As the future of Serie A team FC Inter is uncertain (see here a previous post by BeBeez), fans are organizing for taking a stake in the club. The team actually attracted a three-years 275 million euros from Oaktree with a 9% rate. But the fund may take over the stake of major shareholder Suning in the team if it could not pay back the debt. The club could raise resources through Interspac, an investment vehicle that Italian economist Carlo Cottarelli launched and that Italian former footballer Beppe Bergomi joined together with Italian VIPs Enrico Bertolino, Andrea Bocelli, Stefano Boeri, Paolo Bonolis, Alessandro Cattelan, Claudio Cecchetto, Valerio De Molli, Gianfelice Facchetti, Fabio Fognini, Massimo Galli, Peter Gomez, Tommaso Labate, Giancarlo Leone, Gad Lerner, Luciano Ligabue, Maurizio Mannoni, Enrico Mentana, Pietro Modiano, Michele Mozzati, Mario Nava, Roberto Nicastro, Enrico Pazzali, Max Pezzali, Mariangela Pira, Antonio Polito, Giacomo Poretti, Gianni Riotta, Enrico Ruggeri, Gabriele Salvatores, Sergio Scalpelli, Pietro Senaldi, Michele Serra, Beppe Severgnini, Giovanni Stort, Marco Tarquinio, Flavio Valeri, Roberto Vecchioni, Antonio Versace, and Luigi Vignali. Interspac could raise 300-350 million for Inter, whose value amounts to 877 millions.
Bin Zayed Group (BZG), a conglomerate based in Abu Dhabi, tabled a bid for Italian Serie A Team Salernitana that currently belongs to Claudio Lotito (the chairman of Milan-listed Serie A Team Lazio) and Marco Mezzaroma (see here a previous post by BeBeez). BZG may receive a 20 million euros support from Blue Skye, a minority shareholder of AC Milan. BZG would invest 50 million in equity and debt for Salernitana (10 million in cash, 10 as earn out linked to the club’s permanence in Serie A, 10 million for an internal operation between Lazio and Salernitana, and 20 million with the facility of Blue Skye). Salernitana has sales of 8 million, an ebitda of minus 7.3 million and net cash of 0.198 million.
Fondo Sviluppo Sostenibile (FSS) of Dea Capital Alternative Funds raised below 100 million euros ahead of a target of 150 million (see here a previous post by BeBeez). The anchor investors of the fund are Dea Capital (25 million), Intesa Sanpaolo, Gino and Roberto Del Bon who are also senior advisors of the fund.
Kedrion, an Italian manufacturer of blood products that belongs to the Marcucci Family, Cdp Equity and FSI, acquired Canada’s Prometic Biotherapeutics and US-based Prometic Bioproduction from Nasdaq-listed Liminal BioSciences (see here a previous post by BeBeez). Liminal also sold to Kedrion two plasma collectioncenters based in USA and Canada. The plant Canadian plant of Prometic Bioproduction will produce Ryplazim, the first drug approved by the US Food and Drug Administration (FDA) for the treatment of the ultra-rare systemic disease known as Congenital Plasminogen Deficiency (PLG) type 1. Subsequently, Kedrion will acquire Liminal’s other subsidiary, Prometic Biotherapeutics Inc. (PBT), which owns the rights for the product. Kedrion has sales of 697 million euros and an adjusted ebitda of 96 millioni.
ReLife Group, a waste management company that belongs to Xenon Private Equity, acquired Italian General Packaging and Plastipoliver, a recycler of paper and plastic (see here a previous post by BeBeez). Rotschild is reportedly advising Xenon for the sale of ReLife. Mario Zani sold General Packaging. Xenon acquired Plastipoliver from Umberto and Giorgio Malaspina. General Packaging has sales of 70 million euros. Plastipoliver turnover is wortho more than 30 million. After sauch acquisitions, ReLife Group may generate sale of 250 million. On another front, Xenon Private Equity acquired the majority of GN Techonomy, a provider of system integration consultancy services from Nives Borroni and Gualtiero Biella, who reinvested for a minority and kept an active role in the firm (see here a previous post by BeBeez). GN Techonomy has sales of 8.1 million, with an ebitda of 2.7 million.
