Oxy Capital announced the signing of an agreement to take over 28 percent of SIF Italia, a leader in the real estate administration sector and listed on the Euronext Growth Milan of the Italian Stock Exchange. Selling the shares are managing director Luca Ruffino and director Cinzia Tarabella, for a total price of 7.9 million euros or 3.97 euros per share (see here a previous post by BeBeez).
Quadrivio Group started the fundraising for Made in Italy 2, its private equity vehicle for the fashion, design, cosmetics, and food&wine sectors (see here a previous post by BeBeez). The firm expects to achieve the first closing between May and June ahead of a final target of 500 million euros.
Irca, an Italian food company that belongs to Advent International, acquired the competitor Sweet Ingredients from Kerry (see here a previous post by BeBeez). The transaction is worth 500 million euros (375 million cash and a vendor loan of 125 million). Sweet Ingredients expects to generate revenues of 405 million with an ebitda of 41 million.
Milan-listed NB Renaissance is in exclusive talks for acquiring U-Power‘s 70%, an Italian producer of safety shoes and clothes that belongs to the Uzzeni Family (see here a previous post by BeBeez). The asset also attracted the interest of Permira, Carlyle, Cinven, PAI Partners, and Rhone Capital. The transaction is worth in the region of 800 million euros. Banca Imi, UniCredit, Bnp Paribas, Banco Bpm, Crédit Agricole Corporate & Investment Bank, and Natixis provide financing facilities. UniCredit, Lazard, Fieldfisher, E&y, and Bcg are handling the sale. Nb Renaissance retained as advisor Houlihan Lokey and Banca Imi, which is also financing the fund. The nav of the potential buyer is worth in the region of 310.3 million (+ 7% yoy) (see here a previous post by BeBeez).
Magnaghi Aeronautica, an Italian producer of aeronautic components, is mulling choosing the investor that will replace 25% owner Three Hills Capital Partners, sources with direct knowledge of the matter said to BeBeez (see here a previous post by BeBeez). Paolo Graziano is the ceo of Naples-based Magnaghi which attracted the investment of Three Hills in 2018. Magnaghi has sales of 135 million euros and a 15% ebitda margin.
A club deal that Banca Finint leads tables a 35 million euros offer for acquiring Il Piccolo, Il Messaggero Veneto, Il Mattino di Padova, La Tribuna di Treviso, La Nuova di Venezia e Mestre, Il Corriere delle Alpi, and Nordest Economia (the local papers of the North East of Italy) from Gedi-Gruppo Editoriale, a publishing company of Milan-listed Exor (see here a previous post by BeBeez). Videomedia, Alessandro Banzato, Enrico Carraro, Federico De’ Stefani, the Nalini Family, and the Zanatta Family are part of the club deal.
A club deal that Aegida Investments led signed an agreement for acquiring a 70% of MCM (Madar Costruzioni Meccaniche), an Italian producer of industrial machinery, from Andrea Morbidelli (30%), Luciano Morbidelli (65%) and Laura Ciabatti (5%) (see here a previous post by BeBeez). Andrea Morbidelli reinvested for a 30% of the firm and kept his ceo role. Agida financed the transaction with its own resources and the support of Intesa Sanpaolo. MCM has sales of 10 million euros and aims to grow through m&a.
Agreen Capital, a Swiss club deals platform, acquired the majority in Probios, an Italian B-Corp food company, sources said to BeBeez Agreen Capital ha acquisito un’ampia maggioranza del capitale (see here a previous post by BeBeez). The investors aim to grow the company through M&A. Probios’ owners Rossella Bartolozzi and Fernando Favilli retained Vitale&Co and BonelliErede as advisors, while the company hired Acacia Capital. Agreen Capital appointed Epyon Consulting, Studio Sebastiani and Avvocati d’impresa. Amundi financed the transaction and received legal assistance from Studio Gatti Pavesi Bianchi Ludovici. Intesa Sanpaolo structured the transaction. Probios has sales of 25.7 million euros with an ebitda in the region of 0.8 million and a net debt of 2 million.
Italian Design Brands, the luxury furniture firm that Private Equity Partners lauched in 2015, reiterated its intention to list on Milan market (see here a previous post by BeBeez).
HWG, an Italian cybersecurity company, will launch between 3 April, Monday, and 5 May, Wednesday, ita announced public offer for delisting Sababa from Milan market (see here a previous post by BeBeez). HWG aims to buy 2.33 million shares or 31.363% of the target at 3,90 euros each for a total of 9.1 million euros. HWG already reached an agreement with Sababa’s shareholders Enrico Orlandi (30.281%), Alessio Aceti (28.262%) and Davide Rota (10.094%) that will reinvest in the company.
Frankfurt-listed Mutares acquired 87.5% of German producer of industrial components BEW-Umformtechnik (see here a previous post by BeBeez). Marigold Capital and Markus Schramek sold their stakes. Mutares will integrate the asset with Italy’s Primotecs.
Milan-listed PIPE investment company First Capital subscribed to a binding agreement for purchasing 88.5% of Invest Italy sim (Isim) from Banca Cambiano 1884 (see here a previous post by BeBeez). First Capital hired Legance. Banca Cambiano appointed Dwf. The transaction is worth 1.1 million euros, including a 10% goodwill. First Capital will pay the asset with its own shares with a price of 23 euros. Banca Cambiano 1884 will have a 2% of First Capital and a 10% of Isim.
Giuseppe Latorre (ceo) and Fabrizio Montaruli (chairman) own 80% of Kitra Advisory, an Italian M&A and alternative investment advisory firm that they founded (see here a previous post by BeBeez). IBL Banca (anchor investor) owns 20% of Kitra which also signed a strategic partnership with Spanish asset manager Arcano Partners
Milan-listed Intermonte appointed Raffaele Ciccarelli as managing director and head of financial sponsors (see here a previous post by BeBeez).
