Equita assisting Newlat Food in the placement of senior unsecured notes
On 9 February 2021, Newlat Food, relevant multinational, multi-brand and multi-channel player in the Italian and European agri-food sector, successfully completed the placement of €200 million of senior unsecured notes.
The offering closed early, having reached the maximum offer threshold in few minutes thanks to a large and diversified parterre of institutional investors. The financial resources raised will allow Newlat Food to intensify its M&A activities, both in Italy and abroad and to focus on potential targets of significant size.
The Global Financing of Equita – led by Marco Clerici (co-head of the Investment Banking division and head of Global Financing) and Marcello Daverio (head of Capital Markets Advisory) acted as Placement Agent. Equita was also appointed by Newlat Food as Specialist of the listed bonds negotiated on the MOT platform of Borsa Italiana.
This transaction confirms the successful track-record of Equita as Placement Agent in corporate bond issues and, more generally, as key partner for Italian issuers that want to access capital markets, as highlighted by the direct involvement of Equita in recent deals where it assisted Webuild in the placement of senior unsecured notes, Garofalo Healthcare in the increase in share capital and Clubtre in the partial offering of Prysmian shares through accelerated bookbuilding.
It is worth well remembering that Newlat Food listed on the STAR segment of Borsa Italiana in October 2019 and that Equita acted as Joint Global Coordinator, Joint Bookrunner, Sponsor and Specialist on the stock.