Investindustrial Growth III, the lower-mid market fund that Investindustrial launched in 2022, raised 1.1 billion euros, above the 1 billion target (see here a previous post by BeBeez). In Novemebr 2022, Growth acquired Arterex, a medical devices supplier. The fund will target Spanish, Italian, Portuguese and Swiss SMEs that can grow internationally. Growth raised 75% of such resources from European investors and 25% from USA. Paul Hastings acted as legal advisor, while Crestbridge as fund administrator. Managing principal Roberto Ardagna heads Growth and its 22 professionals based in London, Madrid and New York. Andrea Bonomi is the head and founder of Investindustrial.
CDP Real Asset, part of CDP, launched FoF (Fund of Funds) Infrastrutture, an article 8 della SFDR (Sustainable Finance Disclosure Regulation) vehicle with a fundraising target of 500 million euros (see here a previous post by BeBeez). The fund will support ESG infrastructure projects. CDP Equity acted as cornestone investor for FoF Infrastrutture which already carried on a 30 million investment in Sustainable Securities Fund, an article 9 SFDR vehicle that Alternative Capital Partners manages.
The enterprise value of Officine Maccaferri, the Italian diversified industrial group that is in receivership since October 2022, reportedly amounts to 700 million euros (see here a previous post by BeBeez). Lazard, DLA Piper and Latham & Watkins are advising the company that attracted the interest of Bekaert, Solmax, Tencant, Permira, Blackstone, CVC, Rhone Capital, and Rivean. Maccaferri has sales of above 666 million with an ebitda of 89 million.
Italian Design Brands (IDB), the Italian high-end furniture company that belongs to Private Equity Partners, will launch its IPO at 10,88 euros per share and a market capitalization of 293 million euros (see here a previous post by BeBeez). The company aims to list by the end of May and appointed Citigroup and Equita as advisors. Tamburi Investment Partners said it is going to acquire 50.7% of Investindesign, the majority owner of IDB for 72 million on the ground of an equity value of 220 million (see here a previous post by BeBeez). TIP also signed a call option expiring on 15 July, Saturday, for acquiring a further 20% of Investindesign. TIP may eventually sell such a stake to Asset Italia, its club deal platform. Such an agreement is subject to the listing of IDB by 30 June, Friday.
Reno de Medici (RdM), an Italian paper company that Apollo Global Management delisted in 2021, signed an agreement for acquiring Swedish competitor Fiskeby International Holding (see here a previous post by BeBeez). RDM has sales of 803.2 million euros and an ebtida of 22.1 million.
Fondo Sviluppo Sostenibile, a private equity with an ESG approach that belongs to DeA Capital Alternative Funds, announced the acquisition of the majority of Magic, a packaging company, from the Giani Family (see here a previous post by BeBeez). Sviluppo Sostenibile retained as advisors Curtis (Legal Due Diligence), Deloitte (Commercial e Financial Due Diligence), Russo de Rosa Associati (Tax Due diligence), Deloitte (financial due diligence), and ERM (ESG Due Diligence). Cerved Rating Agency will assign the ESG rating to Magic which received assistance from Studio Valenti Associato and Studio Ternullo. Magic has sales of 26.3 million euros.
TA Associates acquired 31.88% of Diatech Pharmacogenetics from Alto Partners (see here a previous post by BeBeez). Fabio Biondi, chairman, Oliva Alberti, ceo, and the managers will keep the majority of Diatech.
Italian entrepreneur Inti Ligabue acquired back 44.5% of Ligabue, a catering firm for cruising boats, from Fondo Italiano d’Investimento (30.6%) and Milan-listed NB Aurora (13.6%) for 14 million euros (see here a previous post by BeBeez). Anthilia Capital Partners financed the transaction.
Versalis, an Italian chemical company that belongs to ENI, signed an agreement for raising its 36% stake in Novamont to 100% after having acquired 64% of the target from Investitori Associati and NB Renaissance (see here a previous post by BeBeez). The value for such a 64% stake could amount to 470 million euros.
