Case Study

Lannutti SpA raises capital for acquisition financing and sets up multi-currency Revolving Shelf Facility

Based in Cuneo, Italy, Lannutti S.p.A. (“Lannutti” or the “Company”) is a service provider specialised in transports and industrial logistics in Europe with a specialty focus on raw glass transportation.

Case Study

Lannutti SpA raises capital for acquisition financing and sets up multi-currency Revolving Shelf Facility

Based in Cuneo, Italy, Lannutti S.p.A. (“Lannutti” or the “Company”) is a service provider specialised in transports and industrial logistics in Europe with a specialty focus on raw glass transportation.

At a Glance

In October 2022, PGIM Private Capital was informed by Lannutti’s advisor about the Company’s financial needs and search for a long-term investor ahead of M&A plans. Following the introduction, PGIM started working on a possible capital support plan.

In May 2023, we closed a $100 million, 3-year multi-currency Revolving PGIM Private Shelf Facility with an initial draw up to €10 million Senior Unsecured Notes. The proceeds were used to: i) support the acquisition plan and ii) for general corporate purposes.

Lannutti decided to partner with us given our i) relationship-oriented and pragmatic approach, ii) possibility of further draws within tight deadlines to finance M&A activities, and iii) international alternative to local banks offering longer maturities and flexible amortizing schedules.

We are proud to call Lannutti a partner and we look forward to supporting the business as it continues to execute on its aspirations in the years to come.

Relationship Since 2023
Transaction details:
  • €10,000,000 Senior Unsecured Notes
  • US$100,000,000 PGIM Private Shelf Facility
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Francesco Ascoli headshot
Francesco Ascoli
Senior Principal
+39 02 5004 2104
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Italy

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