Italian software house and tech company TeamSystem, a portfolio asset of Hellman&Friedman (H&F) and HG Capital, attracted a 600 million euros investment from Silver Lake for a minority (see here a previous post by BeBeez). Evercore advised H&F and TeamSystem which has sales of 695.8 million, an adjusted ebitda of 310.2 million (+31.5% yoy), net losses of 146 million (64 million), and a net financial debt of 1.54 billion
Sources said to BeBeez that Intesa Sanpaolo and Unicredit will finance Luxembourg’s Seta Holding public offer on Milan-listed Sebino, an Italian provider of safety and fire fighting systems (see here a previous post by BeBeez). Seta (for which J Hirsch acts as advisor) already owns 85.33% of Sebino and must delist the company in the next monthes. Sebino has a market capitalization of 95.7 million. Seta Holding also acquired Silca, an Italian producer of components for agricoltural machinery, from the ceo Francesco Alessandro Gally who kept his role (see here a previous post by BeBeez). Intesa Sanpaolo financed the transaction. Silca Holding appointed Molinari Agostinelli Studio Legale as advisor. Pedersoli Studio Legale and Studio Ciani Ramasco assisted the vendor. Intesa Sanpaolo hired Advant Nctm. Silca has sales of 22 million with an ebitda in the region of 5 million.
Twenty First Capital (TFC) acquired 29% of Milan-listed Banca Profilo for 50.4 million euros (180 million enterprise value) from Sator Private Equity who previously owned 62.4% of the business (see here a previous post by BeBeez). TFC will not launch a delisting offer. However, the fund will close the deal if Sator will sell at least a further 22% of the bank (of which it currently owns 33.4%) by 30 November, Thursday.
MBE Worldwide (Mail Boxes Etc.), an Italian logistic and stationery company that belongs to Graziano Fiorelli and Oaktree Capital Management (40% since January 2020), acquired Pack & Send New Zeland (Pack & Send NZ) from the company’s master licensee (see here a previous post by BeBeez). MBE has revenues of 1.3 billion euros
The Italian Antitrust authorized Azimut Libera Impresa to acquire Next Imaging, a distributor of artificial vision systems that Ambienta created in 2018 (see here a previous post by BeBeez). The target previously belonged to Ambienta (77.7%), Milena Longoni, Marco Diani, Paolo Longoni, Fabrizio Ricchetti, and Michael Troiano who will reinvest for a minority. Banco BPM, BPER Banca, Banca IFIS, and a bond that Merito subscribed financed the transaction. Azimut Libera Impresa retained as advisor Chiomenti, Cozen O’Connor, EY Parthenon, EY, ERM, Chiaravalli Reali e Associati, and BC& Studio di Consulenza Societaria Tributaria Legale. The lenders and Merito appointed Simmons & Simmons. Ambienta hired Lincoln International, Goetzpartners, Portolano Cavallo, Gianni & Origoni, Calfee, Halter & Griswold, and PwC. The managers received assistance from Mara Sartori, Caterina Tiziana Belviso and Oliver Pucillo Furer. Next Imaging has sales of 58.9 million euros, an adjusted ebitda of 10.2 million and a net financial debt of 5.7 million
Idee Partners, a producer of luxury bags that belongs to Milan-listed Pattern, raised from 60% to 100% its stake in Italian competitor Petri & Lombardi with an investment of 0.51 million euros (see here a previous post by BeBeez). The Petri Family sold its stake. The target has sales of 2 million, an ebitda in the region of 0.1 million and net cash of 0.174 million. Idee Partners has sales of 11 million, an ebitda of 0.36 million and a net debt of 0.478
HOPE Sicaf called off its ipo on Milan Market as it failed to raise 100 million euros for carryin on private equity and sustainable investments (see here a previous post by BeBeez). Claudio Scardovi is the ceo and founder of HOPE
Milan-listed Labomar, a nutraceutical company that belongs to Walter Bertin, attracted the delisting interest of Charterhouse for a 32.393% of the business at 10 euros per share (see here a previous post by BeBeez). Bertin and Claudio de Nadai have 67.607% of Labomar. Master Lab (6.186%) will tender the offer while Value First Sicaf will not sell its 4.9%. Charterhous will subscribe a 59.9 million euros capital increase for acquiring 32.384% of Labomar. The fund also signed an option for buying 21% of the company between 31 January 2025 and 31 January 2026. If Charterhouse will not exercise the option, LBM will have the right to acquire CCP’s stke between 1 February 2026 and 31 July 2026. LBM Next retained Intesa Sanpaolo and Pavia e Ansaldo. Charterhouse hired Gianni Origoni and New Deal Advisors.
