PRESS RELEASE

EQUITA KICKS OFF FUNDRAISING FOR ITS SECOND PRIVATE DEBT FUND

- EQUITA CAPITAL SGR OBTAINS CONSOB'S CLEARANCE FOR THE COMMERCIALISATION OF

EQUITA PRIVATE DEBT FUND II

Milan, 15th October 2019

Equita, the leading Italian independent investment bank, announces the start of fundraising process for its second private

debt fund. Following the CONSOB's clearance, Equita Capital SGR started to commercialise Equita Private Debt Fund II ("EPD

II") to Italian and foreign institutional investors. In addition to investors of the first private debt fund - whose re-ups in the second fund are expected to be significant - the fundraising will be largely focused on pension funds, insurance companies and fund of funds, traditional investors in alternative products.

The fund has a target size of Euro 200 million and will have an investment strategy in line with its predecessor Equita Private

Debt Fund ("EPD"). EPD II will mainly invest in senior unitranche and subordinated bonds in sponsor-led transactions, with a maturity of 5 to 7 years and a bullet repayment structure. Expected returns are in line with the ones achieved by EPD, now fully deployed with an expected gross return of around 9.5%.

EPD II, an Italian closed-end private debt fund managed by Equita Capital SGR, will benefit from a strong governance based on independent decision making process and alignment of interests between investors and the managing team.

On October 11th, 2019, the private debt team successfully completed the last investment of its EPD fund, confirming the ability to progressively deploy capital raised from investors. The fund subscribed a senior subordinated bond of Euro 7.0 million to finance Aksia Group SGR in the acquisition of Primo Group, one of the leading Italian chains of dental clinics. At the same time, EPD also invested Euro 1.0 million in a minority equity stake of the holding company of Primo Group.

Paolo Pendenza, Head of Private Debt for Equita Capital SGR, commented: "We are really satisfied with the investment activity and performance of our first fund. Equita's unique position in the Italian market allowed us to fully deploy capital within the expected period of three years. The very positive results achieved by the team put Equita in a privileged position to start raising its second private debt fund. We expect to reach a first closing in the first months of 2020 and complete the fundraising in the following twelve months".

* * *

Equita Group

Close to Media

FinElk

Investor Relations - Andrea Graziotto

Adriana Liguori

Teresa Wincrantz

ir@equita.eu

adriana.liguori@closetomedia.it

equita@finelk.eu

Equita is the leading Italian independent investment bank, reference partner of Italian companies and institutional investors. Thanks to its 45 years of experience, Equita can offer a clear and focused business model: Global Markets, with its Sales & Trading and Proprietary Trading business lines, offers brokerage on equities, bonds, derivatives and ETFs for domestic and international institutional customers, market making, specialist and liquidity provider services. To such activities, Equita offers a high profile Investment Banking platform, dedicated to advisory to companies and financial institutions. The Alternative Asset Management division, which provides traditional portfolio management along with innovative private debt and private equity portfolio management, such as the special acquisition vehicle (SPAC), completes the range of special and synergic services offered. Then, all business lines are continuously supported by a Research team recognized for its excellence. Independent advice and deep knowledge of capital markets grant Equita credibility among domestic and international institutional investors, ensuring a unique positioning in the Italian market, with a focus on mid & small caps.

EQUITA GROUP S.P.A.| VIA TURATI, 9 - 20121 MILAN | TEL. +39 02 6204.1 | IR@EQUITA.EU | WWW.EQUITA.EU

1

Attachments

  • Original document
  • Permalink

Disclaimer

Equita Group S.p.A. published this content on 15 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 October 2019 11:46:08 UTC