It’s all true: NORDFLUID Spa, a leading distributor of hydraulic components, fluid conveyance and the production of hydraulic cylinders and manifolds for more than 30 years, with a projected group turnover in 2021 of more than EUR 40 million with more than 135 employees, has issued its first minibond of EUR 2 million.
Backed by the InnovFin guarantee of the European Investment Fund, the issue was fully subscribed by Mediocredito Trentino Alto Adige. The transaction was finalised on Wednesday 8 September by Group CEO Daniele Brambilla, Group CFO Alberto C. Magrì and by Diego Pelizzari, General Manager of Mediocredito Trentino Alto Adige.
‘We are very pleased (and honoured) to have concluded this transaction with Mediocredito Trentino Alto Adige,’ said Engineer Mr. Daniele Brambilla, Group CEO NORDFLUID.
Mediocredito Trentino Alto Adige offered its expertise in the role of advisor and arranger, providing invaluable financial advice and assisting the company in the drafting of business plans. In addition, it provided legal support for the formal and regulatory aspects and for the preparation of the loan regulations, and consequently also managed the activation of the European Investment Fund’s InnovFin European guarantee, from the initial agreements to the final stage of the issue of the bond.
‘Our bank followed the company with great interest in structuring the issue of their first minibond,’ said Diego Pelizzari, General Manager of Mediocredito TAA; ’I believe it is a strategic choice for an entrepreneurial reality such as NORDFLUID to approach the capital market using an innovative instrument such as this, which is useful for supporting corporate projects related to innovation and export. Also important is the presence of the European Innovfin guarantee, which we were able to activate thanks to the agreement in place with the European Investment Fund. .”
NORDFLUID’s objective is to support the development of its business model with major investments in logistics/distribution and production, in order to increase the flexibility of the company’s activities. Not to mention the boost that such a financial resource will give to technological innovation, which has always been at the heart of the NORDFLUID group, with a particular focus on projects to digitise business processes that are still very complex. A wise choice, especially in the long term, also aimed at consolidating NORDFLUID’s leadership in the market for the distribution of hydraulic products.
“The bank proved to be a very competent and concrete partner. We are grateful to its staff for achieving this important result, which will allow the entire NORDFLUID Group to focus on the development of the 2021-2025 business plan. ‘added Alberto Carlo Magrì, Group CFO of NORDFLUID, who worked closely with Mediocredito TAA in the development of the transaction; ‘For us, this is a new challenge that enhances our virtuous growth path that began 14 years ago and represents a further evolution of the Group’s financial management.’
Established in Italy in 1981, NORDFLUID Spa today is a fundamental point of reference for the hydraulic components and Fluid Conveyance distribution market, as well as distributor of the most important brands worldwide and manufacturer of manifolds and hydraulic cylinders. Over the years, NORDFLUID has been able to grow not only its expertise, but also its references in both quality and quantity. At the same time, with the complicity of its team and the value system it believes in, it has learnt to listen to its customers’ needs, supporting them in their search for increasingly specialised and customised solutions. With its subsidiaries Nord Fluid Slovenia, Tecnoil, OMV and CI.ERRE TECH, NORDFLUID continues to innovatively develop its business model, creating added value for its customers.
For over 60 years Mediocredito Trentino Alto Adige has supported the development of small and medium-sized enterprises with medium and long-term credit, financial consultancy and extraordinary finance operations. It acts as a Corporate and Investment Bank to advise and assist companies, also drawing on European funds. It takes on the role of capital partner, with minority equity operations, associated with shareholders’ agreements with the majority shareholder, aimed at development plans and possible subsequent listings on the capital market. It specialises in project finance and public works, with a dedicated desk for investments in renewable energy and infrastructure. Thanks to its expertise in extraordinary finance transactions, it acts as advisor and arranger of minibonds, following issuing companies through all the necessary steps up to the issue of the security.
European Investment Fund (EIF) is part of the European Investment Bank Group and promotes the EU’s objectives in support of innovation, research and development, entrepreneurship, growth and employment. Its main mission is to support micro, small and medium-sized enterprises by helping them access credit. The EIF designs and develops venture capital and private equity funds, guarantees and microfinance instruments aimed specifically at this market segment. The EIF’s guaranteed loans are supported by the European Union under the Community Framework Programme ‘Horizon 2020’ for Research and Innovation (R&I) and the European Fund for Strategic Investments.
