Bianchi Vending Group

Fineurop Soditic successfully concluded its advise of senior debt renegotiation and covenants resetting to Bianchi Vending Group.

On this purpose, shareholders converted the shareholder loan amounting to Euro 37 million to equity and made a capital injection for Euro 13 million, giving to the Company a sustainable long-term capital structure.

BVG, based near Bergamo, is the second largest European manufacturer and distributor of vending machines with a market share of around 12% in Europe.

BVG posted 2008 consolidated sales of Euro 86 million and it has a workforce of about 550 people.

The Company is owned by FA Capital SpA, an investment holding company majority owned by secondary funds managed by Goldman Sachs.

FA Capital acquired BVG last December in a secondary buy out transaction from ABN AMRO Capital.