AKNO Group secures refinancing and debt consolidation for Business Parks
Deal News | Jan 08, 2025 | Osborne Clarke
AKNO Group has successfully completed a refinancing and debt consolidation exercise for its subsidiary, AKNO Business Parks S.r.l. This transaction was facilitated through a loan extended by Banco BPM. The advisors involved in this significant financial restructuring included Osborne Clarke and Gianni & Origoni, who played pivotal roles in guiding the process. The strategic move aims to reinforce AKNO's financial position and enable continued development and operation of its business parks, which are crucial assets for the real estate investment segment of the company.
Sectors
- Real Estate
- Financial Services
- Legal Advisory
Geography
- Italy – The refinancing and debt consolidation involve Italian entities such as AKNO Business Parks and Banco BPM, indicating a primary geographical focus on Italy.
Industry
- Real Estate – The refinancing and debt consolidation pertain to AKNO Business Parks, which operates within the real estate sector, focusing on business parks.
- Financial Services – Banco BPM's involvement as the loan provider categorizes this aspect of the transaction under financial services.
- Legal Advisory – Osborne Clarke and Gianni & Origoni are law firms providing advisory services in legal and financial restructuring contexts.
Financials
- Not specified – The article mentions a loan but does not specify the financial amount involved in the refinancing and debt consolidation.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| AKNO Group | Target | Company | Parent company overseeing the refinancing and debt consolidation of its subsidiary, AKNO Business Parks S.r.l. |
| AKNO Business Parks S.r.l. | Target | Company | Subsidiary company involved in the refinancing and debt consolidation process. |
| Banco BPM | Lender | Company | Italian bank providing the loan for refinancing and debt consolidation. |
| Osborne Clarke | Legal Advisor | Company | International law firm advising AKNO Group on the refinancing and debt consolidation. |
| Gianni & Origoni | Legal Advisor | Company | Italian law firm collaborating on the legal advisory for the refinancing and debt consolidation. |