Etik S.r.l. has successfully issued its debut € 3M senior bond

Etik S.r.l. is a Turin-based company operating in the beauty and personal care industry, specialised in the distribution of machinery, components and accessories for beauty and personal care

  • On July 27th, the company issued a € 3 million bond to support its investment plan that spans over the next three years

  • Anteos Capital Advisors acted as financial advisor, supporting Etik in the structuring and issuance of the debt facility, underwritten by major institutional investors, such as Banca Profilo and Banco di Credito P. Azzoaglio – that also acted as co-arranger for the transaction


Turin, July 27th 2022Etik S.r.l., a fast-growing Italian company established in Turin in 2014 by the beauty entrepreneur Ivano Catania, operates in the distribution of machinery, equipment, components and accessories for beauty and personal care. The company announced its first successful senior bond issuance (Minibond) totalling € 3M. The transaction is part of a wide industrial strategic growth plan and evolution of the business, which will enable the company to unlock its new development phase over the course of the next three years.

In 2021 the company generated revenues for € 5,2M and EBITDA for over € 1,1M. In 2022 the figures are expected to grow up to over € 9M in revenues.

The issuance, underwritten by major institutional investors such as Banca Profilo and Banco di Credito P. Azzoaglio, marks the company’s debut on the capital markets and confirms once again the pivotal the role of the two banks involved as leading counterparties for growth and development of local SMEs.

Debt Capital Markets Team of Anteos Capital Advisors acted as co-arranger and financial advisor – together with Studio Dondona – in the structuring of the bond issuance.

With this transaction, Anteos Capital Advisors confirms its excellent track record in debt structuring and issuance to support Italian SMEs.

Ivano Catania, Etik Srl founder & CEO, commented:

“With this landmark transaction we want to give a sign of confidence in the market and in the industry where we operate. Giving value to communities means investing in ideas, and we want be leaders while enabling people, communities, and local businesses to grow and continue their development path. This is the strategic pillar of our business”

Carlo Ramondetti, Banco di Credito P. Azzoaglio General Director, commented:

“Etik Srl’s bond issuance once again proves the importance of debt capital as a tool for supporting the company’s ambitious growth plans. With this transaction, the Bank intends to consolidate its pivotal role as an institutional counterparty in the capital market to support virtuous growing SMEs”

Davide Rainero, Anteos Manager, commented:

Etik Srl is among the Turin-based companies that has recorded double-digit growth rates in the last two years. The bond issuance will enable the company to continue the growth path begun in 2020, with the goal of consolidating its presence in the Beauty Care sector in Italy and abroad during the upcoming years”

The law firm R&P Legal, with Partner Avv. Giovanni Luppi, assisted by Associate Giacomo Passeri, acted as deal legal counsel, while Banca Finint acted as agent bank and computing agent.


About Anteos

Anteos Capital Advisors S.p.A. is an independent firm that provides advisory services to Italian SME entrepreneurs,
managers, and institutional investors. We empower our partners to strengthen their organisations, implement growth strategies, and leverage private capital markets. Anteos focuses on a pan-European approach, bridging the real economy and the capital markets for our clients.

Anteos Capital Advisors S.p.A. 
Phone: +39 02 8717 7082


Share This Post

Share on facebook
Share on linkedin
Share on twitter
Share on email

More To Explore