Gruppo Saviola, an Italian producer of sustainable furniture components, received a 200 million euros financing facility for its ESG investments (see here a previous post by BeBeez). The company attracted the resources of BNL BNP Paribas, Banco BPM, Crédit Agricole Italia, Deutsche Bank, Gruppo Montepaschi, and UniCredit, while SACE provided a warranty for 80% of the loan. BonelliErede assisted the lenders. Gruppo Saviola retained Studio Molinari Agostinelli.
The 160 million euros capital increase of Italian dairy company Granarolo attracted the resources of FNS – CDP and Enpaia (see here a previous post by BeBeez). The majority shareholder Granlatte, an Italian co-operative company, poured 30 million. Granarolo said to BeBeez that after this transaction, the company will belong to Granlatte (65%), FNS-CDP (100 million for 15%), Enpaia (30 million for 5%), Intesa Sanpaolo (14%), and Cooperlat (2%).
Milan-listed illimity reached a 90 million euros closing for illimity Selective Credit, a vehicle for investing in corporate performing instruments (private equity and subordinated debt), ahead of a 200 million (see here a previous post by BeBeez). The fund attracted such resources from anchor investor Fondo Italiano d’Investimento, pension funds, banks, and illimity itself.
Kruso Kapital (fka ProntoPegno), a pledge credit firm that Intesa SanPaolo sold to Banca Sistema in 2019 for 34 million euros, launched Art-Kredit, a lending platform that receives art items as collaterals (see here a previous post by BeBeez). The unit will provide short-term financing facilities for up to two thirds of the collateral’s esteem value.
Cherry Bank tabled a binding bid for Banca Popolare Valconca (see here a previous post by BeBeez). The target’s extraordinary commissioners Francesco Fioretto and Livia Casale and the advisor Prometeia granted exclusivity talks until 3 May, Wednesday. Banca Popolare Valconca reportedly attracted the interest of Banca Popolare del Lazio, Banca Sella, Banca Popolare Puglia e Basilicata, Banco Desio, Tyche, an undisclosed co-operative bank, and JC Flowers.
Milan-listed SCK Group, an Italian producer of eco-friendly windows, signed a partnership with Banco BPM for the sale of tax credits worth 30 million euros (see here a previous post by BeBeez). The company will increase its capability to sell tax credits. SCK also signed a partnership with Deutsche Bank Easy for managing its tax credits portfolio. SCK has sales of 193.8 million, an ebitda of 35.5 million and net cash of 1.4 million.
Chiron Energy Capital, a renewbale energy company, received from UniCredit a green project financing facility of 17 million euros (see here a previous post by BeBeez). This credit follows the green loan principles and benefits of the funds of the European Investment Bank for the energy transition. Chiron will invest such proceed in the development of 4 renewable energy plants based in the North-East of Italy. Unicredit appointed as advisors Green Horse, EOS Consulting, AON, and KPMG.
Gambini, an Italian paper company received from Intesa Sanpaolo a 2 million euros financing facility for which SACE provided a warranty for 80% of the amount (see here a previous post by BeBeez). Giuliano Gambini (66.7%) and Loredana Iotti (33.3%) own the company which has sales of 74 million, an ebitda of 1.4 million and a net debt of 37.4 million.
