Milan, 22 december 2015
Avvalor Corporate Solutions, an Italian company specialized in corporate finance , “Partner Equity Market” of the Italian Stock Exchange, has assisted Tecnocap Spa in the structuring and issuing of its first Minibond.
The secured bond (listed with ISIN code IT0005157653) has an amount of EUR 4 million, a term of six years and a fixed annual coupon of 6.375%.
The capital will be repaid in four installments while the Interest will be paid semi-annually. The loan is repayable after a grace period of 30 months from the issuing date.
The bond is admitted to trading on the professional segment of the ExtraMOT market today December 22, 2015.
Tecnocap SpA, a leading company in the field of metal closures, received the ELITE certificate from Italian Stock Exchange in November 2014.
The issue underwritten by the fund Pioneer Project Italian will aim to support the industrial group in its growth abroad and in certain market segments.
Pioneer Investments, subscribed the bond issued by Tecnocap through Pioneer Progetto Italia, a closed fund for qualified investors, specialized in investments in bonds issued by small and medium-sized Italian companies (Minibond).
Michelangelo Morlicchio Tecnocap Group CEO, said: “The issue of our first Minibond fits into the strategy of strengthening our financial structure through the use of the various opportunities offered by the Capital Market, initiated a few years ago with the participation in the project Elite of Borsa Italiana, which should be completed with the possible Quotation of our company on the AIM market of the Italian Stock Exchange, specialized in SMEs.
I am particularly pleased with the choice of Pioneer to subscribe our Minibond which represents one of the first concrete case of investment by the asset management business in the real economy of Italian SMEs”.
Fabrizio Ricci, Partner and Chairman of Avvalor, said: “We strongly supported Tecnocap, being confident about their leadership position in their business segment and about their global growth strategy. With the latest operations Avvalor confirms it is capable of helping the Italian SMEs in their development plans both in the financial markets and in mergers and acquisitions ”
Avvalor Corporate Solutions srl
Avvalor, “Partner Equity Market” of the Italian Stock Exchange, specializes in corporate finance and offers a range of services including “turnkey” assistance in finding ordinary and extraordinary finance, in the process of selling or buying companies (M & A), assisting clients on the international markets. Avvalor is a member of M & A Worldwide network, present in over 40 countries in all geographical areas. Avvalor is able to identify international investors for Italian companies or companies to be acquired abroad.
Fabrizio Ricci, President of Avvalor, and Gabriele Orlandi, Senior Advisor worked on the Tecnocap project.
Tecnocap SpA
The Tecnocap Group is the third largest producer of metal closures for food, US leader in the fields of cosmetics, pharmaceuticals and nutraceuticals, with a total volume of over 4 billion capsules produced and a turnover of 130 million Euro. The production is made in 7 production sites (two plants in Italy, one in Spain, one in the Czech Republic, one in Ukraine and two in the United States, in West Virginia and Ohio) with more than 700 employees overall. Tecnocap has a network of 32 offices worldwide and a network of centers specialized in technical support and engineering. Tecnocap Group has received the “Elite” certificate from Borsa Italian-London Stock Exchange Group and is considering its listing on the AIM market for Italian small and medium enterprises.
FOR MORE INFORMATION:
Avvalor Corporate Solutions
www.avvalor.com – info@avvalor.com
tel. +39 02 87 24 25 00
Fabrizio Ricci – Partner
tel: +39 02 87 24 25 10 E-mail: ricci@avvalor.com