Consorzio Innova - Sherman Advisory

Consorzio Innova soc. coop. — Acquisition of the company from compulsory administrative liquidation procedure (2020)

Consorzio Innova, a company established in order to safeguard, through a business lease, the value of the Unifica company, has developed important production values as initially forecasted; those results made it possible to make a proposal for the Unifica company, which was subject in 2016 to compulsory administrative liquidation procedure.
The operation received a favorable opinion from the Ministry of the Economic Development and was completed in 2021. The operation made it possible to consolidate and safeguard 40 years of entrepreneurial history. Our team has followed the operation since its initial conception, guiding management and entrepreneurs throughout the procedure, and providing day-to-day assistance to the company.

Key Information:
• >400 — the associated companies, spread across 19 regions in Italy
• 23.000 — the headcount represented by the shareholders of the consortium
• 19M€ — Value of the operation

Project Team:
• Financial advisor: rag. Benvenuto Marin, Sherman Advisory
• Legal advisor: avv. Andrea Minozzi, Avvecomm Legal
• Redactor of the plan: dott. Piero Aicardi, Aicardi & Partners

Consorzio Innova: Lease of company branch and creation of a dedicated assets

To accompany and optimize the development of services in the cleaning sector, Consorzio Innova had decided to rent a company branch already active in the field. To ensure the correct management and visibility of this division, we created a dedicated assets, separating this way the activity and the financial reporting of the division from the core of the business. The transaction allowed the customer to strategically position itself when participating in public tenders.

Key Information:
• 3 ML — Value of the operation
• 200 — jobs pertaining the leased company branch

Project Team:
• Financial Advisor: rag. Benvenuto Marin, Sherman Advisory
• Legal Advisor: avv. Andrea Minozzi, Avvecomm Legal

Consorzio Innova: Issuance and listing of a minibond (2021) (2021)

We accompanied the client in raising debt capital on the market, by issuing and listing a minibond worth € 8M. The minibond, aimed at financing the customer’s purchase of the company already leased, was fully subscribed. A peculiarity of the transaction was the fact that the money collected was deposited in an escrow account with the availability of the sums subject to the favorable outcome of the proposal for the purchase of the company, which at the time was in compulsory administrative liquidation procedure.

Key Information:
• 8M€ — Value of the operation
• 8 – institutional investors
• 4 – private investors
• First operation of this kind that received, in Italy, a government collateral warranty (MCC)

Project Team:
• Financial Advisor: rag. Benvenuto Marin, Sherman Advisory
• Legal Advisor: avv. Andrea Minozzi, Avvecomm Legal)
• Financial Advisor for the issuance: Frigiolini & Partners Merchant
• Investment Broker: Directa SIM