Italy’s NPLs and private debt weekly roundup. News from Intesa Sanpaolo, Anthilia Capital Partners, Antares AZ1, Finint Investment, Acaya, Equita, Green Arrow

Italy’s NPLs and private debt weekly roundup. News from Intesa Sanpaolo, Anthilia Capital Partners, Antares AZ1, Finint Investment, Acaya, Equita, Green Arrow
Players of the Private debt and NPL markets are hectically active. Intesa Sanpaolo aims to support SMEs, said Stefano Barrese, head of Banca dei Territori  (see here a previous post by BeBeez). Barrese said that the bank poured 1.6 billion of euros in SMEs in 2018. Intesa Sanpaolo also issued 1.3 billion for financing the 4.0 Industry; allocated 5 billion for the circular economy Sace (part of Cdp), and 100 million for financing internationalization processes of SMEs. Microcast, an Italian producer of industrial components, listed a 3 million of euros minibond due to mature on December 2023 and paying a coupon 5.4% that the two private debt funds managed by Anthilia Capital Partners sgr subscribed (see here a previous post by BeBeez). Microcast has sales of 18.7 million, an ebitda of 1.64 million and net financial debt in the region of 7 million will invest such proceeds in its organic growth and M&A. The company recently acquired ATS–Microfund, Mec.Pi, and F.lli Bucciol. Barbara Ellero, Anthilia Capital Partners’ investment manager and head of private debt investment, said that the two private debt funds portfolios have a gross yield of 5.6% with a 4 years residual life and a median duration of 2.5 years as all subscribed issuances have an amortizing structure. Furthermore, the European Investment Fund provided a guarantee for 7% of the value of the fund portfolio. The next private debt fund of Anthilia may raise 300 million and will inves[...]

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