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Amundi provides I.M.A. (Industria Macchine Automatiche SpA) with a EUR 50 million EuroPP

London, UK,

London – 22 July 2019 - In June 2019, Amundi provided I.M.A.* (Industria Macchine Automatiche SpA) – an Italian processing and packaging machine manufacturer - with a EUR 50M EuroPP, in conjunction with a EUR 180M Syndicated Term Loan underwritten by UniCredit, which acted as sole Bookrunner.

The package was intended to finance I.M.A.’s take-over of ATOP, an Italian company which makes automatic machines for the production of electric motor parts. It also offered I.M.A. the opportunity to diversify its debt maturities and sources of funding.

Thanks to its long-standing relationship with I.M.A., Amundi was able to keep the EuroPP transaction proprietary and subscribed to I.M.A.’s new €50m 7-year bond private placement in its entirety. “We’re very pleased to be a cornerstone investor of I.M.A.’s private financing set-up. I.M.A. is our 11th deal this year and 3rd outside of France” says Thierry Vallière, Head of Private Debt at Amundi. 

The Credit Agricole Group played an important role as a lender in the transaction, participating both in the bond issuance through Amundi, and in the term loan, through Credit Agricole Italia and Credit Agricole CIB, who acted as the Mandated Lead Arranger, lender and hedging counterpart.

This operation exemplifies the successful partnership between Unicredit and Amundi in supporting mid-to-large size Italian companies efficiently and effectively.

“Unicredit is proud to succeed in establishing connections between top-quality investors such as Amundi and top-quality corporates such as I.M.A. This illustrates the continuing, trustworthy, and fruitful partnership we have built together” says Luca Falco, head of Global Syndicate and Capital Markets at Unicredit.

*Established in 1961, I.M.A. is a world leader in the design and manufacturing of automatic machines for the processing and packaging of pharmaceuticals, cosmetics, food, tea and coffee. The Group has approximately 6,000 employees, more than 2,400 of whom are overseas, and operates in around 80 countries, supported by a sales network  comprised of 29 branches. The Group has 42 production plants in Italy, Germany, Switzerland, the UK, Spain, Austria, the USA, India, Malaysia, China and Argentina. I.M.A. S.p.A. has been listed on the Milan Stock Exchange since 1995 and in 2001 joined the STAR segment. On July 2nd I.M.A. completed its acquisition of a majority stake in ATOP, from the mid-market private equity firm Charme Capital Partners. As a result, I.M.A., who was already a shareholder of the Company since 2017 with a 21% stake, now has a total interest of around 84%. ATOP’s founders and its chairman Amedeo Felisa reinvested around 6%.

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Amundi, the leading European asset manager, ranking among the top 10 global players[1], offers its 100 million clients - retail, institutional and corporate - a complete range of savings and investment solutions in active and passive management, in traditional or real assets.

With its six international investment hubs[2], financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape.

Amundi clients benefit from the expertise and advice of 4,800 employees in more than 35 countries. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages nearly €1.8 trillion of assets[3].

 

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Footnotes

 

  1. ^ [1] Source: IPE “Top 500 Asset Managers” published in June 2021, based on assets under management as at 31/12/2020
  2. ^ [2] Boston, Dublin, London, Milan, Paris and Tokyo
  3. ^ [3] Amundi data as of 30/06/2021

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