TEA TEK, an Italian alternative energy company, will take over the Naples-based production site of Whirlpool (see here a previous post by BeBeez).
BizAway, an Italian business travel company, closed the acquisition of Next Generation Travel’s business journey unit (see here a previous post by BeBeez). Davide Cori is the ceo of the vendor company. BonelliErede, Transaction Services and BDO assisted BizAway. NGT appointed Studio Epica Commercialisti. NGT has sales of 1.7 million euros, an ebitda of minus 0.16 million, equity of minus 3.6 million, and a net debt of 1.3 million.
Wateralia, a portfolio company of Ambienta and Caprari, acquired Linea Ricambi and Bergomi Trading (see here a previous post by BeBeez). Caprari Trading, a distributor of idraulic pumps that belongs to the Bergomi Family, sold the asset. Linea Ricambi previously belonged to Italo Bergomi (50%) and Mariarosa Montecchi (50%). Bergomi Trading has sales of 4.5 million euros, an ebitda of 1.3 million and net cash of little above 0.918 million.
Cherry Bay Capital Investment Club announced the acquisition of a minority of Animal Wellness Products (AWP) through the purchase of shares and the subscription to a capital increase (see here a previous post by BeBeez). OC&C Strategy Consultants (fka Long Term Partners), DWF Italy, Deloitte M&A Transactions Services, About Petfood, Studio Legale Ruffini, and Legal Alley acted as advisors. Paolo Cristofori founded AWP in 2002. The company has sales of 6 million euros, an ebitda in the region of 1.3 million and a net financial debt of 3.1 million.
Milan-listed energy giant Enel is close to sell little less than 50% of Greek Enel Green Power Hellas to Macquarie Group (see here a previous post by BeBeez). Enel will invest the proceeds in reducing its debt worth more than 60 billion euros.
Impresoft Group, an Italian ICT company that belongs to Clessidra Private Equity since 2021, announced the acquisition of Open-Co from the Antonelli Family who will reinvest in a minority of the business (see here a previous post by BeBeez). Houlihan Lokey assisted Open-Co while Impresoft retained EY and Alonzo Committeri & Partners. Open-Co has sales of 4.4 million euros, an ebitda in the region of 2.5 million and cash of 1.8 million.
Edizione and Blackstone Infrastructure Partners appointed Andrea Mangoni as ceo of Mundys (fka Atlantia), the Italian motorway management firm (see here a previous post by BeBeez). Mundys belongs to Edizione (57%), Blackstone (37.8%) and Fondazione Cassa di Risparmio di Torino (5.2%).
Marco Sala, chairman of DeA Capital, replaced Paolo Ceretti as ceo of the alternative asset management firm (see here a previous post by BeBeez). Sala i salso the ceo of Italian group De Agostini.
Francesco Forleo is the new ceo and board member of 2i Rete Gas, a network of gas distribution that belongs to F2i, APG Asset Management and Ardian (see here a previous post by BeBeez). Forleo replaced Michele De Censi which became ceo and coo of Sorgenia, a greentech energy company that belongs to F2i and Asterion Industrial Partners since 2020. Sorgenia appointed Corrado Santini, Alessandra Moiana, Alberto Ponti, Michele De Censi, Roberta Neri, Bice Di Gregorio, and Guido Mitrani as board members and Ettore Francesco Sequi as chairman. The company will pay a dividend of 111 million euros. The revenues of 2i Rete Gas amount to 731.6 million while the ebitda is worth 502.5 million.
Di Luccia & Partners Executive Search, an executive search firm for private equity funds and portfolio assets, hired Fabrizio Iaconetti as senior partner (see here a previous post by BeBeez). The expertise areas of Iaconetti, a former partner of Key2people, are marketing & sales, innovation, transformation, and sustainability.
Anteos Capital Advisors, a mid-market financial advisor, hired Enrico Sobacchi as business development and origination director with a focus on partnerships, impact investing and institutional investors (see here a previous post by BeBeez). Sobacchi previously worked for Borsa Italiana. Mario Bottero is the ceo of Anteo.
