Milan-listed lixury fashion firm TOD’S said that private equity L-Catterton acquired 4.15% of the company ahead of launching a reported delisting offer at 43 euros per share (see here a previous post by BeBeez). After the delisting, the current majority owners will have 54% of TOD’s. The fund already reached an agreement with Diego Della Valle, the current 50.29% owner of the target with voting rights in the region of 58%, for acquiring a further 36% of TOD’S worth 512.3 million euros (1.4 billion equity value). Andrea Della Valle owns 0.81% of the business (0.93% voting rights) while Bernard Arnault has 10% (11.46%). After the delisting, the current majority shareholders will own 54% of TOD’S.
Italian industrial company Officine Maccaferri, an industrial company in receivership that belongs to Global Credit di Carlyle, Stellex Capital Management and Man Group, sold a majority stake to Ambienta (see here a previous post by BeBeez). Sources said to BeBeez that the enterprise value is of above 500 million euros. The closing could take place in 2Q24.
WindTre, the Italian TMT company that belongs to Hong Kong – listed conglomerate CK Hutchison, called off the talks for selling 60% of its mobile phones network to EQT (see here a previous post by BeBeez). The enterprise value of the asset amounts to 3.4 billion euros. Wind and EQT could not reach an agreement over the partnership that the company signed with Fastweb and iliad.
Algebris Investments‘ vehicle Algebris Green Transition Fund acquired 55% of Datek22 and created Aquanexa, an operator of water supply infrastructures (see here a previous post by BeBeez). David D’Ambrosio, the target’s founder, will keep his role as ceo and a 45% of the business. Algebris Green Transition Fund retained Grimaldi Alliance, New Deal Advisors, Chiaravalli Reali e Associati, and EY. Datek22 has sales of 4.9 million euros, an ebitda of one million and a net financial debt of 1.2 million.
Italian coffee brand Illycaffè aims to list by 2026, ceo Cristina Scocchia said (see here a previous post by BeBeez). The company belongs to Gruppo Illy (80%) and Rhône Capital which acquired a 20% in 2020. Illycaffè has sales of 567.7 million euros, an adjusted ebitda of 78.2 million, net profits of 14.2 million, and a net financial debt of 154.3 million.
Alto Partners paid 108.5 million euros for acquiring 48.4% of Dierre Group, an Italian producer of components for industrial automation, from Milan-listed NB Aurora sa Sicaf-Raif, a permanent capital vehicle, and the company’s chairman Giuseppe Rubbiani who reinvested in the target with the managers (see here a previous post by BeBeez). NB Aurora and Dierre Group received assistance from Lincoln International, Linklaters, PwC, and Studio Pincelli & Associati. Alto Partners hired Goetz Partners, EY Law, Athena Audit, and ERM.The majority of Dierre belongs to Rubbiani (49.93%) and his family. Dierre Group has sales in the region of 62 million euros, an ebitda of 12.15 million and a net debt of 1.4 million.
Repower Italia, and Italian energy company, raised its stake in Erreci, a developer of photovoltaic plants, from 30% to 70% as Alessandro Rosanna, Roberto Rosanna (co-ceo) and Andrea Dieci will keep a 10% each as well as their operative roles (see here a previous post by BeBeez). Fabio Bocchiola is Erreci co-ceo while Luca Poggiali of Repower joined the company’s board. Repower Italia has sales of 3.2 billion euros. Erreci has revenues of 28.1 million, an ebitda of 1.2 million and a net debt in the region of 1 million.
Fedegroup, a provider of catering services in outsourcing that belongs to Industry 4.0 (part of Quadrivio Group), acquired the majority of green eating format Artisti del Vegetariano, an Italian restaurant chain (see here a previous post by BeBeez). Mirko Sanna is the managing director of Fedegroup which has sales of 55.8 million euros, an ebitda of 0.7925 million and a net debt in the region of 13.5 million.
Eusider, the steel company that belongs to the Anghileri Family, acquired from Auctus Capital Partners Italian competitors Profiltubi and OMV-Officine Metallurgiche Ventura (see here a previous post by BeBeez). CDP, Crédit Agricole, Banco BPM, BPER, and Simest financed the transaction, Eusider chairman Roberto Vitali said. The buyers hired Kon Group, L&B Partners Avvocati Associati, Deloitte, RAI & Partners, and Zoppellari Gollini & Associati. Auctus Capital Partners retained ADVANT Nctm. Eusider has sales of 1.2 billion euros, an ebitda in the region of 126 million and a net financial debt of 101 million. Profiltubi has revenues of 211 million with an ebitda above 44.3 million and net cahs of 15.2 million. OMV-Officine Metallurgiche Ventura has a turnover of 50 million with an ebitda of 4.7 million and a net financial debt of 6.1 million.
HAT, a financial investor that belongs to Nino Attanasio (chairman) and Ignazio Castiglioni (ceo), said it reached the first closing for HAT Technology Fund 5 (see here a previous post by BeBeez). Sources said to BeBeez that the fund raised 70 million euros ahead of a final target of 200 million. Once raised such resources, HAT’s aum will amount to 600 million.
