16 Dec 2025

Anthilia SGR provides 10 million euros to MGM Group with legal advisors involved

"Anthilia Capital Partners SGR, through funds Anthilia GAP and Anthilia Synthesis, provided €10m in debt and equity to MGM Group to support working capital, strategic investments and a minority stake purchase. ADVANT Nctm and PedersoliGattai advised Anthilia on debt and equity respectively, while Dentons advised MGM. Artha, Recap, Ergon and AGFM acted as financial and corporate advisors."

ADVANT Nctm, PedersoliGattai and Dentons participated in the transaction, with ADVANT Nctm advising Anthilia on debt matters, PedersoliGattai advising Anthilia on the equity components and Dentons representing MGM on debt, equity and tax matters. Artha Corporate Finance Advisory, Recap Consulting, Ergon Commercialisti and AGFM also acted as financial and corporate advisors. Anthilia Capital Partners SGR, through its funds Anthilia GAP and Anthilia Synthesis, renewed its support to MGM Group with a structured intervention totaling 10 million euros in debt and equity. The operation is intended to support MGM's business plan and growth, with a particular focus on strengthening working capital, backing strategic investments, consolidating the operating structure and acquiring minority shareholdings. The transaction will enable MGM to accelerate the implementation of its industrial plan, reinforce its balance sheet and consolidate its presence on international markets. This investment represents the first deployment of Anthilia Synthesis, an ELTIF 2.0 fund dedicated to top Italian companies that allocates 100% to Private Debt with periodic cash flows. Anthilia Synthesis is presented as the fourth alternative PIR offered by Anthilia to support the development of the real economy. MGM Group was established in 2022 from the integration of MGM, Rekord and Playsport, companies with more than 35 years of experience in the development and sale of sports and outdoor footwear under proprietary brands, under licence and for third parties. In 2024 the Group reported revenues in excess of 50 million euros. ADVANT Nctm represented Anthilia Capital Partners SGR on debt matters with a team composed by: partner Giovanni de’ Capitani di Vimercate, counsel Bianca Macrina and senior associate Andrea Bertoni. PedersoliGattai represented Anthilia Capital Partners SGR on equity matters with a team composed by: partner Edoardo Pedersoli, senior associate Matteo Pietrogrande, associate Fabio Beltramo and associate Martina Sabetta. Dentons represented MGM with a team composed by: partner Alessandro Fosco Fagotto, responsible for the Banking and Finance department in Italy and Europe, assisted by associate Anna Zanoni for debt matters; partner Antonella Brambilla together with senior counsel Filippo Frabasile for equity matters; and partner Fabrizio Capponi with counsel Luca De Rossi for tax aspects. Anthilia Capital Partners SGR (in-house team for the investor) followed the transaction with a team composed by: Barbara Ellero, Tobia Dian, Federico Mantica and Mario Cambiano. Artha Corporate Finance Advisory conducted the financial due diligence for the transaction. Recap Consulting and Ergon Commercialisti acted as advisors to MGM with teams led by partners Loredana Dora and Giorgio Alberti and composed by senior managers Davide Fragomeno, Fabio Barbieri and Luisa Cominoli. AGFM provided the certification of the company industrial plan through a team of the advisory department coordinated by senior partner Alberto Guiotto.
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