The first edition of Di Luccia & Partners Golf Cup for private equity professionals and the executives of portfolio companies will take place on 19 September, Thursday, at Golf Club Monticello in Via Alessandro Volta, 63 20070 Cassina Rizzardi (Como). BeBeez acts as media partner. Write to golf.cup.2024@diluccia.com for signing up and receive further information about such invitational competion with Stableford formula.
Milan-listed TIM sold its stake in INWIT-Infrastrutture Wireless Italiane, the Milan-listed owner of mobile phones transmission towers (see here a previous post by BeBeez). INWIT manages the towers of TIM and Vodafone in Italy. Prior to this transaction, the target belonged to Daphne 3 (29.9% a vehicle of which Ardian Infrastructure, Crédit Agricole Assurance have 90% and TIM 10%), Central Tower Holding Company (33.2% a company of Vodafone and OAK Consortium). TIM sold its 10% in Daphne 3 to Ardian and Crédit Agricole for 250 million euros. Ardian retained Chiomenti, while TIM received assistance from Gatti Pavesi Bianchi Ludovici.
Paris-listed retailer FNAC Darty and Ruby Investment will launch a public offer on Milan-listed Unieuro between 2 September, Monday, and 25 October, Friday, for delisting the target (see here a previous post by BeBeez). FNAC Darty and Ruby already own 4.4% of the target. Ruby also has 25% of FNAC Darty. VESA Equity Investment, an investment holding of EP Equity Investment (a firm that Daniel Křetínský and Patrik Tkáč head), is the owner of Ruby. The investment vehicle that will launch the public offer will belong to FNAC Darty (51 %) and Ruby Equity Investment (49 %). Buyers will pay 9 euros per share in cash and 0.1 in shares of new issuance of FNAC Darty. Ruby (two-thirds) and FNAC Darty (one-third) will finance the cash component of the bid (75 % of the total). FNAC Darty will issue about 2 million shares (6.6 % of share capital after the transaction) for 25 % of the equity component of the offer.
Amalfi, a platform company for the food sector that Investindustrial created after having delisted La Doria from Milan market, acquired the sauces production unit of US-based frozen pizza maker Richelieu Foods, a firm that belongs to German Freiberger Group, a subsidiary of Frankfurt-listed sugar producer Südzucker Group (see here a previous post by BeBeez). Freiberger acquired Richelieu Foods for 435 million US Dollars from Centerview Capital. Eric Beringause is the head of USA operations for Amalfi.
Fondo Italiano Consolidamento e Crescita (FICC) sold to Azzurra Capital a 70% of Marval, an Italian producer of industrial machinery and components for the heavy duty sector(see here a previous post by BeBeez). Nicola Marchiando, the founder, and the management team will retain a 30% of the company and keep their management roles. FICC acquired Marval in 2018. The target has sales of 160 million euros and an ebitda in the region of 36 million.
