On 28 – 30 October, Monday – Wednesday, Milan’s Palazzo Mezzanotte will host Zero One Hundred Conference, a leadinf event for the venture capital and private equity sectors for which BeBeez will act as media partner (see here a previous post by BeBeez).
Milan-listed Eni‘s subsidiary Enilive, a provider of smart mobility services and biomethane, is close to selling a 20-25% stake to Kohlberg Kravis Roberts (KKR) and attracted the interest of Stonepeak for a further 10% (see here a previous post by BeBeez). The asset’s enterprise value amounts to 11.5 – 12.5 billion euros. Therefore the transactions may be worth 2.3 – 3.21 billion, according to BeBeez data.
Gruppo San Donato, an Italian provider of healthcare services that belongs to the Rotelli Family that reportedly hired Morgan Stanley for selling a stake to a financial investor, attracted the non-binding offers of Advent International and CVC Capital Partners (see here a previous post by BeBeez). CVC would buy a 40% of the target while Advent aims to buy a majority stake of Gruppo San Donato which has sales of 1.8 billion euros, an ebitda of 270.5 million and a net financial debt of 976.5 million.
Remo Ruffini, the ceo of Milan-listed fashion firm Moncler, sold to Lvmh a 10% of Double R, the vehicle through which he owns 15.808% of the company (see here a previous post by BeBeez). Double R aims to buy a further 2.7% and achieve 18.5% while LVMH aims to hold 22% of the vehicle. Blackrock has above 5% of Moncler and could become the third company’s shareholder if it signed a syndicate with Morgan Stanley Investment Management Company (11.455%) and Morgan Stanley Investment Management Inc (7.492%). Ruffini retained Gatti Pavesi Bianchi Ludovici and Cornelli Gabelli e Associati. Lvmh hired Bonelli Erede
Axius Water, a provider of water treatment solutions that belongs to KKR and XPV Waters, acquired MITA Water Technologies (MITA WT) from MITA Group, a competitor that belongs to Alessandro Fontana (52%), Giuliana Consigli (43%) and Tommaso Fontana (5%) (see here a previous post by BeBeez). MITA has sales of 10.7 million euros, an ebitda of 2 million and net cash of 0.22 million.
Italian special papers producer Fedrigoni called off the sale of its subsidiary Fabriano for which it hired Stifel Financial (see here a previous post by BeBeez). Fedrigoni has a net financial debt of 1.316 billion euros.
Neverhack, a French cybersecurity firm that belongs to Carlyle Europe Technology Partners (CETP), said it acquired Innovery from Wise Equity which retained Klecha & Co., Simmons & Simmons, EY, and Studio Spada (see here a previous post by BeBeez). Wise acquired 69% of the target in 2019 from the ceo Gianvittorio Abate. Innovery has sales of 51.5 million euros, an ebitda of 4.3 million and a net financial debt of 8.5 million.
NYSE-listed industrial company Graco acquired Italian competitor Corob for 230 million euros, sources said to BeBeez (see here a previous post by BeBeez). Ardian sold the majority stake in the target that acquired in 2018.
B4 Investimenti, a fund that Fabrizio Baroni heads, acquired the majority of Gruppo Ferper through a growth capital deal in partnership with the founder Fernando Perillo (see here a previous post by BeBeez). Enrico Pilat will join the company as ceo. Banco BPM financed the transaction and received assistance from Studio Legale Greco, Vitali e Associati. The vendors retained LABS, Deloitte, Valla, Morrison & Schachne, Studio Cerina, and LTA US Advisors. B4 Investimenti received assistance from Gianni&Origoni, PwC, Gusmitta & Associati, and Basham, Ringe y Correa. Ferper has sales of 7.5 million euros, an ebitda of 1.4 million and a net financial debt of 6 million.
Flaviano Margiotta, the ceo of Automotive Suisse, part of Intergea, said that the company signed an agreement for acquiring a Swiss car dealership from the Bernasconi Family that sells Hyundai vehicles (see here a previous post by BeBeez). Intergea has sales of above 1 billion euros.
