CCR II Fund signs a partnership agreement with the Costa Edutainment Group

DeA Capital Alternative Funds through the IDeA CCR II Fund signs a partnership agreement with the Costa Edutainment Group

Milan, 1 July 2022

Illimity and Muzinich & Co. SGR through the AZIMUT Capital Solutions  Fund financially support the transaction

IDeA Corporate Credit Recovery II (“IDeA CCR II”), the second italian DIP (Debtor-in-Possession) Financing fund  , managed by DeA Capital Alternative Funds SGR (a DeA Capital Group company) and the Costa Edutainment Group, have signed a partnership agreement to support the company’s development in the coming years.

Costa Edutainment is a leader in Italy in the management of sites and large public and private facilities dedicated to recreational, cultural, educational and scientific research activities and manages 10 facilities at national and international level: the Aquarium of Genoa, one of the largest aquariums in Europe, the Biosphere, the Bigo panoramic lift and, from 2022, the City of children and young people. On the national territory the Aquarium of Cattolica, the parks Oltremare, Aquafan and Italia in Miniatura on the Romagna Riviera, the Aquarium of Livorno in Tuscany. It also manages the Mediterraneo Marine Park in Malta.

Costa Edutainment welcomes about 3 million visitors a year in the facilities of direct management.

The transaction signed provides for the entry into the capital of the Costa Edutainment Group of IDeA CCR II with a 10% stake, thanks to a capital increase of Euro 5 million, as well as the injection of financial resources by IDeA itself, illimity Bank S.p.A.  and the AZIMUT ELTIF Private Debt – Capital Solutions fund (“AZIMUT Capital Solutions”), managed by Muzinich & Co. SGR for Euro 35 million through the issue of a convertible bond.