Negma Group & FAI present to the Court of Ivrea a restructuring and growth plan for Fidia S.p.A.,
Including financing for a total amount of over 12 million Euros
• Negma Group is an alternative investment fund active in Europe, North Americas and Australia. It has invested over 1 billion Euros since inception.
• FAI – Futuro all’Impresa is a Milan based advisory and investment firm specialized in M&A and Restructuring.
• Negma Group announces its first operation of turnaround in Italy and presents together with FAI a restructuring and build-up plan to the Court of Ivrea.
Milan, 18th of May 2021 – Negma Group is pleased to announce it has entered into an investment agreement with FAI and the current shareholder of Fidia S.p.A. They have presented a plan for the restructuring of Fidia’s debt, turnaround of the company and future growth through M&A. The plan includes an investment for EUR 2,000,000 once the plan is approved by the Court and the General Creditors Meeting, followed by EUR 10,000,000 in convertible bonds.
Negma Group is an alternative investment fund providing small and mid-cap companies with funding required to develop their strategies. The fund has invested over 1 billion Euros since 2013. Negma Group benefits from a wide global network of partners and institutions.
Fidia S.p.A. is listed on the MTA segment of Borsa Italiana. Fidia is an international group active in the production and commercialization of highly sophisticated numeric controlled machinery and software for the aeronautics and automotive industry. Fidia had submitted in late 2020 a request to the Court for restructuring.
The decision by the Court of Ivrea is expected in the next months and the creditors meeting shall be held by end of February.
Rodolfo Galbiati, Director of Italy of Negma Group commented: “We are extremely happy to have collaborated with FAI and all other parties involved to structure this plan for Fidia. This has been by far the most challenging and complex operation we have undertaken in Italy. The plan is not simply to take Fidia back to the level of revenues pre-crisis but to expand the business even further in the next years.”
Contacts:
Anthony de Rauville, CIO
Rodolfo Galbiati, Director
Email: info@negmagroup.com