Mater-Bi (a vehicle of NB Renaissance, Investitori Associati and other investors) is going to sell its 65% in Novamont, an Italian bioplastic producer of which Versalis has 35% (see here a previous post by BeBeez). Catia Bastioli, the company’s ceo, said that the funds are exploring all options for the exit from Novamont, including the launch of an IPO.
Aksìa Capital V fund merged Italian food companies Master, Buona Compagnia Gourmet, Michelis, and Il Ceppo created Italian Food Excellence (IFEX), a sector aggregation pole (See here a previous post by BeBeez). Private debt funds Muzinich and Equita Capital, Banco Azzoaglio, Eurizon Capital Real Asset, and TIFF subscribed the bonds that financed the transaction. Aksìa also acquired the majority of Scarabelli Irrigazione and Giunti, two Italian producers of systems and solutions for irrigation (see here a previous post by BeBeez). Giunti has sales of 35 million euros. Finally Aksìa Group announced the acquisition of Gommatex Spalmati, a producer of special fabrics, from the Giovannelli family who will keep a minority. Gommatex has sales of 23 million euros (see here a previous post by BeBeez).
Algebris Green Transition Fund, a fund for sustainable investments that Algebris Investments manages, announced the acquisition of a 70% of Omnisyst (see here a previous post by BeBeez). The founder and ceo Ezio Speziali will keep his role and a 30% of Omnisyst which has sales of 40 million euros and an ebitda of 6.5 million.
FSI, the private equity that Maurizio Tamagnini, announced to have acquired a 35% of Sterling, an Italian producer of active ingredients for the pharma sector, from the Ferlin family (see here a previous post by BeBeez). Sterling will invest the proceeds of the capital increase in its organic growth and acquisitions. The company has sales of 50 million euros.
Lutech, an ICT group that belongs to Apax Partners since March 2021, announced the acquisition of DOT (Digital On Things) (see here a previous post by BeBeez). Gianluca Ciminata founded DOT in 2018. Lutech has sales of 441.7 million euros, an adjusted ebitda of 55 million and a net financial debt of 262.4 million. Lutech also announced the acquisition of Basiliko, an ecommerce developer (See here a previous post by BeBeez).
The Fund for the protection of employment levels and the continuation of the business activity managed by Italy’s government agency Invitalia is acting too as a savior in the rescue of Conbipel spa, the Italian clothing chain till now controlled by the US turnaround fund Oaktree Capital Management and which ended in extraordinary administration in January 2021. The name of Invitalia emerged in the last few days, at the time of the closing of the transaction with which the Grow Capital Global Holdings PTE fund, a Singapore private equity operator founded in 2019 by the brothers Ajay and Arvind Vij, acquired Conbipel business at an auction held by the extraordinary administration procedure (see here a previous post by BeBeez).
Azimut Alternative Capital Partners (AACP), the US subsidiary of Milan-listed Azimut acquired a 20% of US-based RoundShield Partners (see here a previous post by BeBeez). US pension fund Eversource Energy, the first strategic partner of Aacp, supported the buyer with its resources. AACP now has aum of 16 billion US Dollars. RoundShield has 2.9 billion euros under management and invests in European real estate and infrastructures.
In 1H22, the portfolio companies of Milan-listed Italmobiliare, the investment holding of the Pesenti family, generated aggregate revenues of 843.8 million euros (see here a previous post by BeBeez). The aggregate ebitda amounts to 93.8 million1 (see here the press release and here the analyst presentation). The NAV of the private equity portfolio companies amounted to 1.3 billions.
SpazioDati, a provider of services for sales intelligence, lead generation and portfolio analysis that belongs to Cerved since 2014, acquired Italian competitor Synapta which developed database ContrattiPubblici.org (see here a previous post by BeBeez). Federico Morando and Alessio Melandri founded Synapta in 2016 with the support of Celi. Synapta has sales of 0.86 million euros and net cash of 0.44 million
Riello Investimenti Partners acquired a stake in Croci, an Italian producer of accessories for pets and aquariology of which Mindful Capital Partners (fka Mandarin Capital Partners) has a 70% since December 2021 (See here a previous post by BeBeez). Sources said to BeBeez that Riello acquired a minority of the business from Mindful. The founder and ceo Dario Croci holds 24.7% of Croci which has sales in the region of 50 million euros (50% abroad).
