Rgi
Deal Type
Unknown
Sector
Technology
Completion Date
29th October 2015
Deal Value
€36.4m
Company Background
RGI is the Italian leader in software and related services for insurance companies, covering the whole value chain of the insurance policy administration process. The Group is organised in 3 main business lines: P&C (property and casualty), Life, Claims
Deal Summary
Repricing with existing financing banks of the existing debt package tacking advantage of the improved debt market conditions. TA and RCF margin was reduced by c150 bps whilst on TB a pricing grid was obtained with a margin reduction of up to 200bps.
RGI majority (73% ) was acquired in 2014 by the private equity fund Ardian. Other shareholders are Mr. Paolo Benini founder of RGI (20%) and other key managers (7%).
The financing package set in place in order to fund the change in shareholders’ structure was:
Euro 36.4mln 6 years
Value Added
Ethica has obtained a very competitive pricing thanks to a competitive process involving “potential refinancing” lenders despite the asset was maintained by existing lenders.
In particular Ethica has supported the Company all along the process: identification of lenders, preparation of the information memorandum, coordination of all other professionals involved and negotiation of the legal documentation.
Rgi deal contacts
Key members of the Ethica Group deal team crucial in the Rgi transaction
