Advent International acquired from Style Capital the majority of fashion luxury brand Zimmerman on the ground of a 1 billion euros enterprise value according to sources that press items quoted (see here a previous post by BeBeez). The eponymous Family and the vending fund will keep a minority of the company.
Italian engineering and infrastructure company Rina attracted an equity investment of 180 million euros from Fondo Italiano d’Investimento (FII) and other co-investors that will buy 33% of the business (see here a previous post by BeBeez). The closing of the deal may take place by fall 2023. Arca Space Capital and Banor supported FII. Lazard, Banca Akros, PwC, Linklaters, and Studio Legale Gattai, Minoli, Partners assisted Rina. FII retained BCG, Legance, New Deal Advisors, Kpmg, Erm, Marsh, and E&Y Parthenon.
Fondo Strategico Italiano (FSI) will invest up to 100 million euros for acquiring the majority of Bancomat, the Italian network of ATM and cash machines (see here a previous post by BeBeez). FSI signed a binding agreement with the company’s owners Intesa Sanpaolo, Iccrea Banca, Banco Bpm, and BPER for the subscription to a capital increase.
Italian-British scaleup newcleo, a developer of innovative nuclear energy plants, paid 68.9 million euros for acquiring French Pompes Rütschi and Swiss Rütschi Fluid from Aturia (part of Wpil) (see here a previous post by BeBeez). The closing may take place in 4Q23. Baker McKenzie and EY assisted newcleo. Aturia hired Ubs, BonelliErede and Kpmg. The targets have sales of 22.3 million.
Omnia Technologies (fka DT Holding), a packaging company of Investindustrial, acquired Italian competitors TMCI Padovan and Omega (see here a previous post by BeBeez). Synergo Capital (94.52%), Ipe (4.73%) and Paolo Zapparoli (0.76%) sold TMCI. Omnia Technologies retained Banca Finint, BonelliErede, PwC, WSP Italia, and Willis Towers Watson. Pirola Corporate Finance assisted the vendors. TMCI has sales of 50 million, an ebitda of 3.7 million and net cash of 8.6 million.
Smart4 Engineering (SM4), an European investor in Ict, raised from 60% to 100% its stake in Italy’s Eurosystem (see here a previous post by BeBeez). The buyer completed a refinancing of Eurosystem. Gian Nello Piccoli (ceo that will keep his role) and other shareholders sold their stakes in the target. Banco Bpm Top Network acted as equity sponsor and retained as advisor Pedersoli Studio Legale and Cappelli Rccd. Banco Bpm financed the transaction. TP Legal assisted the vendors. Piccoli reinvested in SM4. Sources said to BeBeez that the target’s enterprise value is of 15 – 18 million euros.
MSC, the shipping company of the Aponte family, acquired the majority of Italian AlisCargo Airlines ahead of purchasing the whole asset by early 2024 (see here a previous post by BeBeez). Gruppo Leali sold the firm and retained Banca Finanziaria Internazionale as advisor. The vendors aim to focus on the development of Lefay Resorts, an Italian luxury hotel that has sales of 33.6 million euros and an ebitda margin of below 20%.
Equiter Infrastructure and Eurizon‘s Iter and Iter Eltif acquired 90% of Tecnofer, a railways maintenance company, from the Ascari Family that will keep a 10% of the business (see here a previous post by BeBeez). Carlo Ascari will remain in charge as ceo. Eurizon and Equiter will buy 54% and 36% of Tecnofer. Chiomenti, Cassiopea Partners, Clearwater International, Roland Berger, Deloitte, GBSapri, Protiviti, Rina, and Macfin assisted the buyers. The vendors retained Advant NCTM, Fineurop Soditic and Studio Rebecchi.
Eulero Capital acquired Mondeox – The Shoe Factory, an Italian producer of shoes (see here a previous post by BeBeez). Eulero is a permanent capital investor that Roberto d’Angelo, Filippo Bruno, Gianfranco Burei, and Newseed created in 2020. Mondeox has sales of 37.7 million euros, an ebitda in the region of 4 million and net cash of 1.7 million. Maurizio Florian (52%), Mariantonia Florian (18%), Manuel Florian (18%), and Valentina Florian (12%) sold part of their stakes in the firm. Gatti Pavesi Bianchi Ludovici and Pirola Pennuto Zei & Associati assisted Eulero. The vendors retained Studio Legale Zara – Scremin & Partners.
Aksìa Group acquired the majority of Gruppo Kintek, a producer of industrial components, from OMH4, a club deal vehicle of Ocean Merchant Sebastiani Tax and Accounting Firm (see here a previous post by BeBeez). Sources said to BeBeez that Axia appointed a ceo that will invest in the target. OMH4 acquired Kintek in 2021 from Laura Cedro and Piero Ozimo that reinvested in the business. Aksìa hired Giliberti Triscornia e Associati, EY, Goetz Partners, Russo De Rosa Associati, De Luca & Partners, and Aecom. Banco BPM financed the transaction and received assistance from Studio Legale Dentons. OMH4 hired Orrick, Studio Sebastiani and Ocean Merchant Corporate Finance. Kintek has sales of 11.6 million euros, an ebitda of 2.11 million and a net financial debt of 3.4 million.
Tec Beauty, an investment vehicle for the cosmetics sector that The Equity Club launched, acquired a minority of Regi, a manufacturer of make-up and skincare products (see here a previous post by BeBeez). The co-ceos Vittoria Cicchetti and Alessandro Ratini will keep the majority of the business. New Deal Advisors, AT Kearney and Studio Legale Gatti Pavesi Bianchi Ludovici assisted The Equity Club. The vendors retained Studio Legale Pavia e Ansaldo and CLA STP. Regi has sales of 47.6 million euros, an ebitda in the region of 10 million and net cash of 25.8 million.
Px3 Partners, a London-based private equity, acquired Italian producer of industrial components Cofimco from NYSE-listed Chart Industries (see here a previous post by BeBeez). Petter Johnsson, Giampiero Lenza and Sébastien Mazzella Di Bosco launched Px3 which retained Alvarez&Marsal, Marlborough Partners and Lazard.
Grolleau, a Paris-listed producer of iron electric cabinets, acqured 49.5% of Italian competitor OMP Mechtron (see here a previous post by BeBeez). The Conte Family will keep a controlling stake and the management of OMP which retained as advisor Global Strategy and Pedersoli. Grolleau hired Atout Capital and CastaldiPartners. Grolleau has sales of 34 million euros.
Depuracque, the water depuration subsidiary that since 2018 belongs to Italian multiutility Veritas, acquired a stake of Venice-based start-up 9-Tech, a company active in the recycling of electronic waste materials (see here a previous post by BeBeez). Venice Municipality owns 50.94% of Veritas.
Armònia Italy Fund, the vehicle that Alessandro Grimaldi (ceo), Sigieri Diaz Della Vittoria Pallavicini, Francesco Chiappetta, and Fabrizio Di Amato created, raised 140 million euros ahead of a 350 million target (see here a previous post by BeBeez). The fund attracted the resources of Family Offices, Institutional investors and entrepreneurs that closed deals with the fund.
