Fibermind, an Italian provider of TMT solutions that belongs to CVC and CDP Equity portfolio company Maticmind, said it acquired the ultrabroadband (UBB) solutions unit of Italtel, a company of PSC Group (53.66%), Clessidra Capital Credit (28.62%) and Milan-listed TIM (17.72%) (see here a previous post by BeBeez). The closing may take place between late September and early October upon the Golden Power authorization receival. Maticmind has sales of 372.5 million, an ebitda of 36 million and net cash of 47.5 million.
Walter Bertin and Charterhouse completed the delisting from Milan market of Italian nutraceutical company Labomar (see here a previous post by BeBeez). The bidders acquired Labomar on the ground of an enterprise value of 212 million euros. Labomar launched its IPO on Milan market on 5 October 2020 at 6 euros per share and raised 29.9 million.
Sebino Holding, a vehicle of Luxembourg’s Seta Holding for which J Hirsch acts as advisor for Italy, raised 98.47% of Sebino an Italian security firm, and delisted it from Milan market (see here a previous post by BeBeez). On 28 July, Friday, the bidders launched a public offer of 7.20 euros per share on the ground of an enterprise value of 80 million euros. Sebino has sales of 73 million, an ebitda of 10.7 million and net cash of 12.6 million. Gianluigi Mussinelli will keep his ceo role.
GIA, an Italian provider of thermohydraulic solutions that belongs to Ethica Global Investments since 2018, acquired 76% of Vorpa, a producer of anchors and fastening systems for the construction sector (see here a previous post by BeBeez). The Vorabbi Family will keep a minority of the target. Giacomo Vorabbi, Nicoletta Vorabbi and Roberto Vorabbi (ceo) previously held 33,33% each of the company and received assistance from Studio Fulcros and Studio LexJus Sinacta. Ethica Global Investments appointed as advisors Studio Pavia & Ansaldo, KPMG , Studio Tributario Deiure, and HPG. Banco Desio financed the transaction. Vorpa has sales of 13 million euros, an ebitda of 3.3 million and a net financial debt of 0.347 million. After this transaction, GIA will generate sales in the region of 40 million.
Fondo Italiano d’Investimento, Sviluppo Campania and Elite set a 45 million euros fundraising target for Basket Eque a vehicle for private equity and quasi-equity co-investments in companies based in the Southern Italian region of Campania (see here a previous post by BeBeez). By the end of 2023, the fund aims to raise a hard cap of 50 million. Davide Bertone is the ceo of Fondo Italiano d’Investimento. Mario Mustilli is the chairman of Sviluppo Campania. Marta Testi is the ceo of Elite,
Orienta Capital Partners, a club deal platform, acquired the majority of Bierrebi, an Italian producer of industrial machinery (see here a previous post by BeBeez). The Virlinzi Family (60%) and Mario Paoluzi (40%) sold part of their stakes. Francesco Virlinzi and Paoluzi (co-ceos) will remain in charge as well as directors Simone Compagnucci and Giuseppe Cianci. Riello Investimenti financed the transaction with a mezzanine bond facility. Simmons & Simmons assisted the senior lenders BPER Banca, IFIS, Solution Bank, and Green Arrow Capital. Orienta Capital Partners retained as advisors Deloitte, PWC, HPC, Gitti & Partners, and Lincoln International. Bierrebi, which hired Poggi e Associati and BonelliErede, has sales of 20 million euros with an above 45% ebitda margin.
Rigoni di Asiago, an Italian food producer that belongs to the eponymous family and Kharis Capital, acquired the majority of Italian B-corp Ambrosiae Società Benefit from Martina Olivieri (65%) and Cleca (35%) (see here a previous post by BeBeez). Rigoni hired Bellora e Associati while Ambrosiae retained Grimaldi Alliance. The target has sales of 2 million euros, an ebitda of minus 0.076 million, net debt of 1.2 million, and equity of minus 0.165 million.
Italian lobbying and consulting firm The European House – Ambrosetti acquired 49% of StrategiQs Edizioni, the publisher of The Harvard Business Review Italia (Enrico Sassoon ceo will keep 51% of the business) and a minority of Foodball, an Italian developer of sport entertainment and food projects that owns 70% of Oltre Consulting (see here a previous post by BeBeez). Sources said to BeBeez that Ambrosetti currently owns 20% of Foodball which belongs to Maria Cristina Russo (32%), Argentine former footballer Javier Zanetti and Alfredo Altavilla (16%) who paid 0.12 million euros for acquiring 20% of the business earlier in July. Julio Salomon Harari owns 4.8% of Foodball. The European House – Ambrosetti to Valerio De Molli (77.78%), Marco Grazioli, Chiara Ambrosetti, and other managers. The firm has sales of 44.1 million and net cash of 9.3 million.
Verdalia Bioenergy, a vehicle of that Goldman Sachs launched earlier in February for investing more than one billion euros in biomethane European deals, appointed Matteo Grandi as country manager for Italy (see here a previous post by BeBeez).
STPG Scouting Capital Advisors, an international corporate finance advisor, appointed Davide Eugenio Milano as managing partner (see here a previous post by BeBeez). Milano has a strong international experience in the SPACs sector.
