Paris-listed media giant Vivendi is opposing to the sale of Milan-listed TIM‘s infrastructure network to KKR and its co-investors for less than 31 billion euros (see here a previous post by BeBeez). Vivendi owns 23.75% of TIM and appealed against the board’s decision of 5 November, Sunday, that accepted the bid of KKR and Abu Dhabi Investment Authority (ADIA) for an enterprise value of 18.8 -22 billion.
Golden Goose, the Italian luxury sneakers brand that belongs to Permira since 2020, aims to fetch one billion euros through an IPO that would list one third of the equity on the ground of enterprise value in the region of 3 billion (see here a previous post by BeBeez). Bank of America, JP Morgan, Mediobanca, BNP Paribas, Citigroup, and UniCredit are working on the listing. Sources said to BeBeez that Permira retained Lazard and Latham&Watkins.
Novamont attracted the interest of Blackstone, HitecVision and other private equity funds on the ground of a one billion euros enterprise value (see here a previous post by BeBeez). Catia Bastioli is the ceo of B-Corp Novamont, an asset of Versalis, part of Milan-listed ENI.
Energy Infrastructure Partners (EIP) signed an agreement for subscribing to a 700 million euros capital increase of Plenitude, a benefit company of the renewable energy sector that belongs to Milan-listed ENI (see here a previous post by BeBeez). EIP will acquire 9% of Plenitude for a post-money equity value in the region of 8 billion and an enterprise value of above 10 billion. Claudio Descalzi is the ceo of ENI.
Unigrains invested in Italy’s software house Sinfo One (see here a previous post by BeBeez). Sources said to BeBeez that Unigrains has 30% of Sinfo, which belongs to the Pomi Family. The target has sales of 20 million euros, an ebitda of 5.3 million and a net financial debt of 2.4 million.
Gruppo P&P, an Italian industrial company of which Riello Investimenti Partners has 60% since 2022, acquired the majority of Arzuffi PVD, an Italian competitor (see here a previous post by BeBeez). The asset attracted the investment of Anima Alternative and has sales of 10.9 million euros, an ebitda of 2.4 million and net cash of 4.3 million.
Retelit a B2B tmt firm that belongs to Asterion Industrial Partners since October 2021, acquired BT Enìa Telecomunicazioni, an Italian competitor (see here a previous post by BeBeez). BT Enia has sales of 16.7 million euros, an ebitda of 1.8 million and net cash of 0.39 million.
Itago acquired tha majority of Idrostudi, an Italian prvider of digital monitoring for urban sews and water networks, from even owners Luca Falcomer, Davide Russo, Mauro Castellarin, and Christian Marson who reinvested in the company (see here a previous post by BeBeez). Itago retained Adacta Advisory, Adacta Tax & Legal, Pavia & Ansaldo, and ERM. The vendors hired Studio Legale Ponti & Partners. Idrostudi has sales of 5.7 million euros, an ebitda of 1.2 million and net cash of 0.07 million.
ABC Company, a Milan-listed club deal permanent capital investor and benefit company, is mulling to pay 2 million euros for a 44% of Giotto Cellino, an Italian wealth manager (see here a previous post by BeBeez). ABC will subscribe to a 1.74 million capital increase and acquire shares of Giotto Cellino that has assets under management for 200 million and equity of 1.4 million. ABC retained EY Advisory and Pedersoli Gattai. Giotto Cellino hired Studio Alcor.
G.M.P. Group, an Italian producer of automotive components, sold a 51% stake to Eulero Capital, a permanent capital investor, and to Banca Ifis (see here a previous post by BeBeez). Marco Mancin is the company’s ceo and will keep 49% of the firm that appointed Alfredo Altavilla as director. GMP aims to grow through acquisitions. Banco BPM financed the transaction. Eulero Capital retained Roland Berger, Bird & Bird, Deloitte, Pirola, Pennuto, Zei, Ramboll, and Marsh. Mancin hired Chiomenti and Labs CF. Giulio Bonadio assisted GMP which has sales of 41.1 million euros, an ebitda of 5.9 million and net debts of 2 million.
