Banking group Intesa Sanpaolo and GSO Capital Partners, the credit investment arm of Blackstone, have entered into a strategic partnership to provide an alternative source of funding to Italian middle market businesses.
The partnership aims to expand the availability of private debt capital in Italy focusing on both existing corporate clients of Intesa Sanpaolo as well as the broader Italian middle market corporate universe.
The private debt capital will be provided to sub-investment grade companies for a variety of purposes ranging from growth capital, acquisition financing, to opportunistic refinancings. It will serve to complement the existing offerings of the domestic banking system and expand financing options for the Italian middle market corporate.
FinSMEs
30/03/2015