LBO France, through its veichle Petinvest srl, raised to 80% its stake in Demas, a distributor of veterinary products of which acquired the majority in 2020 (see here a previous post by BeBeez). Petinvest also attracted the investment of Banca Ifis and of Gruppo Giovanni Ambrosetti. The Foglietti Family will keep a minority of the business. LBO financed the transaction with a 20 million bond that Finint and Tenax Capital subscribed.
Investcorp acquired the majority of CloudCare, a platform for digital sales and marketing solutions, from Andrea Conte, who will keep a relevant stake and his ceo role (see here a previous post by BeBeez). CloudCare has sales of 18.1 million euros, an ebitda of 3.5 million and net cash of 2.8 million.
Hyperion Materials & Technologies (Hyperion MT), a developer of hard and super hard materials that belongs to KKR, acquired Sinter Sud, a manufacturer of semifinished products in tungsten carbide, from Antonio Suppa (see here a previous post by BeBeez). Sinter Sud has a turnover of 14.8 million euros, an ebitda of 2.5 million and net debt of 5.3 million.
Controlli, a valves producer that the Seragnoli family owns through B.group, and Polish Global Control 5 set up iSMA Controlli for integrating the teams and products of both companies (see here a previous post by BeBeez). Global Control 5 has sales of 5.2 million euros. B.Group supported the management buy out of 82% of controlli that Michele Monacelli (18% owner) led in 2011. Schneider Electric sold the asset. Controlli has sales of 12 million. B.group is one of the private capital investors that BeBeez Private Data monitors (find out how to subscribe for only 110 euros a month)
IGI Private Equity acquired 75% of Tramec, a producer of components for the industrial automation, from ceo Leo Girotti (who reinvested for a 25%) and Stefano Domenichini (see here a previous post by BeBeez). Tramec has sales of 30 million euros. IGI Private Equity is one of the private capital investors that BeBeez Private Data monitors (find out how to subscribe for only 110 euros a month)
Ikav, a financial firm that Constantin von Wasserschleben founded in 2010, invested 500 million euros for acquiring nine gas projects of Metaenergia, an Italian energy distributor and provider of energy efficiency services (see here a previous post by BeBeez). Part of the 500 million investment will finance the projects and the issuance of a bond that investors subscribed for 300 million.
L-Gam acquired a majority stake in Ancorotti Cosmetics, a third-parties producer of make-up (see here a previous post by BeBeez). White Bridge Investments sold its interest while the ceos and founders Renato Ancorotti Enrica Monica Ancorotti will keep their roles and a minority of the firm. Ancorotti generates abroad 85% of its turnover of 100 million. L-Gam has assets under management for one billion euros.
Italian drugstores network Hippocrates Holding acquired the competitor Meltias from the founders Roberto Sannito and Lucio Merlo (see here a previous post by BeBeez). Meltias has sales of 0.949 million euros, an ebitda of 54,000 euros and net cash of 28,000 euros. In November 2020, Antin Infrastructure Partners acquired 80% of Hippocrates for 600 million. Hippocrates has sales of 61.7 million and an ebitda of 2.7 million with a net debt of 73.5 milioni. Antin Infrastructure Partners is one of the private capital investors that BeBeez Private Data monitors (find out how to subscribe for only 110 euros a month)
FII will subscribe a capital increase of Florence, a high-end fashion firm that belongs to FII, Vam Investments and Italmobiliare (see here a previous post by BeBeez). The company will invest the proceeds in acquisitions. The Giuntini, Capezzuoli, Maltinti, Ciampolini, Romolini and Sanarelli Families own 35% of Florence. FII is one of the private capital investors that BeBeez Private Data monitors (find out how to subscribe for only 110 euros a month)
The e-commerce for luxury fashion Giglio.com is mulling for a listing on Milan AIM and hired Alantra as nomad and global coordinator (see here a previous post by BeBeez). Michele Giglio founded the company whose current controlling shareholders are Giuseppe, Federico and Michele Giglio. In January 2019, Equilybra acquired a minority of the company which has sales of 24.5 million euros.
