EI Towers, a company of F2i (60%) and Media For Europe (MFE – 40%) could delay its 2 billion euros worth merger with RaiWay, the broadcast infrastructure unit of Italian media network Rai which has yet to appoint four board members (see here a previous post by BeBeez). The current directors could remain in charge until 12 September, Thursday.
Italian food company Lavazza received the authorization from Consob, the Italian stock market authority, for launching its public offer on Milan-listed vending machines firm Ivs Group ahead of taking the firm private (see here a previous post by BeBeez). On 6 September, Friday, the bidder will release an investors prospectus while the offer period will last between 9 – 27 September, Monday and Friday. Lavazza previously received the Banca d’Italia authorization for its offer on 28,36% of IVSG. The transaction is worth in the region of 185 million.
Omnia Technologies (fka DT Holding), a platform company for the packaging sector of Investindustrial, is working on the issuance of a 400-500 million euros bond in late September ahead of an exit (see here a previous post by BeBeez). Intesa Sanpaolo, Barclays and JPMorgan are working on the transaction that would allow Omnia Technologies to raise further resources for buys. Investindustrial is reportedly working on selling the asset in 2025 on the ground of an enterprise value of 1.5 billion.
Events.com said it signed for a business combination with NYSE Spac Concord Acquisition Corp II (CNDA) ahead of a listing (see here a previous post by BeBeez). Paolo Privitera is an executive of Events.com. Atlas Merchant Capital launched CNDA and raised 280 million US Dollars in 2021. However, CNDA announced the business combination too late and the NYSE authoirty said it would delist the stock. CNDA will request a review of such a decision of NYSE and that it will seek to list its securities on the OTC markets for as long as the listing suspension lasts. Events.com will carry on a business combination on the ground of a pre-money value of 314 million, a pro-forma EV of 399 million and an expected initial market capitalisation of 434 million.
US StatLab Medical Products could complete by 3Q24 the acquisition of Italian competitor Diapath (see here a previous post by BeBeez). Vladimiro Bergamini and Alberto Battistel, the target’s founder and coo will act as senior consultant and executive director for StatLab. Diapath has sales of 28.5 million euros, an ebitda of 5 million and net debts of 6.1 million. Sung-Dae Hong is the ceo of StatLab.
Sipral Padana, an Italian producer of ingredients for sweets that belongs to Bravo Capital Partners (BCP) since 2022, acquired Casa della Mandorla from the Lazzari Family that reinvested in the buyer (see here a previous post by BeBeez). Sources said to BeBeez that Alberto Lazzari and Simonetta Lazzari now have 1.11% and 0.47% of Sipral while BCP narrowed its 75.56% stake in the business to 69.25%. Further shareholders of Sipral are Gianpietro Corbari (ceo – 11.84%) and Gica Trade (8.72%). Casa della Mandorla received assistance from Advant NCTM, Epyon, Becap and Studio Notarile Pantè. The Lazzari Family retainet EOS & Partners. Banco BPM financed the transaction with a Sustainable Linked Loan based on KPI ESG targets and received assistance from VGN Lex. Casa della Mandorla has sales of 5.7 million euros, an ebitda of in the region of 0.93 million and net debts of 1 million.
On 1 September, Sunday, ReLife Recycling, a company that belongs to F2i and Xenon Private Equity, concluded the acquisition of Fratelli Longo Industriale, an Italian waste management company (see here a previous post by BeBeez). The target has sales in the region of 6 million euros.
Italian furniture group Gruppo Salice, a company that belongs to Cobepa since June 2022, acquired Italian competitor Atim from Stefano Del Prete (ceo – 76%) and Giorgia Del Prete (24%) (see here a previous post by BeBeez). The target has sales fo 6.7 million euros, an ebitda 0.945 million and net cash of 0.42 million. Gruppo Salice has sales of 202 million euros, an ebitda of 37.5 million and net cash of 33.7 million.
Biop Green Gas, a subsidiary of Austrian Biogest which Eiffell Investments acquired in 2022, acquired the majority of Biometano Energy, the owner of a biomethan energy plant (see here a previous post by BeBeez). Biop Green Gas received assistance from Elli Falsoni.
Olon, an Italian chemical pharmaceutical that belongs to P&R Principi Attivi, acquired HuvePharma Italia, a subsidiary of Bulgaria’s Huvepharma Eood, and its plant in Garessio, that belonged to Sanofi until 2016 (see here a previous post by BeBeez). White & Case assisted the vendor. Olon has sales of 47.5 million euros, an ebitda in the region of 8 million and debts of 41 million.
Greenvolt Group sold to Nuveen Infrastructure a portfolio of Italian photovoltaic plants with a total power of 153 MW worth 18.7 million euros (see here a previous post by BeBeez).
Probios, a healthy nutrition company that belongs to Agreen Capital since 2023, acquired a 30% of B.M.S., an Italian competitor (see here a previous post by BeBeez). The buyer acquired such a stake from Cinzia Petrini (previously 49%) and Enrico Tinelli (51%) who will keep the target’s majority and his operative role. Probios received assistance from Agreen Capital, Epyon Consulting and Avvocatidimpresa. B.M.S. has sales of 6.5 million euros, an ebitda of 0.267 million and a net debt of 1.2 million.
Progetto CMR International, part of Gruppo Progetto CMR, acquired 28% of Stain Engineering and signed a call option to raise such a stake to 51% (see here a previous post by BeBeez). CMR also signed a partnership with Stain’s owners Antonio Danesi (previously 57%) and Alessandro Stefani (15%) that will keep their executive roles of Stain which has sales of 2 million euros, an ebitda of 0.24 million and a financial debt of 0.278 million.
Thommen Group, a Swiss company active in the recycling of ferrous and non-ferrous metals, acquired a controlling stake in Italian competitor Rizzinox from the ceo Giuseppe Rizzi (70%), Maria Luisa Rizzi (20%) and Bartolomeo Rizzi (5%) (see here a previous post by BeBeez). Thommen Group retained Giovannelli e Associati while Gitti and Partners and Banca Mediolanum assisted the vendors. Rizzinox has sales of 43.5 million euros, an ebitda of 5.7 million and a net financial debt of 2.3 million
Total Specific Solutions (TSS), an International provider of IT solutions that belongs to Canada-listed Topicus.com Inc., acquired Primeur Italy, a data integrator, from Primeur Suisse (see here a previous post by BeBeez). The target has sales in the region of 14 million euros, an ebitda of 4.6 million and net cash of 1.9 million. Stefano Musso is the managing director of Primeur.
LMDV Capital, the family office of Leonardo Maria Del Vecchio that already invested 250 million euros in 18 months, aims to focus on the pharmaceutical sector, ceo Marco Talarico said (see here a previous post by BeBeez).
On 6 September, Friday, Fondo Italiano d’Investimento said that its private equity vehicle Fondo Italiano Consolidamento e Crescita II (FICC II) reached closing of 400 million euros and that further undisclosed investors poured their resources (see here a previous post by BeBeez). FICC reportedly attracted the money of CDP Equity, Fondazione ENPAM, UniCredit, Intesa Sanpaolo, and Inarcassa. Sources said to BeBeez that two Italian banks, two Italian wealth managers, an Italian pension fund, an Emilia Romagna banking foundation, and a French bank poured resources in FICC, a fund that Gianpaolo Di Dio, Aldo Di Bernardo and Marzia Bartolomei Corsi head. The sources added that FICC aims to raise more than 500 million in the next 6-9 months.
