Italian insurer Eurovita, a company that Cinven created in 2016 after having acquired Ergo Previdenza, Old Mutual Wealth Italy (fka Skandia) and Eurovita Assicurazioni and Pramerica Life in 2019, is again for sale (see here a previous post by BeBeez). Citi and Deustche Bank are advising for the sale of Eurovita which must launch a capital increase of 150 million euros. Cinven aims to sell the asset on the ground of an enterprise valu of 600 – 700 million. Eurovita attracted the interest of Blackstone, EICG (European Insurance Consolidation Group), Cnp Assurance, and Crédit Agricole, GamaLife (a portfolio company of Apax), and ICG.
Gruppo Seven, the Italian owner of Invicta that belongs to Green Arrow Capital, acquired 75% of Incall, a stationery producer that has the brand Mitama (see here a previous post by BeBeez). Marta Mattioni and Michele Strazzera will be the co-ceos of Incall which has sales of 17 million euros, an ebitda of 3 million and a net financial debt of 3.1 million.
Oakley Capital reinvested in Facile.it, the Italian comparator for personal finance products and utility services (see here a previous post by BeBeez). Oakley invested with Silverlake which acquired Facile.it for more than one billion euros from EQT and Oakley itself.
Sweden-listed investment company Lifco signed the closing for acquiring the majority of Trevi Benne, a produder of equipments for the demolition sector (see here a previous post by BeBeez). Trevi Benne previously belonged to the Vaccaro family and in 2021 generated sales of 36.9 million euros, an ebitda of 4.1 million and net cash of 57,000 euros.
Impresoft, a technology pole born in November 2019 out of the merger of 4ward, Brainware, Gruppo Formula, Impresoft, and Qualitas Informatica, announced the acquisition of Cloudnova, an inbound marketing and marketing automation firm (see here a previous post by BeBeez). In December 2021, Clessidra Private Equity, Anima Alternative and Italmobiliare acquired the majority of Impresoft from Xenon Private Equity. Cloudnova has sales of 1.5 million euros, an ebitda of 0.538 million and net cash of 0.23 million
Swedish private equity Njord Partners is mulling for a sale of its 91.54% in Ancona International Airport (fka Aerdorica) (see here a previous post by BeBeez). Njord acquired the asset in 2019. Innovest denied its interest in Ancona International Airport despite sources said that it was competing for the asset. Ancona Airport also attracted the interest of a pool of Italian entrepreneurs. The airport has sales of 3.8 million euros, an ebitda of minus 3.8 million, net losses of 3.2 million and net cash of 3.7 million
Bluefield Partners, a London-based investor in renewable energies with AUM of 1.4 billion euros, acquired solar projects developing a capcity of 47 MW from Shanghai-listed Trina Solar, a photovoltaic firm that owns plants and projects in Italy (see here a previous post by BeBeez). Bluefield Partners also acquired CIC Ceneselli from German CIC Group. CIC Ceneselli has plants with a total power of 12 MW (see here a previous post by BeBeez).
Viventions, a French producer of closures for the wine sector that belongs to L-GAM since 2021, acquired Italian competitor Federfin Tech from Federico and Livio Masarati (see here a previous post by BeBeez). Mediobanca advised Fiderfin Tech which has sales of 46.1 million euros, an ebitda of 4.3 million and a net financial debt of 3.3 million.
Finint Equity for Growth (Finint E4G)fund acquired the majority of Tecno Cover, an Italian distributor of stoves that owns the brand Stoveitaly (see here a previous post by BeBeez). The Comero brothers and the ceo Lorenzo Verlato will reinvest for a minority and keep their executive roles. Tecno Cover has sales of 7.4 million euros an ebitda of 2.6 million and net cash of 3 million.
Socotec Italia, part of French Socotec, acquired IMG (see here a previous post by BeBeez). Clayton, Dubilier & Rice acquired a 30% of Socotec which has sales of 1 billion euros.
WIIT, a Milan-listed provider of IT services in outsourcing to SMEs, subscribed a binding agreement for acquiring Lansol Datacenter GmbH, a private cloud and PAAS (Platform as a Service) for the tax & accounting industry, through its German subsidiary myLoc managed IT AG (see here a previous post by BeBeez). German private equity BE Beteiligungen and the founder Thomas Krug sold the asset. Wiit will pay 18.1 million euros for Lansol.
Safety21, a software provider that belongs to BU (Bregal Unternehmerkapital), committed to acquire Italian competitor Ge.Fi.L spa (Gestione Fiscalità Locale), from from Gruppo Kauri which will reinvest for a minority of the target (see here a previous post by BeBeez). After such a merger, Safety21 will make the Italian leader for the smart city and smart mobility sector and generate sales of 65 million euros. Ge.Fi.L has revenues of 8.2 million, an ebitda of 1.7 million and net cash of 9.3 million
Alpine Electronics, a Japanese producer of solutions for the automotive sector, acquired a further 20% of Faital, an Italian producer of speakers, from Minerva Ventures (see here a previous post by BeBeez). Alpine had acquired 19.9% of Faital in November 2018 and had raised its stake to 80% in June 2019. Faital has salesof 42.8 million euros, an ebitda of 5.9 million and net cash of 5.7 million.