Translated, a provider of Artificial Intelligence tools for professional translators that Isabelle Andrieu and Marco Trombetti founded in 1999, closed a 30 million US Dollars capital increase that Ardian Growth subscribed for 25 million (see here a previous post by BeBeez). Sources said to BeBeez that Translated now belongs to Andrieu and Trombetti (43.59% each) and Ardian (12.82%). The company’s turnover amounts to 33.8 million euros with an ebitda of 6.9 million and net cash of 8.6 million.
Eurochef Italia, an Italian producer of ready meals that belongs to Alcedo, merged with La Gastronomica, a competitor that belongs to FVS – Sviluppo Pmi 1, and created Gourmet Italian Food (GIF) (see here a previous post by BeBeez). Alcedo will keep a relevant stake of GIF while Stefano Stanghellini, the ceo of Eurochef, and Massimo Zanin, the ceo of La Gastronomica, will keep executive roles. GIF aims to grow through acquisitions. FVS – Fondo Sviluppo Pmi 1 has resources for 50 million euros and will start to raise 75 million by mid July, sources said to BeBeez.
Made in Italy Fund, a vehicle of Quadrivio and Pambianco, acquired the majority of Autry and Ghoud, two Italian producers of sneakers (see here a previous post by BeBeez). Marco Doro, who acquired Autry in 2019 together with Alberto Raengo and Gino Zarrelli and founder Ghoud together with Veronica Sgarbossa, will reinvest in both the companies of which Patrizio di Marco will be the chairman. Made in Italy Fund increased its fundraising target from 200 to 300 million euros.
Mantova Court accepted the receivership application of Corneliani (see here a previous post by BeBeez). Investcorp and Invitalia will launch a newco and will respectively invest 7 million euros and 10 million for relaunching the business.
PHSE, a provider of logistic services for the pharma sector that belongs to Eddy De Vita and Milan-listed NB Aurora, acquired Time & Temperature, a Mumbai-based competitor (see here a previous post by BeBeez). PHSE has sales of 29.8 million euros.
Naturalia Tantum, an Italian cosmetics company, acquired the competitor Togethair from Specchiasol, a portfolio company of White Bridge Investments since 2020 (see here a previous post by BeBeez). Naturalia Tantum is a pole of nutraceutical and cosmetics company that belongs to Assietta Private Equity (77%), Paolo Colonna, Istituto Atesino di Sviluppo, and the founders that the vehicle acquired. Togethair generates abroad more than 70% of its 3 million euros sales. After such an acquisition, Naturalia Tantum will generate sales of more than 35 million. Assietta Private Equity is one of the private capital investors that BeBeez Private Data monitors (find out how to subscribe for only 110 euros a month)
Levante Capital, an investment vehicle that aims to support Italian companies to expand in Asia, received from Banca d’Italia the authorization to operate as a Special Investment Firm (see here a previous post by BeBeez). The Italian central bank allowed Levante to raise up to 25 million euros to invest in private mid market companies. Edoardo Agamennone, Francesco Lorenzini and Francesco Rossi founded Levante in 2020.
The pension fund Solidarietà Veneto aims to invest 100 million euros in the real economy by the end of 2021 (see here a previous post by BeBeez). Solidarietà Veneto has assets under management for 1.7 billion and may allocate more than 30 million for the investments in real economy and 15 million for the infrastructure sector di euro. In accordance with the NextGenerationEU plan, the fund may invest up to 50 million in infrastructures.
Giacomo Santucci is the new chairman of Di Luccia & Partners, an executive search firm for private equity funds and their portfolio companies (see here a previous post by BeBeez). Since 1 September, Wednesday, Santucci will be operative in the role and also as senior operating partner. Domenico Di Luccia founded the business.
Manuel Catalano joined Armonia sgr as vicepresident (see here a previous post by BeBeez). At the end of 2020, Catalano left his managing director role in Clessidra sgr where he had worked years ago with Alessandro Grimaldi and Dario Cenci, the current heads of Armonia.