Milan, February 8, 2017 – Soon after the recent acquisition of the former Interbanca Group, Banca IFIS scores the first important Structured Finance deal closings.
The operations are clear evidence of how the Banca IFIS Group is positioning itself as the “go to” Italian provider of financial support to micro, small and medium-sized Italian companies, offering support in the area of financing transaction structuring for acquisitions and reorganizations.
Recently Interbanca has signed a syndicated loan of 65.8 million euro to support Xenon Private Equity in the acquisition of ADI Group through its subsidiary Surfaces Technological Abrasives, world leader in the machine tools market for lapping and finishing of ceramics. ADI group, based in Thiene (Vicenza), is specialized in the production and marketing of tools for the ceramic industry, stone, glass, mechanics and optics.
The second Structured Finance deal was finalized with Zobele, an Italian company founded and operating in Trento, which specializes in personal and domestic consumer products, boasting a clientele which includes some of the world’s leading industrial groups. In 2006, Zobele decided to let a private equity fund: Doughty Hanson become part of its capital, thereby managing the generational transition.
Interbanca has agreed to a syndicated loan for the Zobele Group, for a financing of 210 million euro, together with other institutions (HSBC, Natixis and Unicredit acted as Mandated Lead Arrangers).
The third Structured Finance operation was part of the WISE Fund acquisition of a majority stake in Tapì Group. Tapì, based in Massanzago (Padua), is the worldwide leader in the design and manufacture of T caps (bar-top closures) for the premium and super premium spirits sector
Interbanca took part in the acquisition as Mandated Lead Arranger (MLA), along with two other institutions (Crédit Agricole FriulAdria and BPER Bank).
Giovanni Bossi, Banca IFIS CEO, commented: “Our first structured finance deals are an important signal we are sending to the market. We have both, the ability and the willingness to support honest “Made in Italy” businesses and corporate finance transactions investment funds”.
Cataldo Conte, Structured Finance Manager of Interbanca, added: “I am proud to validate the presence of the Banca IFIS Group in an industry that is able to respond with advanced tools to the renewed need for development of entrepreneurs and of their projects, in Italy. Structured finance is the ideal tool to support long-term projects and does not stop with the implementation of the funding but accompanies companies at different stages of their development”.