Transaction details

Ethica Debt Advisory advised SAES Getters in structuring a financing directly provided by European Investment Bank and guaranteed by SACE

Ethica Debt Advisory advised SAES Getters, manufacturer of electronic components, in structuring a financing directly provided by European Investment Bank and guaranteed by SACE.

Founded in 1940, SAES Getters is a company developing advanced functional material, used in a wide variety of products and applications such as consumer electronics, medical devices and telecommunications.

Massimo della Porta, SAES Getters’ Chairman, said: “We are pleased to be among the first Italian companies to have had access to the “InnovFin – EU Finance for Innovators” project dedicated to strongly innovative medium-sized European companies. The financing will support our R&D projects in which the SAES Group currently invests about 11% of its turnover”.

The operation is supported by the new financial instruments “InnovFin – EU Finance for Innovators” dedicated to innovative and growing companies, benefiting from the financial support of the European Union as part of the “Horizon 2020” project (the European Framework program for Research and Innovation, 2014-2020).

In particular, “InnovFin MidCap Growth Finance” is specifically dedicated to improving access to forms of financing in order to support research and innovation projects by mid-cap companies and SMEs within the European Union.