Key Takeaways
- • Bending Spoons, the Nasdaq-listed Milan-based app developer, issued two senior secured bonds totaling $1.8 billion on October 28, 2026, upsized from an initially announced $1.5 billion to meet investor demand, to fund M&A deals.
- • The $1.25 billion USD tranche carries a 9.625% coupon (annual interest of $120.3 million), while the €500 million euro tranche carries 8.625% (€43.1 million annually), per the company's press release.
- • Ecopol, a company backed by SK Capital Partners and Tikehau Capital and led by CEO Mauro Carbone, secured a €103 million financing facility from a seven-lender syndicate including Crédit Agricole Italia, Intesa Sanpaolo, and Banco BPM to fund organic growth.
- • London-based Dolomite Capital issued a €15 million mezzanine facility, structured with support from real estate private credit firm Yeldo, to reposition a premium commercial property on Rue Saint-Honoré in Paris with an expected GDV of €100 million.
- • GC Castellammare, a subsidiary of Qair, received a €22 million project financing facility from a Crédit Agricole-led group to develop a 25 MW photovoltaic plant in Sicily, while Special Car Group obtained a €13.6 million facility from Intesa Sanpaolo to expand its dealership network in Sardinia.
Summary
According to BeBeez International's weekly Italian private debt and corporate finance round-up, Milan-based Bending Spoons, the Nasdaq-listed app developer co-founded by Matteo Danieli, Luca Ferrari, Francesco Patarnello and Luca Querella, issued two senior secured bonds on 28 October 2026 totaling $1.8 billion in support of M&A activity. The company had initially announced a $1.5 billion issuance on 27 October and increased the size in response to investor demand, according to its press release. The $1.25 billion dollar-denominated bond carries a 9.625% coupon, implying annual interest of $120.3 million. The €500 million euro-denominated tranche carries an 8.625% coupon, equal to €43.1 million per year. Bending Spoons US Inc., a Delaware vehicle, is the issuer of the dollar bond, while the Italian entity Bending Spoons Operations issued the euro bond. Bending Spoons is neither issuer nor guarantor of the securities, which will be listed on the Luxembourg Exchange Official List and trade on the Euro MTF Specialist Securities Segment.
Ecopol, a company controlled by SK Capital Partners and Tikehau Capital, led by CEO Mauro Carbone, obtained a €103 million financing facility from Crédit Agricole Italia, Intesa Sanpaolo, Banco BPM, Ver Capital, Sienna Private Credit, Eurizon Capital Real Asset and Tenax Capital. The proceeds will be deployed in organic growth.
In real estate finance, London-based Dolomite Capital issued a €15 million mezzanine facility, structured with the support of Yeldo, a real estate private credit firm founded by Antonio Borgonovo. The financing supports the repositioning of a premium commercial property on Rue Saint-Honoré in Paris, with an expected gross development value of €100 million. Keith Magliana is managing partner and chief investment officer of Dolomite Capital.
In energy project finance, GC Castellammare, a subsidiary of Qair, received a €22 million project financing facility to develop a 25 MW photovoltaic plant in Sicily. Crédit Agricole Transitions & Energies, Crédit Agricole Leasing & Factoring, Crédit Agricole du Languedoc and Le Crédit Lyonnais provided the funding, with BonelliErede advising the lenders and DWF advising GC Castellammare. Qair is a portfolio company of CVC DIF, Bpifrance and RGreen Invest, and Krzysztof Wojtysiak serves as its Italy country director.
Finally, Special Car Group, led by Nicola Vacca and Gian Mauro Vacca, received a €13.6 million facility from Intesa Sanpaolo to expand its sales network in the Sardinian cities of Olbia, Oristano and Elmas. The group distributes luxury brands including BMW, MINI, Mercedes-Benz, Ferrari, Maserati and Porsche. Stefano Cappellari is Intesa's manager for Northern Piedmont, the Aosta Valley and Sardinia.
Ecopol, a company controlled by SK Capital Partners and Tikehau Capital, led by CEO Mauro Carbone, obtained a €103 million financing facility from Crédit Agricole Italia, Intesa Sanpaolo, Banco BPM, Ver Capital, Sienna Private Credit, Eurizon Capital Real Asset and Tenax Capital. The proceeds will be deployed in organic growth.
In real estate finance, London-based Dolomite Capital issued a €15 million mezzanine facility, structured with the support of Yeldo, a real estate private credit firm founded by Antonio Borgonovo. The financing supports the repositioning of a premium commercial property on Rue Saint-Honoré in Paris, with an expected gross development value of €100 million. Keith Magliana is managing partner and chief investment officer of Dolomite Capital.
In energy project finance, GC Castellammare, a subsidiary of Qair, received a €22 million project financing facility to develop a 25 MW photovoltaic plant in Sicily. Crédit Agricole Transitions & Energies, Crédit Agricole Leasing & Factoring, Crédit Agricole du Languedoc and Le Crédit Lyonnais provided the funding, with BonelliErede advising the lenders and DWF advising GC Castellammare. Qair is a portfolio company of CVC DIF, Bpifrance and RGreen Invest, and Krzysztof Wojtysiak serves as its Italy country director.
Finally, Special Car Group, led by Nicola Vacca and Gian Mauro Vacca, received a €13.6 million facility from Intesa Sanpaolo to expand its sales network in the Sardinian cities of Olbia, Oristano and Elmas. The group distributes luxury brands including BMW, MINI, Mercedes-Benz, Ferrari, Maserati and Porsche. Stefano Cappellari is Intesa's manager for Northern Piedmont, the Aosta Valley and Sardinia.
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