Siblings Riccardo, Anna and Andrea Illy, who own 23.09% each of Italy’s eponymous group producing coffee, chocolate, marmelades and wine, aim to reach a settlement out of the Courts for buying out their brother’s Francesco 20.7% of the company (see here a previous post by BeBeez).The stake of Francesco Illy was said to be worth 162 million euros by a third expert but the family didn’t agree on the figure and started a litigation. In November 2020, Illy Group had sold a 20% of the operative company IllyCaffé to Rhône Capital while there are talks to sell a minority in two of the portfolio companies in the sub-holding Il Polo del Gusto.
Prima Industrie, a Milan-listed producer of industrial machinery, is close to attracting a delisting offer from Alpha Private Equity and Peninsula Investments (see here a previous post by BeBeez). In recent days, in fact, the Alpha Private Equity 7 and Peninsula Investments funds, through their vehicle Femto Technologies spa, which they indirectly hold jointly, have signed contracts for the purchase of a total stake equal to 50.1% of Prima Industrie’s voting rights as announced last July. Erste International (28%), Joseph Lee Sou Leung (10%), J and Lem Limited, Gianfranco Carbonato (founder, chairman and ceo of Prima Industrie), Franca Gagliardi (Carbonato’s wife), Domenico Peiretti (vicepresident), Davide Peiretti, and dP-Cube will sell their stakes at 25 euros per share. World Leader Limited, dP-Cube and Carbonato will reinvest for 6.4% of Prima Industries. Carbonato and Peiretti will keep their roles. The funds may pay 129.2 million for Prima and the closing could take place by 31 December, Saturday. Yunfeng Gao (10%) and Lazard Freres Gestion (5%) are Prima’s further shareholders.
F2i sgr announced the acquisition of 60% of aeolian farms already in function and with power of 53 MW and wind energy projects with 430 MW of power based in the North of Spain (see here a previous post by BeBeez). Villar Mir, a diversified Spanish industrial group, sold the assets. Crédit Agricole Assurances (CAA) acquired 40% of the target. F2i is also going to buy from Villar Mir a 40% of retail energy company EVM as well as signing short term option for purchasing the remaining 60% of the business.
NYSE-listed logistic company UPS announced the acquisition of BOMI, an Italian competitor with a focus on the biomedical sector that belonged to French private equity ArchiMed (see here a previous post by BeBeez). Ruomours say that the transaction is worth 600 million euro. Previous press reports said that earlier in December ArchiMed hired Morgan Stanley for selling BOMI
Investindustrial, through the Investindustrial VII fund, announced in recent days two acquisitions in the United States in the food sector: on the one hand, Parker Food Group, a leading company in the development and production of special ingredients with high added value in the North American market, with particular attention to inclusions and seals, sold by The Riverside Company; and on the other a significant part of the food preparation division of TreeHouse Foods Inc, a leader in the production and distribution of private label food products in the retail and catering channel in North America, listed on the NYSE (see here a previous post by BeBeez).
Carlyle announced the acquisition of the majority of Ocmis Group, a manufacturer of advanced irrigation systems for the agricultural sector (see here a previous post by BeBeez). The Montorsi family and the management tem sold the asset. Ocmis retained UBS and Botti Pagani e Cerina as financial and legal advisors. The company has sales of 85 million euros and an ebitda margin of above 20%. Rumours say that Ocmis sold for an enterprise value of 260 million.
NB Renaissance and Chequers Capital announced the sale of Biolchim, an Italian fertilizer producer, to JM Huber Corporation, a US competitor (see here a previous post by BeBeez). The ceo Leonardo Valenti will keep his role. NB Renaissance and Chequers Capital acquired the majority of Biolchim in 2017 from Wise. Biolchim has sales of 140 million euros and an ebitda of 33 million.
Attestor Capital acquired a further 36% of Ferroli, an Italian producer of boilers and air conditioners, from the eponymous family (see here a previous post by BeBeez). As a result, the funds now own 96% of the company, which is worth 500 – 550 million euros. Ferroli has sales of 400 million and an ebitda of 40-45 million and could attract the interest of Daikin, A. O. Smith Corporation and Ariston.
Sonnedix, a global producer of renewable energy that belongs to JPMorgan Asset Management, acquired Sandalia Green and Green Karalis, the owners of a portfolio of Ready-to-Build (RtB) projects photovoltaic plants projects with a total power of 117.8 MW (see here a previous post by BeBeez). Graziella Green Power, IM Consulting, Cordusio Fiduciaria, Tornasole, Benevieri, and FA.LA. sold the assets.
IGI Private Equity and Unigestion announced the acquisition of the majority of Matec Industries (Macchine Tecnologiche), a machinery producer for filtering sewage water that Matteo Goich and Massimo Bertolucci founded in 2004 (see here a previous post by BeBeez). BNL BNP Paribas, BPER Banca, Intesa Sanpaolo, and Crédit Agricole Italia financed the acquisition. For legal counsel and accounting, the vendors retained Gruppo Azimut as financial advisor and Studio Legale Craia and Studio Sacco & Partners. Matec has sales of 50 million euros.
