Banca IFIS Group’s Interbanca closes a new structured finance deal
- Enterprise and manufacturing
- Gruppo Banca IFIS
- Interbanca S.p.A.
The Group has financed Carlyle private equity fund’s acquisition of Golden Goose
Milan, 7 March 2017 – Interbanca (part of the Banca IFIS Group since November 2016) has concluded an important, new, structured finance deal.
Interbanca has organized a syndicated loan, together with other banks (Unicredit, Banca IMI, Banca Popolare di Milano and the Mediterranean Bank), to help the private equity fund Carlyle in its acquisition of the Golden Goose Deluxe Brand, the luxury shoe brand founded in 2000 in Venice by Francesca Rinaldo and Alessandro Gallo and whose revenue increased from 30 million in 2013 to 100 million in 2016.
The American fund Carlyle reached an agreement with Ergon Capital Partners to purchase 100% of the Golden Goose Group through a newly set-up vehicle company controlled by the Carlyle Group. This investment aims to help international expansion and strengthen the e-commerce channel.
Cataldo Conte, Interbanca’s Structured Finance Manager, commented: “We are pleased we have completed this new structured finance deal which demonstrates Banca IFIS’s focus on lending support to worthy Made in Italy companies in their acquisitions and growth processes. We are confident that this operation will help Golden Goose in its future developments”.