Blackstone signed a binding agreement for acquiring Italian -French industrial company Sediver from Triton Partners (see here a previous post by BeBeez). Press reports say that the deal is worth above 600 million euros. Lincoln International assisted the vendors while Citi advised Blackstone
HIG Capital signed a definitive agreement for selling Italian IT firm DGS to ICG (Intermediate Capital Group) while the target’s co-founders Vincenzo Fiengo and Salvatore Frosina will reinvest in the business and keep their executive roles (see here a previous post by BeBeez). Press reports say that the transaction is worth 500 million euros and that it’s necessary to refinance the debt facilities that UBI Banca, Banco BPM, Intesa SanPaolo, Deutsche Bank, Muzinich&Co, and Antares AZ provided in 2020. Morgan Stanley, Fineurop Soditic and Eversheds Sutherland advised the vendors. Gianni Origoni & Partners assisted Frosina and Fiengo. ICG retained Barclays Bank, Terzi & Partners and PedersoliGattai.
Bancomat, the Italian network of e-payments and of ATM machines signed the closing for a reported 100 million euros investment that attracted from FSI that now has 42.9% of the business (see here a previous post by BeBeez). The fund also signed a governance pact with the other shareholders Intesa Sanpaolo, Iccrea Banca, Banco BPM, and BPER for reaching 74.7% of the voting rights. Fabrizio Burlando will replace Alessandro Zollo as ceo. Franco Dalla Sega (chairman), Roberto Amisano, Roberto Baggiano, Francesco Bernocchi, Gaetano Carboni, Giuliano Cassinadri, Giacomo D’Amico, Pietro Galbiati, Flavio Gianetti, Stefano Vittorio Kuhn, Marco Tugnolo, and Luca Vanetti are the further board members of Bancomat.
Alcedo, FVS, Friulia, and Clessidra Capital Credit acquired a controlling stake in PA ABS and PA Expertise, two IT companies, from Retelit, an Italian TMT that belongs to Asterion Industrial Partners and Marguerite (see here a previous post by BeBeez). Mariano Thiella (ceo of PA ABS) and Fabio Scagliarini (ceo of PA Expertise) acquired a 10% of PA Group and received assistance from Osborne Clarke and RNJ Capital. Banco BPM and Clessidra Capital Credit (equity investor and mezzanine lender) financed the transaction. After such an acquisition, Alcedo invested 70% of its 180 million euros resources. ADVANT Nctm and PwC assisted the buyers. Clessidra retaine Simmons&Simmons while Banco BPM hired Dentons. PA ABS has a turnover of 33 million, an ebitda of 3.5 million and net cash of 0.409 million. PA Expertise’s sales are in the region of 19 million, an ebitda of 5.1 million and net cash of 0.364 million.
Castello, a financial firm of Anima Holding (80%) and Oaktree Global Management (20%), said it acquired a portfolio of photovoltaic plants with a power of 12 MWp (see here a previous post by BeBeez). Banco BPM and BPER Banca financed the transaction. Green Horse Legal Advisory assisted Castello. DLA Piper, Kiwa, Marsh and BDO advised the lenders. Giampiero Schiavo is the ceo of Castello
Matteo Mastrotto, the ceo of Italian sustainable fashion firm Rino Mastrotto, said that the company aims to carry on further acquisitions (see here a previous post by BeBeez). NB Renaissance Partners (part of Neuberger Berman) has 70% of Rino Mastrotto which has sales of 361.5 million euros, an ebitda of 56.7 million and a net financial debt ot 139.5 million.
WindTre, an Italian TMT that belongs to CK Hutchison Holdings, received the authorization from the Italian Antitrust for acquiring OpNet (fka Linkem) from Jefferies Financial Group (see here a previous post by BeBeez).
On 10 June, Monday, Mosaiq Group, a packaging firm that Arca Space Capital and Space Capital Advisors created in May 2024, received the authorization to operate from the Italian antitrust authority (see here a previous post by BeBeez).
Riello Investimenti launched Linfa, an impact fund for the AgriFoodTech sector with resources of 45 million euros ahead of a 100 target that already attracted the resources of the European Investment Fund (see here a previous post by BeBeez). Linfa will target the minorities of late stage or growth Italian companies and allocated 20% of its resources for European deals.
PureLabs, an Italian pole for the diagnostic sectot that Nino Lo Iacono founded, acquired the majority of Centro Sa.Na. from Salvatore Napoli, that whill reinvest in the company for a 10% (see here a previous post by BeBeez). Centro Sa.Na. has sales of 8.9 million euros, an ebitda of 0.9 million while PureLabs will have a 20 million turnover after such a deal. Dentons, Minerva Corporate Finance and Epyon Consulting assisted the buyers. Centro Sa.Na. retained Pietrosanti, Merger Advisors Stp and Studio Quaranta.
Milan-listed INWIT-Infrastrutture Wireless Italiane, a TMT towers company of which Ardian Infrastructure, Crédit Agricole Assurance and Canson Capital have a 27%, signed a binding agreement with Boldyn Networks Italia for a call option on 51% of Boldyn Networks Smart City Roma, thefirm that has the concession for Roma 5G project (see here a previous post by BeBeez). Boldyn Networks (fka BAI Communications) belongs to CPP Investments since 2009, when Macquarie Communications Infrastructure Group sold the asset. Antonino Ruggiero heads Boldyn Networks Italia.
Fondo italiano d’investimento (FII) set a fundraising target of 600 million euros for FOF PEI Tre (see here a previous post by BeBeez). The fundraising is part of the Assofondipensione and CDP‘s programme Progetto Economia Reale. FOF PEI III will act as anchor investor for private equity funds that target Italian SMEs.
Pictet Asset Management is working on the launch of Private Assets Sicav – Environment Co-Investment Fund, an ELTIF available for retail investors that may pour tickets of at least 10,000 euros (see here a previous post by BeBeez). The Fund’s strategy targets the most compelling investment opportunities across five fast growing segments: greenhouse gas reduction; sustainable consumer; pollution control; the circular economy; and enabling technology. It will follow a co-investment approach, taking minority positions alongside high-quality PE firms globally.
Hoop Capital, an independent investment boutique that Antongiulio Marti and Armando Strofaldi founded in 2020, launched Hoop Club, a club deal platform that will target listed Italian companies with a market capitalization of 300 million euros that aim to implement a sustainable growth and development strategy (see here a previous post by BeBeez). The platform already attracted the resources of Sandro Veronesi, Alberto Previtali, Anna Maria Bruno, Giorgio Zaffaroni, Marco Busca, Luca Vitiello, Antonio Porsia, Giovanni Favero, and Vittorio Giovetti. Patrizio Mapelli, Francesco Profumo and Vittorio Terzi are part of the investment commitee of Hoop Club that will implemant an AIPE (Activist Investments in Public Equity) strategy.