Swiss Life Asset Managers, a firm with more than 10.2 billion euros of aum, invested 84 million euros the majority of Powy, an independent developer, owner and operator of public charging stations for quick, fast and ultra-fast electric vehicles (see here a previous post by BeBeez). Federico Fea (66% – ceo) and Andrea Brentan (22% – chairman) sold part of their stakes and kept their roles. Barclays assisted Powy.
Gruppo Metra, an Italian producer of aluminium that belongs to KPS Capital Partners since 2021, is working on an acquisition that may boost the sales by 30%, ceo Enrico Zampedri reporterdly said (see here a previous post by BeBeez). The US-based target has a turnover of 200 million euros. Metra has revenues of 596 million, an ebitda of 60 million, and a net debt of 84 million.
Milan-listed Digital360, a B2B publicher and provider of marketing services, said on 19 May, Friday, to have signed an agreement with Three Hills Capital Partners that will acquire 61.7% of the business from Andrea Rangone, Mariano Corso, Alessandro Perego, Gabriele Faggioli, Raffaello Balocco, and other shareholders at 5,35 euros per share (see here a previous post by BeBeez). Three Hill will have to delist the company with an investment of up to 64.2 million euros. Mediobanca, RSAdvisor and ADVANT Nctm assisted the main shareholders of Digital360. THCP retained Linklaters, BCG, EY, Gatti Pavesi Bianchi Ludovici, and AON.
Silver Economy Fund, a vehicle of Quadrivio Group, announced the acquisition of the majority of Siare International Engineering, a medical devices producer from the Preziosa Family (see here a previous post by BeBeez). Giuseppe Preziosa will keep his chairman role and reinvest in the company while the general manager Paolo Suzzani will act as ceo. Siare appointed Credit Agricole Italia and Russo De Rosa Associati as advisors. Silver Economy Fund retained PWC, LSC – Lifescience Consultants, King & Wood Mallesons, and Legance. Siare has sales of 28.1 million, an ebitda of 17.9 million and net cash of 7.4 million.
Mediterranean Phoenix announced the acquisition of Italian wine producer Judeka Winery (see here a previous post by BeBeez). The target has sales of 1.4 million euros, an ebitda of minus 0.26 million, a 3.9 million net debt, and equity of 0.414 million
The football clubs that are part of Italian Lega Serie A launched the auction for the TV rights for the seasons 2024-2025 – 2028-2029 (see here a previous post by BeBeez). The basic asking price is of 3.6 billion euros for a three-year contract, 5.28 billion for a four-year contract and 7.2 billion for a five-year contract. Luigi De Siervo is the ceo of Lega Serie A.
Ambienta acquired an undisclosed controlling stake of Gruppo Spaggiari Parma, an Italian software house of which Pier Paolo Avanzi will keep a minority and the chairman role while Riccardo Lucio Agostini will act as ceo (see here a previous post by BeBeez). Prior to the acquistion, the company belonged to Avanzi (39.53%), Carlotta Cornini (33%), Maria Michela Spaggiari (33%), and Andrea Spaggiari (27.47%). Klecha & Co. and Studio Mora assisted Spaggiari Parma which has sales of 27.4 million euros, an ebitda of 3.1 million and net cash of 7.5 million. Ambienta retained as advisor Gattai, Minoli, Partners and PwC Italia.
