Berardi, an Italian distributor fasteners and integrated logistics service provider, acquired Italian competitor Fixi (see here a previous post by BeBeez). Pavia e Ansaldo, Orrick Herrington Sutcliffe, PWC, and Spada Partners assisted the buyers. Fixi retained Andersen and Lincoln International. Ashurst advised Oldenburgische Landesbank Aktiengesellschaft, Deutsche Bank, Crédit Agricole Italia, Banca Ifis, and Nova Kreditna Banka Maribor which financed the transaction. Berardi belongs to HIG Capital (84.83% since 2022), Giovanni Berardi (9.38%), Anastasia Berardi (1.86%), Bernardino Berardi (1.86%), and Cesare Berardi (1.86%). The company has sales of 114.9 million euros, an ebitda of 17 million and net debts of 40.6 million. Raffaele Legnani heads the Milan bureau of H.I.G. Capital, the owner of Berardi since 2022.
De Agostini signed a binding agreement for acquiring Content Group, an Italian Contract Development and Manufacturing Organization (CDMO) from Aksìa Group which created the asset in 2020 out of the merger of COC Farmaceutici and Tubilux Pharma (see here a previous post by BeBeez). The vendors received assistance from Houlihan Lokey, Studio Legale Giliberti Triscornia e Associati, LEK, PwC, and Studio Legale e Tributario RDRA. De Agostini retained Gianni&Origoni, OC&C, KPMG, ERM, and Pharma D&S. In 2024, Content expects to generate sales of above 100 million euros.
Nextalia, Retelit (a portfolio company of Asterion Industrial Partners) and TIM tabled their non-binding offers for acquiring the Italian units of BT (see here a previous post by BeBeez). BT Italia has sales of 300 million euros.
Made in Italy Fund, a private equity that Quadrivio and Pambianco launched, acquired French fashion firm Sessùn from Experienced Capital (42.4%) and Emma François-Grasset who will keep her ceo role (see here a previous post by BeBeez). Sessùn has sales of 70 million euros with an ebitda of 10 million. The buyers retained Jeantet and EY. The vendors received assistance from Rothschild & Co and Goodwin Procter
In&Out Holding, an Italian producer of windows accessories of which 21 Invest has 60%, acquired Italian competitor Gruppo Pinto (see here a previous post by BeBeez). Angelo Pinto and Nicola Pinto sold their stakes in the target which retained PwC and Eversheds Sutherland. The buyer received assistance from PedersoliGattai, KPMG, Russo de Rosa Associati, ERM, and Fineurop Soditic. The target has sales of 105 million euros, an ebitda of 12.9 million and a net debt of 11.8 million.
Previero, a portfolio company of Ambienta, acquired Parini, a producer of industrial machinery for plastic recycling (see here a previous post by BeBeez). Giuliano Parini (70%), Maria Hildegard Poetscher (25%) and Fabio Parini (5%) sold their stakes in the target which has sales of 5.6 million euros, an ebitda of 2 million and a financial debt of 1.8 million.
Italian logistic company Bracchi, a portfolio company of Argos Wityu, acquired Italian competitor Mateco, a 30 million euros revenues company (see here a previous post by BeBeez). Umberto Ferretti is the ceo of Bracchi.
Javier Faroni acquired Italian football club A.C. Perugia Calcio from Massimiliano Santopadre (see here a previous post by BeBeez). The buyer retained Chiomenti and PwC.
Sources said to BeBeez that Fondo Italiano d’Investimento’s Fondo Italiano Tecnologia e Crescita II (FITEC II) invested 10 million euros for acquiring a 40% of Intrauma, an Italian producer of orthopaedic devices la percentuale dovrebbe aggirarsi intorno al 40% (see here a previous post by BeBeez). The target belonged to Silvana Vese (58%), Riccardo Maria Del Medico (20.5%), SIm Soluzioni Innovative Medicali (20.5%), and Stefano Del Medico (2.95%). Portolano Cavallo, PwC and Sigma Experience assisted the buyers. Intrauma retained Aritma, Guido Richetti, Mario Balbo, Piermarioli, and Tavarelli.
