Lingotto 2000 S.p.A., part of IPI Group, closes the offering of a € 5 million bond

• Lingotto 2000 S.p.A., owner of c. 35,000 sqm. commercial areas in the industrial complex of the Lingotto, Turin, has issued a bond to support the future growth
• The Bond has been fully subscribed by Tenax Capital Ltd
• Anteos Capital Advisors acted as financial advisor to Lingotto 2000

Turin, 07^th February 2022

Lingotto 2000 S.p.A., owner of over 35,000 square meters in the “Lingotto” multifunctional complex in Turin, has announced that it has successfully issued a € 5 million bond. The Lingotto complex includes leased corporate offices, a renovated shopping mall, a congress centre, two hotels, the Pinacoteca Agnelli – art gallery, and training spaces. The Bond proceeds will support the Lingotto 2000 development plan, aimed at enhancing and converting the current spaces into additional offices to be leased.

The bond has been fully subscribed by Tenax PMI, a private debt fund managed by Tenax Capital Ltd, who is active in the Italian market with three funds dedicated to small and medium-sized enterprises, totalling roughly € 200 million of AUM.

Anteos Capital Advisors acted as financial advisor in the process. R&P Legal, with the Partner Avv. Giovanni Luppi and the Associate Giacomo Passeri, has been involved as legal counsel to the deal, while Epyon Consulting supported Tenax Capital in the accounting and financial due diligence activities. Studio Segre acted as agent bank and calculation agent.

Vittorio Moscatelli – IPI Group CEO, commented “in our research of alternatives to the banking system for our real estate activities, we successfully met Tenax Capital Ltd, who trusted the IPI group on the basis of our history of honoured commitments towards the credit system and the prospects of several projects we are currently developing”.

Mario Bottero, Managing Partner of Anteos Capital Advisors, commented: “this transaction, successfully attracting the interest of an European institutional investor such as Tenax Capital Ltd, is a clear representation of how Italian SMEs can raise capital on alternative channels to the banking system. The issuance will support the revamping of one of most renowned Turin’s trophy real estate assets”.