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IDeA Corporate Credit Recovery I takes equity stake in Cartiere Paolo Pigna

Real Deals, 27th April 2017

IDeA CCR fund takes equity stake in Cartiere Paolo Pigna
The IDeA Corporate Credit Recovery I (CCR) fund, an Italian debtor-in-possession fund created by IDeA Capital and HIG Bayside, has taken an equity stake in Cartiere Paolo Pigna.

Pigna, which was founded in 1839 by a Spanish paper merchant, is a Bergamo-based business which manufactures notebooks and stationary…

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Alt Assets, 28th April 2017

IDeA CCR fund purchases stake in Italian stationary business
Italian debtor-in-possession vehicle The IDeA Corporate Credit Recovery (CCR) fund has backed Cartiere Paolo Pigna with an undisclosed investment.

Idea CCR, which was created by Idea Capital and HIG Bayside, has purchased a 51 per cent stake in the business as part of its debt restructuring.

The Jannone Group will retain the remaining 49 per cent according to the firm…

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