Fine Foods & Pharmaceuticals receives funding for development projects

IMI Corporate & Investment Banking Division acted as Sole Arranger in the structuring of a 70 million euros to Fine Foods & Pharmaceuticals N.T.M. S.p.A. (Fine Foods), aimed at supporting its growth and development projects.

Fine Foods is a company specialising in contract manufacturing in the pharmaceutical, nutraceutical and cosmetics sectors, listed on the Euronext STAR Milan segment of the Italian Stock Exchange.

The seven-year loan will be used to reorganise the current financial debt by replacing short-term credit lines with medium to long-term debt, and to further support Fine Foods' development through external growth.

Fine Foods has also recently acquired, with the financial support of Intesa Sanpaolo, control of Euro Cosmetics S.p.A., a company that develops and produces cosmetic products for third parties.