Equita assisting Scalve in the Reverse ABB on BFF Banking Group shares
On 11 February 2021, Scalve Sarl – a vehicle controlled by Massimiliano Belingheri, CEO at BFF Banking Group – successfully completed an accelerated stake-building on approximately 2 million shares of BFF Banking Group.
The transaction, launched on 10 February 2021 after market closed through a reverse accelerated bookbuilding procedure (“RABB”), was aimed exclusively at institutional investors and allowed Scalve to increase its stake in BFF Banking Group. Following the transaction, Scalve reached 3.9% of the share capital of BFF Banking Group.
Final pricing came at Euro 5.45 per share and represented a 4.8% premium to the last closing price before the transaction.
The Global Financing team at Equita – led by Marco Clerici (co-head of the Investment Banking and head of Global Financing) and Andrea Ferrari (head of Equity Capital Markets) acted as Sole Bookrunner.
This transaction follows the two accelerated bookbuildings that Equita closed successfully on Prysmian and Garofalo Health Care shares in January 2021 and confirms its superior execution capabilities on capital markets in Italy.