A pair of deals were announced in the last few days as for the Italian private equity market.
Alpha Private Equity, the firm that Edoardo Lanzavecchia heads, acquired a controlling stake in Italian high-end furniture producer Calligaris from the eponymous family (see here a previous post by BeBeez). Vendors will keep 20% of the company, while Alessandro Calligaris will still hold his chairman role. In May 2014 the family acquired back a 40% stake in the business from LCatterton (former LCapital) to whom they sold in 2006. Calligaris has revenues of 140 million of euros and an ebitda in the region of 23 million. Alpha and the Calligaris Family aim to strenghten the company’s position through organic growth and domestic and cross-border m&a.
L&B Capital acquired 33% of United, a provider of services for real estate and security that owns the subsidiarie United Risk Management, United Consulting, and U.Lab (see here a previous post by BeBeez). Carlo Mastrangelo, is the ceo of United. The parties didn’t disclose further terms of the transaction.
Isem, the Italian packaging company for the luxury and fashion industry, acquired its competitor Grafiche Bramucci (see here a previous post by BeBeez). APE, the private equity arm of Banca Arner, sold the stake in Isem that acquired in 2008. Francesco Pintucci, the ceo of Isem, acquired 100% of the company’s shares together with minority shareholders the Galbiati and Stangalino families and financial investors. These investors subscribed a capital increase of 2 million of euros. Pintucci will chair the board of Grafiche Bramucci, while Francesca Bramucci will keep its role of ceo. Isem has sales of 32.5 million, an ebitda of3.2 milion, and net profits of 0.8 million. Grafiche Bramucci has revenues of 7 million.
