Italian sneakers producer Golden Goose Group, a portfolio company of Permira and Carlyle, is working on the launch of a one billion euros worth IPO for institutional investors on Milan market for a public traded equity of 25% (see here a previous post by BeBeez). The company called off the reported plans for a listing on NYSE. The owners of Golden Goose will list the asset on the ground of an enterprise value in the region of 3 billion through the launch of an initial capital increase of 100 million. The funds granted BOFA Securities Europe, JP Morgan SE, Mediobanca, and UBS Europe with a greenshoe option. Some of the managers signed lock-up agreements of 180 – 360 days. The company will invest the proceeds of the IPO, its cash resources and 460 million credit lines for repaing its outstanding 480 million senior floating rate bonds maturing in 2027 and other financial liabilities.
Triton Capital sold Italian packaging producer Bormioli Pharma to Frankfurt-listed competitor Gerresheimer on the ground of an enterprise value of 800 million euros (see here a previous post by BeBeez). UniCredit, Commerzbank and LBBW financed the transaction.
Maticmind, an Italian IT company that belongs to CVC Capital Partners and CDP Equity, acquired the majority of ENG, a developer of AI software (see here a previous post by BeBeez). ENG’s chairman Enrico Guidotti, ceo Angelo Dionisi and cto Mirko Pasqualetti will keep their management roles and a minority of the business. ENG retained KPMG Corporate Finance, FC Advisory, Legance, and EY. Maticmind hired McKinsey & Company, EY, FRM, and PedersoliGattai. Carmine Saladino and Luciano Zamuner are the chairman and ceo of Maticmind which aimd to generate sales of 800 million euro by 2025. Maticmind also acquired 55% of Recrytera, a provider of digital solutions for public exams (see here a previous post by BeBeez). The target’s minority owners are Adriano Valente and Bruno Del Carmine. Deloitte Financial Advisory and Grimaldi Alliance assisted the vendors, while Maticmind retained PedersoliGattai, Kearney, EY and FRM. Recrytera has sales of 35.1 million, an ebitda of 9.3 million and net cash of above 0.66 million.
French ProductLife Group (PLG), a provider of services for the pharma sector of which 21 Invest France had 75%, attracted an investment of Oakley Capital for a 45% stake on the ground of a 500 million euros enterprise value while the ceo Xavier Duburcq and the managers kept 10% (see here a previous post by BeBeez). A continuation fund (its main investors are Eurazeo, Hayfin, Vintage Strategies at Goldman Sachs Alternatives, CA Indosuez Wealth Management, Arcano, and other firms) invested 200 million for supporting 21 Invest France that now will own 45% of PLG which has sales of 167 million.
The Italian antitrust authority authorised Ignazio Messina & C. (51% Gruppo Messina and 49% MSC-Mediterranean Shipping Company) to acquire Terminal San Giorgio di Genova from Gruppo Autosped G, a company of the Gavio Family (see here a previous post by BeBeez). However, Gruppo Messina and Marinvest must change in 15 days their governance agreement, stick by customer non-discrimination obligations and provide the guarantees of access to terminal services for rolling stock provided to Grimaldi Group‘s subsidiaries Grimaldi Deep Sea and Grimaldi Euromed.
Italian producer of specs components iVision tech acquired 51% of Teknoema, an Italian EMS (Electronics Manufacturing Services) maker (see here a previous post by BeBeez). The transaction is worth 1.02 million euros. Pietro Nesci, ceo, will keep 39.2% of the target, while Barbara Montanari will have 9.8%. Stefano Fulchir is the ceo of iVision Tech.
Belgium’s food company Vandemoortele acquired Italian competitor Dolciaria Acquaviva from 70.52% owner Apheon (fka Ergon Capital Partners) and the Acquaviva Family (see here a previous post by BeBeez). Pierluigi Acquaviva will keep his chairman role. Vandemoortele retained Oppenheimer, Rabobank, DSP Corporate Advisory, Baker McKenzie, Deloitte, and PwC. Houlihan Lokey, PwC, GOP, Legance, RDRA, OC&C, and Vitale assisted Dolciaria Acquaviva, Apheon Capital and Pierluigi Acquaviva. The target has sales of 96 million euros, an ebitda of 13 million a net financial debt of 59.1 million, and equity 132.2 million.
