The Spezzapria family acquired Italian bankrupted sweets producer Melegatti (see here a previous post byBeBeez). The Spezzapria family owns Forgital, a producer of components for the aeronautic sector, and packaging companies Eriplast and Fucine Film.
Alessandro Binello and Walter Ricciotti, the former chairman and ceo of Quadrivio Capital Partners sgr (which was sold to Green Arrow Capital and renamed Green Arrow Capital sgr), signed a joint venture agreement with David Pambianco, the founder of Pambianco Strategie d’impresa, the Italian bespoke strategic consultancy firm for the fashion and luxury sector (see here a previous post by BeBeez). The businessmen created Q Group & Pambianco the advisory firm to Made in Italy Fund, a Luxembourg-bases veichle which will invest in the sectors of design, fashion, beauty, and food. Alessio Candi and Mauro Grange are part of fund team. The fund set a fundraising target of 200 million of euros and recently acquired Italian fashion firm 120% Lino from the founder Alberto Peretto. The target has revenues of 12 million with an ebitda of 18%.
Hexpol AB, a Swedish listed chemical company, acquired Italian competitor Mesgo (see here a previous post byBeBeez). Francesco Caldara, the target’s founder will hold a minority of the business and keep his role of ceo. Mesgo has sales in the region of 90 million of euros, an ebitda of 18 million, and net financial debts of 17 million.NB Aurora sold its stake in Mesgo. Fondo Italiano d’Investimento (FII) acquired a 32% stake in the Italian company for 8 million in April 2013. NB Aurora acquired this stake from FII for 6.9 million and cashed a capital gain of 10.3 million out of this sale. The current fair market value of the portfolio of NB Aurora is of 58.5 million.
Irideos, an Italian ICT company that belongs to private equity funds F2i (78.3%) and Marguerite (19.6%),acquired Clouditalia, a data center business, from J Hirsch & Co (see here a previous post by BeBeez). The vendor acquired Irideos in 2012 for 30 million of euros from troubled Italian ICT company Eutelia. Marco Iannucciis the ceo of Clouditalia which has sales of 119.1 million, an ebitda of 14.7 million and adjusted net debts of 3.9 million.
Green Arrow Capital sgr acquired 55% of Italian back-pack producer Gruppo Seven-Invicta, while the remaining 45% will remain to Aldo Di Stasio (25%), Bruno Di Stasio (10%), and Roberto Di Stasio (10%) (see here a previous post by BeBeez). Mediocredito Italiano and Deutsche Bank financed this transaction. After the cloing of this deal, GAC will have invested 50% of its resources worth 230.6 million of euros. Bruno Di Stasio, will hold a role of chairman and ceo of Seven. Aldo Di Stasio will hold the same roles in Invicta, which in five years aims to reach sales of 100 million.
Aston Martin launched a London ipo for 19 British Pounds (GBP) per share (see here a previous post byBeBeez). The UK producer of James Bond cars placed 25% of its equity for 4.33 billion, below market expectations of 5 billion. At the closure of the first day of trading, Aston Martin shares price was of 18.1 GBP. Financial investors Investindustrial (37.5% before the ipo), Kuwait’s Tajara Capital (fka Investment Dar) and Adeem Investments (54.5% together), Daimler (4.9% without voting rights) ceo Andy Palmer and the management (3%) sold part of their interests. Investindustrial acquired part of the business in 2012, when the company’s sales were of 412.2 million of euros with net losses of 26.4 million. Investindustrial paid 150 million of GBP or 190 million of euros for a stake in Aston Martin on the ground of an enterprise value of 740 million of GBP or 940 million of euros. In May 2015, Investindustrial and Tejara Capital launched a capital increase of 200 million of GBP. Last year Aston Martin generated sales of 876 million of GBP, net profits of 87 million, and an adjusted ebitda of 207 million.
Consilium Private Equity Fund is going to sell its 70% stake in Celli, an Italian provider of items for pouring beer, drinks and spirits in which the Celli Family holds 30% (see here a previous post by BeBeez). Baird, a boutique Investment bank, is said it will handle the sale process on the ground of an enterprise value of 100 million of euros. Mauro Gallavotti is the ceo of the company that acquired UK’s ADS2 and Angram, Italy’s Cosmetal, and has sales of 100 million.
Fondo Agroalimentare Italiano (FAI), a firm that French financial holding Unigrains, acquired a minority of Sinfo One, a provider of IT services for the food processing sector and in general the manufacturing field (see here aprevious post by BeBeez). German food group Tönnies, which has sales of 6.9 billion of euros, co-invested with FAI. The Pomi Family will hold the control of Sinfo One, as Rosolino Pomi will be the chairman, Paola Pomi the ceo and Patrizia Pomi will be a board member. Crédit Agricole Cariparma and Iccrea Banca financed this acquisition. Sinfo One will invest the proceeds of this transaction in acquisitions. The company has sales in the region of 17.5 million and since 2016 is part of Redfaire International a joint venture that world-wide Oracle consultants signed.
Troubled Italian bank Montepaschi started again a PwC-led sale process for its IT platform generating revenues of 350 million of euros (See here a previous post by BeBeez). Cedacri, a provider of banking services in outsourcing of which  FSI Mid-Market Growth Equity Fund holds 27%. Cedacri is interested also in CSE  which has sales of 164 million.
Mediolanum Farmaceutici, the Italian pharma company that belongs to founder Rinaldo Del Bono, is holding talks with private equity fund Ardian and other financial sponsors (see here a previous post by BeBeez).Alessandro Del Bono is the ceo of Mediolanum Farmaceutici that has sales in the region of 200 million of euros. In 2016, the company posted revenues of 176.2 million, an ebitda of 49.4 million, net profits of 11.3 million, and net cash generation of 27.5 million. Last year, Mediolanum Farmaceutici acquired the Italian subsidiary of Belgium’s Therabel Gienne Pharma.
