Biocircular Secures Project Financing for Biomethane Plant
Deal News | Nov 19, 2024 | PedersoliGattai
PedersoliGattai, a prominent advisory firm, has assisted a consortium of banks including BCC Banca Iccrea, La BCC Ravennate Forlivese Imolese, Credito Cooperativo Romagnolo, and Emilbanca in a project financing deal for Biocircular Srl. Biocircular, a special purpose company supported by Amadori Group, Ayrion, and CAB Campiano, aims to finance part of a biomethane production plant's construction in Ravenna. The financing, initiated by Credito Cooperativo Romagnolo with Iccrea as the arranger, will support a facility expected to produce 500 sm/h of biomethane. The legal guidance provided by PedersoliGattai involved negotiations and drafting of finance documents, led by Nicola Gaglione and supported by a team of experienced associates including Marco Moscatelli, Eleonora Banfi, and others. This strategic financing is a significant step forward in sustainable energy production for Biocircular.
Sectors
- Renewable Energy
- Financial Services
- Legal Advisory
Geography
- Italy – The project is located in the province of Ravenna, Italy, and involves Italian banks and advisory firms.
Industry
- Renewable Energy – The article centers around the financing of a biomethane production plant, a significant project within the renewable energy sector.
- Financial Services – The involvement of multiple banks in project financing reflects the financial services industry’s role in supporting energy projects.
- Legal Advisory – PedersoliGattai's role in negotiating and drafting finance documents highlights the legal advisory industry’s influence in corporate financing deals.
Financials
- – No specific monetary figures were disclosed for the project financing.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Biocircular Srl | Target Company | Company | A special purpose company focused on the production of biomethane. |
| Amadori Group | Participant | Company | An Italian food company participating in Biocircular Srl. |
| Ayrion | Participant | Company | Involved in Biocircular Srl. |
| CAB Campiano | Participant | Company | Involved in Biocircular Srl. |
| BCC Banca Iccrea | Arranger | Company | An Italian bank serving as the arranger in the financing deal. |
| La BCC Ravennate Forlivese Imolese | Lender | Company | A participant bank in the project financing. |
| Credito Cooperativo Romagnolo | Originator | Company | The bank that originated the project financing. |
| Emilbanca | Lender | Company | A participant bank in the project financing. |
| PedersoliGattai | Legal Advisor | Company | Provided legal advisory services for the financing deal. |