One-Stop Financing

PRICOA BECOMES PRIMARY PROVIDER OF TERM FINANCE TO SUPPORT GROWTH INVESTMENT

AMA SpA designs, engineers, manufactures and distributes components and accessories primarily for agricultural machinery and off-highway vehicles as well as for gardening equipment. Founded in 1967 by current President, Luciano Malavolti, the Company is still controlled by the Malavolti family and is headquartered in Reggio Emilia, Italy. The Company posted in 2013 €135 million revenue and €15 million EBITDA.

In June 2014, AMA entered into talks with Pricoa Capital Group about optimizing its balance sheet to secure more patient and flexible term debt capital.

Working closely with AMA CEO, Alessandro Malavolti, as well as the company’s advisors JCI Capital and Mazars, Pricoa structured a deal to provide AMA with €30 million in a one-stop financing package. Via this financing, Pricoa becomes the company’s primary provider of capital, allowing AMA to retire its existing term debt facilities. Because of the longer tenors with more flexible repayment, AMA will now be able to accelerate its international investment strategy to fully meet all customer demands for the first time since the financial crisis. Pricoa and AMA also worked with the company’s Italian banks who remain lenders to the company providing all short-term working capital facilities and extending maturities on these facilities.

Pricoa’s international mid-market transaction experience, track record of financing Italian blue-chip corporates, and recently established Milan office with a local investment team all provided a distinct advantage in structuring and executing the transaction.

AMA S.p.A. was attracted to Pricoa's certainty of execution, its ability to act as a one-stop lender with significant capital appetite across both the senior and subordinated debt, and the relationship approach it demonstrated in executing the transaction.