Ardian tabled a bid on the ground of an enterprise value of 1.1 billion euros for Biofarma Group, a producer of medical items, food integrators and cosmetics that was born in February 2020 out of the merger of Nutrilinea with Biofarma, two portfolio companies of White Bridge investments (See here a previous post by BeBeez). Germano Scarpa and Gabriella Tavasani will keep a 30% of the asset. Biofarma Group has sales of 189 million, an ebitda of 37 million and a net financial debt of 85.7 million
Milan-listed Alerion Clean Power hired Rothschild to sell an up to 40% stake on the ground of an enterprise value in the region of 2 billion euros (see here a previous post by BeBeez). The Gostner family owns 93.8% of Alerion which has a net financial debt of 524.1 million. In 3Q21, the company generated operative revenues of 89 million with an ebitda of 75.1 million.
Unicredit hired PwC to sell Unicredit Leasing, a subsidiary with a portfolio of credits worth 10 billion euros (See here a previous post by BeBeez). The whole asset or some of its units attracted the attention of Italian and foreign private equity funds. Unicredit aims to sell its leasing to carry on the derisking strategy that outlined in the business plan 2022-2024.
Icon Infrastructure signed a preliminary agreement for acquiring Sestriere spa, the company that manages the ski lifts and ski slopes of Sestriere area, for 100-110 million euros (see here a previous post by BeBeez). Giovanni Brasso (65%) and Alessandro Perron Cabus (35%) acquired the asset from FCA (fka Fiat) for 30 million in 2006 and now sold it to Icon. Sestrieres has sales of 25.7 million, an ebitda of 9.5 million and net cash of 2.7 million.
Sixth Street Partners is frontrunning for the acquisition of 49% of Enipower, a subsidiary of Milan-listed Eni that JPMorgan is auctioning (see here a previous post by BeBeez). Sixth Street Partners hired Rothschild and Massimiliano Bianco, the former ceo of Iren. The minority of Enipower is worth in the region of 600 million euros on the ground of an enterprise value of 1.2 billion. The asset also attracted the interest of BlackRock and EIG Global Energy. Enipower has sales of 453 million, operative profits of 126 million, net profits of 106 million and a net financial debt of 350 million. Sixth Street Partners was born in 2020 out of a spin-off of TPG and raised 60 billion US Dollars of assets under management.
ForVEI II, a joint venture that Foresight Group signed with VEI Green to invest in the photovoltaic sector, acquired CB and Piquadro Solar, two companies that own plants with a total power of 6.5MW (see here a previous post by BeBeez). SpicyCo, a vehicle of Illimity and VEI Green, sold the asset. Foresight Group has resources of 8 billion euros under management.
Sonnedix, a renewable energy company that belongs to JP Morgan Asset Management, acquired two portfolios of photovoltaic plants with a power of 5.5 MW from iAM Capital Group and private investors (See here a previous post by BeBeez). The portfolios are Sonnedix Delph (4.5 MW) and Sonnedix Sunvis (1 MW). Sonnedix’ 150 plants have a total power of 293 MW.
SICI subscribed a 1.5 million euros capital increase of Natural Capital Italia, an Italian holding for the preservation of natural capital that belongs to Milan-listed Intek Group (see here a previous post by BeBeez). KME, a copper producer integrated with Intek of which Fondazione Dynamo Camp Onlus, a charity that looks after hill children, has a stake.
Premuda and FINAV holding, a shipping platform that belongs to Pillarstone Italy, aims to sell some of its vessels for financing investments worth 250 million US Dollars (see here a previous post by BeBeez). Premuda expects to generate a 40% ebitda margin in 2021. The company currently owns 31 units and aims to increase its presence in the eco-tanker sector.
Mieci acquired the energy efficiency assets of Esigen (see here a previous post by BeBeez). Renovit (fka Snam4Efficiency), a company that belongs to Cdp Equity and Milan-listed Snam, owns 70% of Mieci. Esigen has revenues of 2.4 million euros and an ebitda of minus 0.436 million
B4 Investimenti, a private equity that Fabrizio Baroni founded appointed Beniamino Viscogliosi as partner (See here a previous post by BeBeez). Viscogliosi previously worked at Kpmg Corporate Finance.