Lodestar, a platform for supporting the digital transition of Italian companies that belongs to Bravo Capital Partners, acquired ST NEXT and EID through Microsys (see here a previous post by BeBeez). Zerouno Informatica, another subsidiary of Lodestar, raised to 100% its 80% in Fragma Security as Riccardo Fona sold his 20%. BonelliErede assisted the buyer. ST NEXT retained RP Legal & Tax while EID hired Studio Santagostino.
Trinity International Education, the international subsidiary of Italian tour operator Trinity ViaggiStudio acquired St. Andrews College Language Schools, a British provider of summer courses (see here a previous post by BeBeez). Claudia Randazzo founded the buyer that received assistance from Equita Mid Cap Advisory, PKF Smith Cooper, Flint Bishop, and Bidoggia e Associati Studio Legale. Trinity has sales of 22.6 million euros, an ebitda of 3.4 million and net cash of 3.4 million.
On 29 August, Thursday, Milan-listed Italian industrial laser company El.En. repurchased the stake that CITIC Securities Investment, Wenzhou Jin Quan XIn Yuan Investment (a total of 5.58%), Hangzhou Fu Zhe Dao Zheng Equity Investment, and Zhejiang Deep Reform Industry Development (4.98%) acquired in its Chinese subsidiary Penta Laser Zhejiang in 2022 ahead of a listing on Shangai Stock Market (see here a previous post by BeBeez). El.En paid the funds 19.3 million euros (the invested capital plus a 6% annual rate).
Italian dental clinics network Denti e Salute (DeS) acquired the majority of Studi Dentistici dott. Nicola Paoleschi from Nicola Paoleschi (70%) that will keep his management role and Maestrale (30%) (see here a previous post by BeBeez). Denti e Salute received assistance from LegalMente, Studio Fivers, Chiaravalli Reali e Associati. Deloitte Financial Advisory assisted Studi Dentistici Nicola Paoleschi which has sales of 2.5 million euros, an ebitda of 0.6 million and a net debt of 0.02 million. Denti e Salute has revenues of 12.9 million, an ebitda of minus 0.86 million and a net financial debt of 1.8 million. Rosario Bifulco owns 81.88% of DeS.
Danish Renewtech, a vendor of refurbished IT items, acquired Italian competitor SE.CO from Massimiliano Campese that will keep his management role (see here a previous post by BeBeez). Dla Piper assisted the buyer. SE.CO has sales of 3.56 million euros.
Sienna Private Equity attracted commitments of 400 million euros for its fund that targets mid-market assets in France, Italy and Europe (see here a previous post by BeBeez). The firm’s founders Vincent Catherine, Hugo d’Avout and Bastien Roleau reportedly appointed Alessandro Fogo as head of Italy and Andrea Cavallina for leading Milan bureau. Houlihan Lokey advised Sienna for the fundraising. Belgium-listed Groupe Bruxelles Lambert (GBL) acted as anchor investor. Fogo said to BeBeez that the fund also aims to involve Italian investors in the fundraising and that it may close few acquisitions by the end of 2024 ahed of further co-investments worth 100 million.
Milan-listed Eni is considering reorganization options for its subsidiaries Vår Energi, Azule, Plenitude, and Enilive (see here a previous post by BeBeez). The head company appointed the current coo and cfo as Francesco Gattei as Chief Transition & Financial Officer”, the coo Guido Brusco as head of Global Natural Resources and Giuseppe Ricci as head of Industrial Transformation. The directors will report to ceo Claudio Descalzi.
Di Luccia & Partners Executive Search appointed Silvio Fontaneto as senior partner (see here a previous post by BeBeez). Fontaneto previously worked for Korn Ferry, LHH, Kilpatrick, Experis, Oracle, DS Group, HDS, and DHL where he gained an expertise in the sectors of Digital, Innovation and Transformation.
