Paris-listed financial investor Tikehau Capital acquired 25% of Brandart, an Italian packaging, merchandising and display procurement company (see here a previous post by BeBeez). Fineurop Soditic and Cornelli Gabelli e Associati assisted Brandart while Tikehau Capital retained McKinsey & Company, Deloitte, Gattai, Minoli, Partners, and INDEFI. Maurizio Sedgh, the founder and ceo of Brandart, will keep the company’s control. Brandart has sales of 215 million euros with anebitda margin of 14.8% (27 million) and a net financial debt of 9 million. Roberto Quagliuolo is the deputy head of private equity and co-head of Italy of Tikehau Capital.
Sources sait to BeBeez that F2A, a BPO company that belongs to Ardian since 2016, acquired 70% of of Italian 2A Group, an ESG consulting firm (see here a previous post by BeBeez). Cfn Generale Fiduciaria (of which Del Fante Quattro has 65% and Gruppo Mutuionline 35%) will keep 30% of the target. Cesare Alfonsi and Alessandro Amicabile will keep their management roles in 2A Group which has sales of 5 million euros, an ebitda in the region of 1 million and a net financial debt of 0.254 million. F2A has sales of 70 million.
Lifenet Healthcare, a portfolio company of Exor, acquired 40% of CAB Polidiagnostico from the Paolo Godina (80% – ceo) and Matteo Godina (20%) (see here a previous post by BeBeez). The companies did not disclose further details. Vitale & Co, LCA Studio Legale and Studio Colombo-Canzi assisted CAB Polidiagnostico. 5LEX Studio Legale e Tributario and New Deal Advisors advised Lifenet Healthcare. CAB Polidiagnostico has revenues of 0.078 million euros and ebitda of 0.0278 million.
RINA Prime Value Services, a real estate certification company, created London-based RINA Prime Value Services International which acquired 70% of Polish Properties, a Poland’s competitor (see here a previous post by BeBeez). RINA Prime Value Services belongs to even shareholders AxiA.RE and RINA (of which ceo Piercarlo Rolando has 30% and Ugo Giordano 70%).
Hamburger Recycling, a subsidiary of Austria’s packaging and recycling company Prinzhorn, signed for the acquisition of Italian competitor Eurocart from the Olivieri Family (see here a previous post by BeBeez). The vendors received assistance from Corus Corporate Finance and Studio Bellora & Associati. Hamburger Recycling appointed CMS and Baker. Eurocart has sales of 43.2 million euros, an ebitda of 7.2 million and net cash of 7.3 million.
RMK Investments BV will acquire the majority of Italian boats producer Cantieri Capelli from the eponymous family while Umberto Capelli will keep a minority and his ceo role (see here a previous post by BeBeez). RMK Investments belongs to Turkey’s businessman Rahmi M. Koç. DGPA & Co, Matteo Treccani, Pierpaolo Casalegno, Eversheds Sutherland El Heni, and Simonelli e Associati assisted the vendors. RMK appointed KMPG, Esin Attorney Partnership, Baker & McKenzie, and Ferchiou & Associes. Cantieri Capelli has sales of 28.8 million euros (75% export), an ebitda of 4.2 million and net cash of 6.9 million.
Gruppo Star New Generation (SNG of which Star Capital has 70% and the Marzioni Family 30%) acquired 70% of Style Up, a third-parties producer of clothes, from the Riminucci Family (see here a previous post by BeBeez). Deloitte, Studio Giliberti Triscornia e Associati, Studio Russo De Rosa, Studio De Luca & Partners, Pambianco, and ERM carried on the due diligence. Star New Generation retained Studio Giliberti Triscornia e Associati and Essentia Advisory. The Riminucci Family retained Elena Tozzi, Silvia Della Marta, Marco Rossi, and Alessandro Zucchini. Style Up has sales of 8.5 million euros. After such an acquisition, SNG has revenues of 130 million.
Italian search fund Sunrise Capital raised 0.45 million euros (see here a previous post by BeBeez). Carlo Pajusco heads the vehicle that attracted the resources of Vito Giurazza, Jose Cabiedes, Frank Kenny, Madrid JB46, and other investors. Pajusco said to BeBeez that the fund would target Italian b2b software houses and providers of b2b service with an EV of 10 – 50 million. However, the director pointed out that he would also consider other sectors.
Athena Holding, an investment vehicle that Alexander De Luca heads, invested in Drink International (the owner of the brand Regalidea), a company of the Crosetto Family (see here a previous post by BeBeez). Hydra (Volta Family), Leonardo Graffi, Olivier Knapp, and Sergio Gonella coinvested with Athena. Giuseppe, Maurizio and Chiara Crosetto will keep their management roles and a stake of Drink International. Athena Holding received assistance from Ethica Group, BonelliErede and Spada Partners. The Crosetto Family appointed Ducato Consulting, DSP Partners, Gianni&Origoni, and RLVT. Drink International has sales of 35 million euros.
Namirial, an Italian publisher of software for the financial sector that belongs to Ambienta, said it acquired Italian fintech Unimatica from RGI, a portfolio company of CVC Capital Partners (see here a previous post by BeBeez). Klecha & Co. assisted RGI which also signed a partnership with Namirial for the cross-providing of services. Unimatica has sales of 7.3 million euros, an ebitda of minus 0.214 million and equity of 0.565 million.
Neulabs, a platform for the development of direct-to-consumer firms that Mauro Giacobbe founded, acquired German Pentra, the owner of five consumer brands (see here a previous post by BeBeez). Neulabs has debt and equity resources of 20 million euros.
Vesper Infrastructure Partners (VIP fka Vesper Infrastructure Advisory) said it attracted commitments of 300 million euros ahead of a fundraising target of one billion (see here a previous post by BeBeez). Fininvest, Delfin, the Angelini Family and the Aponte Family invested in the fund that retained Linklaters as advisor. VIP will invest tickets of 50 – 150 million through a value-add strategy and for an above 15% expected Irr. Alfredo De Falco, Livio Fenati, Paola Rastelli, Giacomo Rossi, Guillermo Royo-Villanova, and Olaf Nordmeyer created the fund in 2022.
In 2Q23, Milan-listed NB Aurora ported a 320.1 million euros NAV (312.86 million in 1Q23 or 12,74 euros per share) (see here a previous post by BeBeez). The portfolio companies of NB generate aggregate revenues of 2.9 billion and net profits of 9.9 million.
Generali Investments launched Sosteneo, a fund for equity ivnestments in greenfield infrastructure projects for the energy transition (see here a previous post by BeBeez). Umberto Tamburrino, Chris Twomey and Chris Deves are part of the management team. Fivelez acted as legal advisor to Generali and its partners for the creation of Sosteneo. Stefano Caselli will act as ceo of the fund.
The trend of private quity-led delisting of firms from Milan market (see here the Insight View di BeBeez of July 2023 available for the subscribers to BeBeez News Premium and BeBeez Private Data) has not a counterflow of IPOs (see here a previous post by BeBeez). For this reason, the European Investment Fund is going to launch InvestEU ipo Initiative, a pre-booking company programme for the SMEs whose presentation will take place on 28 September, Thursday, in Milan.
