Aser Capital Limited (Andrea Radrizzani), Qatar Sports Investments and Gestio Capital (Matteo Manfredi) acquired troubled Italian football club Sampdoria (see here a previous post by BeBeez). The Ferrero Family sold the team through the issuance of a bond and the launch of a 40 million euros capital increase. Sampdoria reportedly attracted the interest of Merlyn Partners and ERG. Banca Sistema and Macquaire Group will structure the convertible bond.
Cassa Depositi e Prestiti invested 25 million euros in October SME V, a direct lending eltif with resources of 120 million (ahead of a target of 400 million) that French SMEs lending platform October launched 120 milioni (see here a previous post by BeBeez). The fundraising target is of 400 million. October SME V is a French Eltif Article 8 SFDR – compliant that will target SMEs based in France, The Netherland, Italy, Germany, and Spain.
Iconic Italian sweet producer Paluani 1921, a business of the Campedelli Family, bankrupted (see here a previous post by BeBeez). Verona Court appointed Andrea Rossi and Matteo Creazzo as insolvency administrators for the company that has debts of 82 million euros and cash of little above 0.815 million.
IntesaSanpaolo said it provided IRR Solar Alba, a subsidiary of investment firm Italian Renewable Resources (IRR), with a 17.5 million euros financing facility (see here a previous post by BeBeez). IRR Solar will invest such proceeds in the optimization of a five photovoltaic plants with a total power of 5 MW. Intesa SanPaolo also signed an agreement with PIva Group for the secondary sale of tax credits worth 29 million. The bank acquired 4.48% of SevenData and signed a partnership with Confartigianato-Associazione Artigiani of Asti for the investments in local SMEs.
In January – May 2023, gross Italian NPE deals amounted to 2.9 billion euros for 12 deals (See here the deals for January – May 2023 available for the subscribers to BeBeez News Premium and BeBeez Private Data) (see here a previous post by BeBeez). Investors closed 60 deals with a face value of 35 billion in 2022 and 77 transactions worth 27 billion in 2021 (see here Report NPL 2021 of BeBeez and see here the Report Npl 2020 of BeBeez available for the subscribers to BeBeez News Premium and BeBeez Private Data).
