MTW Holding, an Italian producer of metal components for luxury items, said it acquired Gruppo Metalstudio (see here a previous post by BeBeez). In 2022, Deutsche Beteiligungs AG (DBAG) acquired acquired 62% of MTW. Egidio Salvini, the onwer and founder of Gruppo Metalstudio, will be the chairman of MTWH. KON and Galgano assisted the vendors. MTWH and DBAG hired EY, ERM, Aon, and Gattai, Minoli, Partners. Metalstudio has sales of 80 million euros, an ebitda of 15 million and net cash of 6.3 million. Cesare Luzzana is the ceo of MTWH that after such an acquisition will have sales of 165 million.
Ardian Clean Energy Evergreen Fund (ACEEF) raised to 100% its 30% in ICQ holding, the owner of a 109MW portfolio of renewable energy plants and of a 89MW windfarms projects pipeline (see here a previous post by BeBeez). Italian Renewable Resources, a firm that L&B Capital (an investment holding of L&B Partners and L&B Partners Avvocati Associati, which both belong to the Di Terlizzi Family) launched in 2019, sold the stake.
Italian PR firm SEC Newgate, a portfolio company of Investcorp and Three Hills Capital Partners (THCP) that also belongs to Retro Grand Limited (RGL) and ceo Fiorenzo Tagliabue, said it acquired Dutch competitor Wepublic (see here a previous post by BeBeez). Maaike van Hooidonk and Mark van den Anker will join the board of SEC and keep their management roles in Wepublic as well as Maurice Jansen and Gijs Petter. Wepublic has sales of 5 million euros.
B4 Investimenti, a fund that Fabrizio Baroni heads, acquired 65% of Italian food company SaNo Salumi from Gianfranco Castelli and his daughter Chiara that now have 30% (see here a previous post by BeBeez). The target’s ceo Pierluigi Pecchia retained a 5%. Banco BPM financed the transaction. SaNo has sales of 18 million euros, an ebirda of 2.6 million and net cash of 2.8 million.
Flexible Capital, a subsidiary of DeA Capital Alternative Funds, invested 15 million euros for raising from 10% to 18% its stake in Costa Edutainment, an Italian manager of theme parks and cultural sites, on the ground of an equity value of 187.5 million euros (see here a previous post by BeBeez). . Costa Edutainment has sales of 57.1 million, an ebitda of 7.6 million, net debts of 31.8 million, and equity of 6.6 million.
Holding industriale (Hind), an Italian investor in SMEs that Claudio Rovere launched, acquired Manifattura Lendinarese, Taglionetto, Elledi, and Lanificio Arca di Prato (four suppliers of its companies) through Holding Moda (see here a previous post by BeBeez). Giulio Guasco is the ceo of Holding Moda.
Epta, an Italian producer of commercial refridgerators that Marco Nocivelli heads, acquired part of the German competitor Heifo‘s activities (see here a previous post by BeBeez). The target has sales of 25 million euros. Epta retained Clairfield International and Haver & Mailander as advisors. Heifo appointed Ecovis and Schindhelm. The closing of the transaction may take place by the end of 2023 after the approval of German competition authority.
Banca Valsabbina will acquire 9.9% of Italian credit broker NSA through the subscription of a capital increase (see here a previous post by BeBeez). Alma and Archè assisted Banca Valsabbina while NSA retained BonelliErede and KPMG.
Frigomec, an Italian producer of components for the refridgeration systems, signed an agreement for acquiring Lonardi Claudio, an Italian industrial company (see here a previous post by BeBeez). UniCredit financed the transaction and retained Studio Molinari Agostinelli as advisor. Frigomec belongs to Paolo Vignoli (52.23%), Livia Ghiotti (29.36%), Pietro Cattivelli (11.43%), Roberto Ferrarini (6.86%), Andrea Rigo (0.12%). After such an aquisition, the company will generate sales of 62 million euros. Studio Biscozzi Nobili Piazza, STPG and Studio Giarratana – Salin & Partners assisted Frigomec. Lonardi Claudio retained Studio Belluzzo International Partners. .
Bartoli Luca, an Italian industrial painting producer, signed an agreement for acquiring the competitor Farina Verniciatura industriale with the financial support of Banca Popolare di Sondrio (see here a previous post by BeBeez). Studio Muzzioli assisted Farina Verniciatura Industriale which has sales of 2.6 million euros, an ebitda of 0.416 million and debt of 1.4 million. The company previously belonged to Elisabetta Farina (60%) and Gurjeet Singh (40%) while Gianni Farina acted as chairman. Bartoli Luca received assistance from SHC advisor and Studio Emme Consulting. Luca Bartoli (51%) and Linda Lusetti (49%) own the business which has sales of 3.5 million, an ebitda of 0.626 million euro and net cash of 0.561 million.
On 19 September, Tuesday, HWG Sababa Security started its activities (see here a previous post by BeBeez). HWG Sababa is an Italian cybersecurity firm born out of the merger of HWG, a portfolio company of Investcorp Technology Partners, with Sababa Security, a formerly MIlan-listed company.
Gruppo Durst, an Italian provider of solutions for digital printing, said it acquired Aleph, an Italian competitor, from Wise Equity, Alessandro Manes (ceo), Roberto Manes, and Roberto Temperini (see here a previous post by BeBeez). Durst received assistance from Baker Tilly, Lawfed BRSA Studio Legale, and Studio Lobis. Wise Equity and Aleph appointed Proximus M&A Advisory, Deloitte Legal and Spada&Partners. The managers retained Studio V Lex. Aleph has sales of 13.7 million euros, an ebitda of 1.4 million and net cash of 2.8 million
Dominique Senequier, the ceo of Ardian, appointed Nicolò Saidelli as asdvisor for strategy and acquisitions (see here a previous post by BeBeez). Saidelli joined Ardian in 2008 as a director of Milan Buyout team and responsibility of the Italian Investments. Prior to joining Ardian, he spent five years as a partner with L Capital and manager of its Italian office. He previously worked with GE Equity Italia, Salomon Smith Barney, Lehman Brothers, Richemont Group, Canal Plus, and Olivetti Group.
Di Luccia & Partners Executive Search, a head hunting firm for private equity firms, hired Alessandra Merolli as new partner (see here a previous post by BeBeez). Merolli will focus on industrial companies base in the North East of Italy and the portfolio companies of the funds. She previously worked 15 years for McKinsey in Verona, Milan and London, and as Head of Staff for Intesa SanPaolo where she reprted directly to ceo Carlo Messina.
German challenger bank N26 appointed Claudio Bedino as general manager for Italy and the South East of Europe (see here a previous post by BeBeez). Bedino replaced Andrea Isola who became VP of European Markets and Business Operations for N26.