Keensight Capital, a paneuropean Growth Buyout private equity, reached an agreement for acquiring the majority of Axxam, a life science Partner Research Organization (PRO) (see here a previous post by BeBeez). Stefan Lohmer (37.21%), Alessandro Sidoli (24.81%), Luigi Gavazzeni (cfo – 9.47%), Bayer (23.24%), and Zambon Company (5.26%) are the current owners of Axxam which has sales of 27 million euros, an ebitda of 5.1 million and a net financial debt of 3.2 million
DGS, an Italian cybersecurity that belongs to HIG Capital since September 2020, announced the acquisition of Italian competitor InnovatesApp, a SAP partner, from Antonio Marchese and the ceo Maurizio Russo (see here a previous post by BeBeez). HGIG. and DGS retained King & Wood Mallesons, Orrick Herrington Sutcliffe, Fineurop Soditic, and Spada Partners as advisors. InnovatesApp and the vendors hired Ughi e Nunziante, TCFCT – Studio Associato Consulenza Societaria e Tributaria and Mama Advisory. Melex studiolegale assisted Russo. Simmons & Simmons acted as legal advisor to the banks. InnovatesApp has sales of 8.6 million euros, an ebitda of 0.3 million and a net debt of 1.6 million.
Lampa, a producer of accessories for luxury fashion that belongs to White Bridge Investments, acquired the majority of Glb from Boncompagni family (see here a previous post by BeBeez). Lampa retained Houlihan Lokey, Vitale&Co and Pedersoli as advisors. Lampa has sales of 24 million euros, an ebitda of 5.8 million and a net financial debt of 2.4 million
Multiversity, an Italian e-learning group that belongs to CVC Capital Partners, signed a partnership with Gruppo San Raffaele for acquiring Università Telematica San Raffaele Roma (see here a previous post by BeBeez)
Alcedo acquired 64.2% of Ekalab, a producer of food integrators and medical devices, from Giuseppe Salvadori, Josef Peron and Andrea Rosso who will keep a 35.8% and their management roles (See here a previous post by BeBeez). The private debt funds of Finanziaria Internazionale Investments and Riello Investimenti Partners financed the transaction. Ekalab has sales of 36 million euros.
Fondo Italiano d’Investimento sgr and Armònia committed to acquire the majority of Gruppo Quick, a producer of yachting equipments, from the Marzucco family (see here a previous post by BeBeez). Quick has sales of 65 million euros.
Italian football club Sampdoria attracted the interest of WRM Group which is helping a British investor (see here a previous post by BeBeez). The team reportedly attracted an offer of Cerberus-Redstone. Lazard is assisting the vendor Massimo Ferrero. EY said that Sampdoria is worth 182 million euros. KPMG said that Sampdoria is worth 141 million.
NEXT Holding, the single family office of Andrea Manganelli, acquired a relevant minority of Ecoservim, a provider of real estate maintenance services (see here a previous post by BeBeez). Ecoservim has sales of 70 million euros.
Nuo, a company that Exor launched with WWICL (The World Wide Investment Company Limited) signed an agreement for acquiring a 26.4% of Andriani, a producer of gluten-free pasta (see here a previous post by BeBeez). Francesco and Michele Andriani equally own Nuo which has sales of 77.9 million euroa, an ebitda of 10.9 million and a net financial debt of 27.3 million.
onEquity (fka ClubInvest, APE and Arca Impresa Gestioni), the club deal vehicle of Carlo Massacesi acquired Stommpy, a producer of labor safety systems (see here a previous post by BeBeez). Banco Bpm financed the acquisition. Massacesi became the chairman of Stommpy. Marco Chiarini and Luca Gatti, co-ceos, invested for a minority of Stommpy which has sales of 10 million euros and a 20% ebitda margin.