Equinox sold to Apheon a 63% of Salpa&Cherubini (fka Salpa), an Italian food company (see here a previous post by BeBeez). The Cherubini Family and the management reinvested for a 37%, sources said to BeBeez. Crédit Agricole Italia, Banco BPM and Intesa SanPaolo financed the transaction. Crédit Agricole also poured equity in the company through Amundi Private Equity Italia (APEI). Equinox retained CP Advisor and Advant – Nctm. The Cherubini Family retained Sherman&Sterling. Apheon hired Houlihan Lokey, PwC Advisory, Electa, and Gattai, Minoli, Partners. Equinox acquired Salpa&Cherubini in 2021 for an enterprise value of 120 million euros. The company has sales of 60 million, an ebitda of 13.3 million and debt of 21.8 million.
Milan-listed NB Aurora signed a binding agreement for selling 48.4% of Dierre Group, an Italian industrial company to Alto Partners for 108 million euros (see here a previous post by BeBeez). In 2019, NB invested 30.2 million for its stake in Dierre. The company’s chairman Giuseppe Rubbiani and NB Aurora will reinvest for a minority. The fund and Dierre Group hired Lincoln International, Linklaters, PwC, and Studio Pincelli & Associati. Alto Partners retained Goetz Partners, EY Law, Athena Audit, and ERM.
Ital Wood, an Italian packaging company, sold to Italian club deal Findi Investimenti (see here a previous post by BeBeez). Ital Wood retained Gitti and Partners. Verzelli & Partners assisted the buyers. Ital Wood has sales of 7.1 million euros, an ebidta of 1.7 million and net cash of 1.8 million.
Firstance (fka First Advisory), an Italian insurtech that belongs to Nextalia, signed a binding agreement for acquiring Gatsby & White, a platform for the distribution of wealth management insurance products (see here a previous post by BeBeez). Gatsby & White’s founders Juan Lozano, Benno Vegers and Serge Krancenblum and ceo Pieter Coopmans will reinvest in Firstance which retained Chiomenti, Arendt & Medernach, Latham & Watkins, and Deloitte. Gatsby & White received assistance from PwC Luxembourg and Vertumnus.
Fondazione Enpam and ISA-Istituto Atesino di Sviluppo invested in Nextalia, a private capital firm that Francesco Canzonieri founded, through the subscription of a capital increase (see here a previous post by BeBeez). Intesa Sanpaolo, UnipolSai Assicurazioni, Coldiretti, and Micheli Associati invested in Nextalia in 2021.
White Lab, an Italian healthcare testing and inspection platform company that White Bridge Investments created, acquired AgioMetrix, an Italian competitor (see here a previous post by BeBeez). The target’s founders Pierluca Magaldi, Marco Giogoli and Concetta Tumini will keep their management roles. White Lab hired Ethica Group and Dentons. The vendors retained Rossini Advisory. White Lab has sales of above 50 million euros.
Holding Moda (Hmoda), a subsidiary of Holding Industriale (Hind), acquired the majority of Calzaturificio Dema, an Italian producer of mocassins and sneakers (see here a previous post by BeBeez). Gianni & Origoni assisted HModa while Calzaturificio Dema retained LCA Studio Legale. The target has sales of 20.3 million euros, an ebitda of 4 million and net cash in the region of 1 million.
Eusider acquired a controlling stake of German Steel Metal Service Holding, the owner of Italian firms Auctus Project Italy, Profiltubi, OMV-Officine Metallurgiche Ventura, and Auctus Invest ltaly (see here a previous post by BeBeez). German investment company Auctus Capital Partners sold the asset. Profiltubi has sales of 211 million euros, an ebitda of above 44.3 million and net cash of 15.2 million. OMV-Officine Metallurgiche Ventura has sales of above 50 million, an ebitda of 4.7 million and a net financial debt of 6.1 million.
Equita Group acquired 30% of Sensible Capital that will rebrand as Equita Real Estate through the subscription of a capital increase (see here a previous post by BeBeez). Silvia Rovere founded the target in 2020.
Fondo Infrastrutture Sostenibili (FIS), part of F2i, raised 1.563 billion euros, above the 1.5 billion target (see here a previous post by BeBeez). Renato Ravanelli is the ceo of F2i.
