EQUITA assisted Tea

EQUITA SIM - Debt Capital Markets

The transaction in a nutshell

Tea Tombstone
Client:
TEA S.p.A. SB
Date:
April 2022
Mandate:
Club deal multi-tranche financing, potentially convertible in sustainability-linked debt
Role:
Financial Advisor
Value:
€ 120 m
Typology:
Debt Capital Markets – DCM
Advisor:
EQUITA SIM

The company

Tea S.p.A. S.B. is a leading Italian multi-utility active mainly in the province of Mantua in the management of integrated water cycle, urban hygiene, waste treatment and disposal, public green, energy (electricity, gas, district heating), public and artistic lighting, gas and heat distribution infrastructure, electric mobility, cemetery services and funeral services. In 2020, Tea reported net revenues of about €292 M and EBITDA of €45 M (about 15 percent margin). As of January 1, 2022, Tea became a Benefit Company, consolidating its commitment to a sustainable growth model.