November 2017
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secured a financing package of € 131,000,000 with leading Italian banks in the context of the acquisition by Italmobiliare of a 40% shareholding into

6_Tecnica Group S.p.A

Consumer, Retail & Food
Financial Advisor
November 2017
Client Profile
Tecnica S.p.A. controlled by Zanatta Family, is the Italian leading manufacturer of outdoor footwear and ski equipment, with a brand portfolio including key iconic names: Tecnica (ski boots and footwear), Nordica (skis and boots), Moon Boot (footwear), Lowa (trekking shoes), Blizzard (skis) and Rollerblade (inline skates).
Houlihan Lokey’s Role
Leonardo & Co., in association with Houlihan Lokey, served jointly with Studio Boffa as the financial advisor to Tecnica Group, assisting the group in negotiating the main terms and conditions of the financing agreements with the banks.
Transaction Snapshot
On November 22nd, 2017 Tecnica Group has closed a refinancing agreement with leading Italian banks, in the context of the acquisition by Italmobiliare of 40% of the group’s shares (mainly through an increase in capital).

The financing agreement entails a six-year medium-to-long term financing package of €131 million, including €50 million of amortizing debt, €50 million of bullet debt, and €31 million of revolving credit facility. The financing package will be used by Tecnica Group to reimburse its existing debt exposure toward Italian banks and fund its future working capital needs and operating activities.

In the context of the transaction, Tecnica Group also achieved the resolution of the procedure ex art. 67 of the Italian bankruptcy law.

Leonardo & Co., in association with Houlihan Lokey, served jointly with Studio Boffa as the financial advisor to Tecnica Group, assisting the group in negotiating the main terms and conditions of the financing agreements with the banks.

 

Office: Italy