The French solar shading group Stella Group, a portfolio company of PAI Partners, aims to acquire Italian competitor Pratic F.lli Orioli from the eponymous Family (see here a previous post by BeBeez). The transaction is subject to the clearing of the Italian Antitrust Authority. Pratic has sales of 64.6 million euros, an ebitda of 19.9 million and net cash of 20.2 million. Stella Group’s majority belongs to PAI Partners since 2019 and has a turnover of 650 million.
Biofarma Group, an Italian third-party manufacturer of nutraceutical products that since 2022 belongs to Ardian and the Scarpa Family, announced the acquisition of US Pharma Lab from the chairman and founder Ashok Luhadia, the ceo Amol Luhadia and the Luhadia Family that will reinvest for a minority (see here a previous post by BeBeez). Biofarma will finance the transaction with equity and debt. Amol Luhadia and the managers will keep their roles. Biofarma Group retained as advisor Jefferies, Advancy, Axis Arbor, Latham & Watkins, Gattai, Weil, Gotshal & Manges, and PWC. US Pharma Lab hired Rothschild & Co, Sheppard, Mullin, Richter & Hampton LLP, Walter Advisors, Wilkin & Guttenplan, P.C., and CohnReznick LLP. Biofarma has sales of 282 million euros.
Scarabelli Irrigazione, an Italian producer of irrigation items that belongs to Aksìa Group and Giunti since 2022, announced the acquisition of Italy’s Europlast and FGR and Spanish Samcla ESIC whose founders Jordi Samon Castella and Manel Claus March retained a minority (see here a previous post by BeBeez). Scarabelli retained as advisors Studio Legale Giliberti Triscornia e Associati, Andersen Spain, Studio Legale e Tributario Russo De Rosa Associati, EY, and CP Advisors. Europlast has sales of 7.9 million euros, an ebitda in the region of 0.79 million and net cash of 0.33 million. The Costamagna Family sold the asset. Scarabelli has sales of 50 million.
Milan-listed insurer Generali appointed Mediobanca and Rotschild for the sale process of Tua Assicurazioni which could receive in one month the non-binding offers (see here a previous post by BeBeez). Sources said to BeBeez that the asset is worth 250 – 300 million euros and that attracted the interest of trade buyers Allianz, Talanx, Mapfre, Axa, Covéa, Groupama, Helvetia, Admiral, Ageas, Prima Assicurazioni, Reale Mutua, and Bene Assicurazioni (a portfolio company of Italmobiliare). Private equity funds have not yet tabled any bid. Michele Corbo is the ceo of Tua Assicurazioni, a firm that Andrea Sabìa created in 2003
HWG, a cybersecurity company that belongs Investcorp Technology Partners delisted, announced the integration with Sababa Security after having launched a delisting offer of 4,28 euros per share (see here a previous post by BeBeez). The transaction is worth 8.83 – 9.7 million euros
Belgium’s Ceres Pharma, a portfolio company of Naxicap Partners, announced the acquisitio of Amnol Chimica Biologica and Euronational, two Italian producers of food integrators and cosmetics (see here a previous post by BeBeez). Amnol’s employees and shareholders Antonella Della Piana, Carlo Della Piana and Giorgio Stefanelli (ceo) will keep their seats in the board. Fante Advisory (part of Banca Investis) and BDO Law advised the vendors. PwC and PwC TLS assisted Ceres Pharma. Amnol has sales of above 7 million euros.
Sources said to BeBeez that Arcadia is working on the launch of Arcadia Sustainable Fund (ASF) that may raise 80 million euros by July 2023 ahead of a target of 120 million (see here a previous post by BeBeez). ASF will target SMEs wiht a strong ESG strategy and sales of 10-50 million euros.
Mediobanca is acquiring Arma, an advisory company (see here a previous post by BeBeez). Mediobanca will pay the acquisition in cash (40% at the closing and four annual instalments based on the target’s performance). London-based Arma was born in 2003 and has bureaus in Montecarlo and the USA while its network has affiliates in Japan, Australia, Israel, Turkey, and Brazil.