Novastone Capital Advisors (NCA), the Swiss manager of the programme Entrepreneurship Through Acquisition (ETA), acquired Mecavit, a producer of screws, with the ceo Nicoletta Nutrito and fashion showroom Marcona 3, a company that Piero Tordini created in 2001 (see here a previous post by BeBeez). NCA and Paolo Ciarlariello received assistance from Baldi & Partners, Grant Thornton Financial Advisory Services, Equity Factory, and the lenders Banca Progetto and Exvi. Tordini retained CF&S Advisors, Target Law, Studio Legale Formica, and Studio Santini Commercialisti Associati. Marcona has sales of 4.3 million euros, an ebitda of 1.6 million and net cash of 2.7 million.
Gradiente acquired 70% of Bamboom, an Italian producer of bamboo-made infant clothes while the founders Pascalle De Jongh and Riccardo Di Crescenzo kept a 30% (see here a previous post by BeBeez). SAT Studio Legale, Monitor Deloitte, PwC, Russo De Rosa Associati, and Ramboll assisted Gradiente. The vendors retained Deloitte Financial Advisory and Deloitte Legal. Bamboom has sales of 9.2 million euros, an ebitda of 2 million and net cash of 0.9 million.
Argos Surface Technologies, a platform company that Gradiente created in 2020, acquired GM Cataforesi and rebranded it as Argos GM Cataforesi (see here a previous post by BeBeez). Mario Pinca, Giuliano Polacchini, Claudia Pini, and Paola Sedazzari (a total of 72%), Camilla Rozzi (18%) and Matteo Caneva (10%) sold the target which has sales of 8.4 million euros, an ebitda of 1.5 million and net cash in the region of 0.6 million.
Milano Capital, a club deal platform that Gabriele Bavagnoli and Gianluca Longhi head, and a pool of investors acquired a controlling stake of Studitalia (fka Mazzolini e Partners), a provider of accounting services that Dario Mazzolini and Cristiano Verazzi created (see here a previous post by BeBeez). The buyers invested 26 million euros in the deal ahead of implementing a buy and build strategy. Sources said to BeBeez that Milano Capital and its partners will have 80% of the target while Mazzolini and Verazzi have 20%. Milano Capital received assistance from Bird&Bird, Deloitte, Brandfanatic and Key2People. MPO supported Studitalia.
UR-Invest, a club deal platform, acquired Sitep, a provider of automation solutions for the food sector, from Vinicio Colombari who reinvested for a 22.6% of the target, sources said to BeBeez (see here a previous post by BeBeez). Fabio Marenco is the new target’s ceo and will join Francesco Della Valentina and Valerio Casari for the company’s board. Pirola Pennuto Zei & Associati assisted Ur-Invest. Colombari retained La Scala Società tra Avvocati and SRI Group Global. Sitep has sales of 3.1 million euros, an ebitda of 1.2 million and debts of 1.3 million.
Kyip Capital (fka Kyma Investment Partners) raised more than 30 million euros for Article 9 SFDR Kyip Impact Mission (KIM) ahead of a 60 million target (see here a previous post by BeBeez). KIM attracted the resources of Fondo Italiano d’ Investimento and family offices. The fund’s median equity investment ticket amounts to 3 – 7 million while targets have revenues of 5 – 50 million. Eugenio Conforti heads KIM. Luciano Hassan is the chairman of Kyip Capital.
Al Mada acquired Nutkao, an Italian food company, from White Bridge Investments with a 450 million euros worth deal (see here a previous post by BeBeez). The asset reportedly attracted the interest of Baronie, Kruger, Andros, Natra, Caffarel – Lindt, Towerbrook, Bain Capital, Capvis, Rhone Capital, and BCPartners.
Tedom, a Czech cogeneration company that belongs to JET Investments, acquired Intergen, an Italian competitor from the Keller Family (see here a previous post by BeBeez). Intergen retained CDI Global Italy, Dla Piper and Trotter. Tedom received assistance from Drv Legal. Alberto Guidotti is the ceo of Intergen has sales of 30.7 million euros, an ebitda of 1.6 million and net cash of 2.7 million.
Gruppo Buffetti, a provider of office services that belongs to Dylog Italia, acquired a stake in Ap.esse (see here a previous post by BeBeez). Dylog retained ApicAll and Ipg Lex&Tax. The buyer has sales in the region of 300 million euros.
