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C.M.D. Costruzioni Motori Diesel

presented by October Italy

€2,000,000

4.5%

30 months

B+

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location

Location

Atella,Italy

activity

Activity

Industry

Presentation of the company

Created in 1991, C.M.D. Costruzioni Motori Diesel S.p.A. is active in the mechanical components sector. The company, managed by Mariano Negri, has 119 employees and is based in Atella. In 2017 Loncin Motor Co. Ltd, a Chinese listed multinational, acquired 67% of CMD.

The company’s main activities are:

  • Development and manufacturing of diesel and gasoline engines for automotive, marine, cogeneration and aviation segments;
  • Mechanical processing on automotive engines for third-party;

The company works with a well estabilished client base, for the automotive business with an historical relationship with FCA and FPT.

The Company has recently approved the business plan to 2021 that consider to launch new engines for light aviation.

The investment plan for the aviation segment development is fully supported by the Chinese shareholder.

Project Description

The company wishes to borrow 2 000 000 € over 30 months with 6 months of deferred repayment to finance part of the investment plan, which includes new production plant, machineries and equipment. This project will be realised by the end of the year.

This project is a Flexible Bridge Loan, an amortizable loan with a standard commitment for the first 9 months and the possibility of early repayment at no cost for the remainder of the loan term, even in the event of refinancing by other financial institutions.

This project is not covered by the Italian state guarantee.

The amount offered on the platform is limited to € 980 000, in line with regulatory limits.

Like all projects presented to private lenders on Lendix, it is co-financed with institutional investors, sophisticated investors and the management of Lendix, subscribers to the Lendix Fund.

*The multiple of FCCR at 1,2 means that the company has a safety margin of 20 % relative to its ability to repay its credit maturities.

The expert opinion is given as an indication on the basis of the elements provided by the project holder and information from our databases (ModeFinance, Crif, Cerved). This opinion is only an element of reflection in the decision making of a lender to participate in the financing of a project.