Clabo expands in China with CDP Group

Clabo expands in China with CDP Group

Issued 6 million euro: Simest has 49% of the investment

August 8, 2016

Italian excellence in the world: the case of Clabo, company  from Jesi (Ancona province), leader in the field of professional showcases for ice cream parlors, pastry shops, bars, cafes and hotels, which recently approved the issuance of a bond loan of up to 6 million euros to expand their business in China. CDP Group, through its subsidiary Simest, acted as underwriter for 49% of the investment, allowing Clabo to strengthen its capital structure, and to keep a balanced debt-to-equity ratio.

Clabo’s interest in China relates to the Asian market’s high growth rates. Proceeds from the mini-bond placement will be deployed to finance the acquisition of the Easy Best Group business operations, active in China in the production of ice cream showcase, with whom Clabo has already signed an exclusive non-binding agreement.

With this operation, the CDP Group affirms its support to Italian companies that enter new markets and compete on an international level.