In June 2019 Amundi underwrote a 50 million euro private placement issued by IMA (Industria Macchine Automatiche – Italian manufacturer of automatic packing and packaging machines) together with a 180 million euro loan underwritten by UniCredit as sole bookrunner.
Thanks to the relationship with IMA, Amundi was able to take ownership of the private placement operation and subscribe the entire amount of the 7 million euro 50-year private bond issue.
The financing operation has a precise objective, after a note from Unicredit and Amundi:
The package is intended to finance IMA's acquisition of ATOP, an Italian company that produces automatic machines for making components for electric motors. The transaction also offers IMA the opportunity to diversify the maturities of its debt and the sources of financing.
“We are delighted to be a key investor in IMA's private financing scheme. With Ima we sign the eleventh contract of the year and the third abroad” says Thierry Valliere, head of private debt at Amundi.
“UniCredit is proud to connect investors and high quality companies such as Amundi and IMA. This demonstrates the continued, reliable and fruitful partnership we have built together,” says Luca Falco, Head of Global Syndicate and Capital Markets at UniCredit.
Founded in 1961, Ima specializes in the design and production of automatic machines for the processing and packaging of pharmaceutical, cosmetic, food, tea and coffee products. The Group has around 6.000 employees, of which around 2.400 abroad with a sales network made up of 29 branches. The Group has 42 production plants in Italy, Germany, Switzerland, the United Kingdom, the United States, India, Malaysia, China and Argentina.