Xenon Private Equity acquired 60% of Miorelli Service, an Italian soft facility management of which the Miorelli Family kept a 40% Alessio Miorelli kept his role as ceo (see here a previous post by BeBeez). Oldenburgische Landesbank Aktiengesellschaft, Banca Mps, Bnl-Bnp Paribas, and Muzinich financed the transaction. Xenon retained Pavia e Ansaldo, Deloitte, PwC, Bain & Co, and Fineurop Soditic. The Miorelli Family received assistance from UBS and A&O Shearman. Ashurst advised the lenders. Miorelli has sales of 100 million euros.
Argos Wityu rebranded as Fulgard the group of work safety companies that includes fka Sicura, Evimed, Protec, Studio Sanitas, CMA Sistemi Antincendio, Panathleticon, Igeam, and CDS Diagnostica Strumentale (see here a previous post by BeBeez). Paolo Scaroni is the ceo of Sicura, a company that Argos WItyu acquired in 2020.
Gradiente acquired 70% of Cromoplastica CMC, a company operating in the sector of decorative finishes, through galvanic treatments, for the fields of cosmetics and perfumery, household appliances, luxury plumbing, and interior design (see here a previous post by BeBeez). The vendors Marco Loda and Flavio Giovanni Loda reinvested for a 30% of the business. Cassa Centrale Banca – Credito Cooperativo Italiano and Banca di Credito Cooperativo di Brescia financed the transaction and received assistance from Eversheds Sutherland. Gradiente retained Advant Nctm. The vendors hired BIF studio legale.
ltalian fashion retailer Dan John‘s ceo Daniele Raccah said that the company is mulling for selling a stake to a private equity (see here a previous post by BeBeez). Giovanni Della Rocca owns 15% of the business, while Tiffany Hannah Raccah has 85%. Dan John has sales of 106.5 million euros.
The Tura Family acquired the whole of Italian matrasses producer Dorelan from the Bergamaschi Family (see here a previous post by BeBeez). Riccardo Tura and Luca Tura will act as the company’s ceos. Intesa San Paolo financed the transaction. Dorelan retained Tintinelli & Co., Studio Pinza, Studio Antonelli, and Studio Maltoni Scozzoli. Dorelan has sales of 105.1 million euros, an ebitda of 10.9 million and equity of 72 million.
Mediobanca Private Banking will allow its High Net Worth and Ultra-High-Net-Worth clients to carry on co-investments with KKR (see here a previous post by BeBeez). The Italian bank’s clients will have the possibility to invest in K-PRIME Feeder-I a product more liquid than traditional private capital funds as it allows to withdraw up to 5% of the NAV quarterly.
Antilia Capital Partners launched A-IPO Fund, a vehicle for investing in Italian pre-ipo, ipo and post-ipo deals (see here a previous post by BeBeez). Banca Valsabbina, 4% owner of Antilia, will handle the distribution of the product. A-IPO will invest up to 20% of its resource in pre-ipo deals and will target companies that have been listed for less than three years and a market capitalization below 300 million euros.
Search Capital Partners (SCP), an investment holding that Giacomo Andreoli and Luciano Avanzini created, aims for a leading role as investor in Italian and European search funds (see here a previous post by BeBeez). Gitti and Partners advised Search Capital Partners which is born out of a partnership between Sovereign Capital Advisory and DGPA&Co, a financial firm that Maurizio Dallocchio and Avanzini created. Andreoli said to BeBeez that SCP aims to invest in 25-30 search funds in Italy, France, Spain, Germany, and The UK. The target funds may invest in companies with an ebitda of 1.5 – 5 million.
