Anthilia Capital Partners SGR, Tenax Capital Ltd and Gruppo BCC Iccrea with BCC Banca Iccrea and BCC Colli Albani have subscribed bonds for a total value of 25 million Euros to support the industrial plan of Madre Holding, a company of the UNDO Group, active in the construction and management of a portfolio of renewable energy plants.

In detail, Anthilia Capital Partners has subscribed a bond worth 10 million Euros through the Anthilia BIT IV Co-Investment Fund and Anthilia MUST funds. Tenax Capital, through the Tenax Sustainable Credit Fund, has subscribed a bond worth 7.5 million Euros; BCC Banca Iccrea and BCC Colli Albani have both subscribed bonds for a total value of 7.5 million Euros.

Anthilia and BCC Banca Iccrea had already supported the UNDO Group, with three different issues in 2019, 2020 and 2021 for a total of 9.5 million euros.

The bond issue is part of a broader multi-year investment project that aims to expand Madre Holding’s business both through the acquisition of brownfield photovoltaic plants, operational and incentivized, and through the construction of new greenfield photovoltaic plants, until reaching an installed capacity of over 100 MW over the next two years.

The proceeds of the bonds will be used to cover the brownfield M&A activity planned for 2024, with the acquisition of approximately 15 MW.