Selle Royal, a producer of bycicle saddles of which Wise Equity has 33% since March 2021, aims to list on Milan market (see here a previous post by BeBeez). The fund, Barbara Bigolin (ceo and chairwoman), Lucia Bigolin and Francesca Bigolin will sell part of their shares and launch a capital increase. Selle Royal has sales of 205.1 million euros, an adjusted ebitda of 37.5 million, net porfits of 18.5 million, and a net financial debt of 42.1 million
US-based Mott Corporation acquired 80% of Asco Filtri from RedFish Kapital, an investment vehicle of Paolo Pescetto that acquired the stake in the target in July 2019 while Ennio Michelini (ceo) and Massimo Mascheroni (coo) (see here a previous post by BeBeez). RedFish posted a return on this investment in the region of 2X. Asco Filtri has sales of 17 million euros, an ebitda of 1.9 million and a net financial debt of 6.7 million
Scrigno, an Italian producer of doors that belongs to PAI Partners since August 2021, expects to generate revenues of above 100 million euros with an ebitda of more than 20 million (see here a previous post by BeBeez). Maddalena Marchesini, the ceo of Scrigno, said to BeBeez that the company aims to carry on acquisitions in Italy and abroad.
Favero Electronics, an Italian producer of electronic items for sport, is holding exclusive talks for selling a stake to Alpha Private Equity (see here a previous post by BeBeez). The company has sales of 24.6 million euros, an ebitda of 15.4 million and net cash of 4.3 million.
Assist Digital, a provider of digital customer relationship management (crm) services that belongs to Progressio and BNL, acquired the majority of Germany’s competitor comselect (see here a previous post by BeBeez). Progressio acquired 30% of Assist Digital in 2020 while BNL invested in the company in 2021. Further owners are chairman Enrico Donati (17.25%), cofounder Giorgio De Giorgi 12.67%, Franco Fradiani (2.23%), and ceo Francesca Gabrielli (2.17%). Assist Digital has sales of 91.8 million euros and an ebitda of 9.3 million with a net financial debt of 5.5 million
GeneraLife, an European chain of fertility clinics that KKR acquired from Investindustrial in November 2021 acquired Italy’s competitor 9.baby (see here a previous post by BeBeez). The target has sales of 6.8 million euros, an ebitda of 1.7 million. GeneraLife has sales in the region of 90 million.
British private equity Three Hills Capital Partners (THCP) aims to pour 49 million euros in equity and debts for supporting the M&A strategy of Milan-listed communication firm SEC Newgate in Usa, the Middle East and South America (see here a previous post by BeBeez). In 1H21, SEC Newgate generated sales of 36.3 million (+15%) with an ebitda of 2.3 million.
Borgosesia Real Estate, part of Milan-listed real estate developer Gruppo Borgosesia, acquired Baec, an engineering and architecture advisory firm, from Guido Albertalli and Marco Brischetto (see here a previous post by BeBeez).
Furio Fabbri both back from Next Holding a stake in Gorent, a rental firm of automotive for urban hygiene (see here a previous post by BeBeez). Next Holding acquired a 20% of Gorent in 2014. The company has sales of 25 million euros, an ebitda in the region of 8.9 million and a net financial debt of 13 million.
Italian network for credit compensation In-Lire acquired competitor Tibex (see here a previous post by BeBeez). Tibex manages transactions worth above 15 million euros. The equity of In-Lire, a benefit company, is worth above one million while its post-money enterprise value is of 3.841 million.
Revalo, an Italian manager of real estate assets, acquired 22.22% of TopLife Concierge, a provider of conciergerie services (see here a previous post by BeBeez). Giovanni Maria Mancini founded TopLife Concierge in 2010. Revalo has assets under management of 6.5 billion euros.
