Xenon Fidec (Fondo Italiano per la Decarbonizzazione e l’Economia Circolare) acquired NPC Impianti, an Italian provider of water cleansing solutions from Reginaldo Porcaro (who will keep his executive role) and Ezio Nolato (see here a previous post by BeBeez). Rossini Advisory, Studio Piraccini and Pinza assisted the vendors. Xenon retained LCA, Goetz&Partners and Epyon. NPC has sales of 4.4 million euros, an ebitda of one million and debts of 1.6 million. Xenon will integrate the target with Sostelia that after such a deal will generate sales of 100 million with an ebitda of 20 million.
Wide Group, an Italian insurance broker that belongs to Pollen Street, acquired Anthea, an Italian competitor (see here a previous post by BeBeez). The company previously belonged to ceo Flavio Marelli (37.42%), Nicola Ronconi (16.86%), Massimiliano Piombo (9.47%), Anna Galbusera (8.47%), Pierpaolo Dal Cortivo (8.11%), and further minority shareholders with below 5% stakes. Anthea has a turnover of 5.9 million euros, an ebitda of 0.72 million and a net financial debt of 0.9 million.
Sources said to BeBeez that Continental Investment Partners (CIP), a Swiss private equity and real estate club deal platform that Carlo Sgarbi and Marco Fumagalli created, acquired 80% of Italian medical devices producer and distributor RanD without leveraging the target (see here a previous post by BeBeez). RanD previously belonged to Gianni Bellini (58.71%), Corrado Bellini (18.5%), Cristiana Bellini (5%), Mirco Borra (9.25%), Eugenio Morsiani (3%), Daniela Molinari (1%), and the firm itself (4.54%). CIP retained Adacta Advisor and BLF Studio Legale. RanD received assistance from Cross Border and Watson Farley & Williams. RanD has sales in the region of 8 million euros, an ebitda of 2.4 million and net cash of 2.6 million and aims to grow in USA, China and Japan with the support of CIP.
Montefiore Investment acquired a controlling stake in Demenego, an Italian retailer of specs, from VAM Investments which purchased the asset’s majority in 2020 from the De Menego Family (see here a previous post by BeBeez). Eurazeo financed the transaction. LABS Corporate Finance, Houlihan Lokey (debt advisor), Gitti and Partners (legal), Spada Partners, BIP, and EY assisted Montefiore. VAM Investments retained Tyche Finance, Deloitte and DWF. Demenego has sales in the region of 40 million euros with an ebitda of 8.4 million and a net debt of 8.5 million.
Italian permanent capital – private equity and PIPE (Private Investments in Public Equity) investor Smart Capital, a holding that the Agrati Family launched in 2021, is mulling for an IPO on Milan market by the end of November (see here a previous post by BeBeez). Smart Capital raised 51 million euros from several investors such as the Anghilleri Family, Dell’Orto Family, Rink Family, Maurizio Fumagalli, Elia Bonacina, Gianantonio Tomaselli, and Sergio Buoncristiano. Smart Capital hired Mediolanum investment banking, IMI, Alantra, Investis, and Pedersoli Gattai. Sources said to BeBeez that the firm aims to list through a capital increase aimed at raising resources for acquisitions. Andrea Costantini and Andrea Faraggiana head Smart Capital.
Green Sustainable Packaging (GSP), a portfolio company of Alcedo, acquired Italian printing firm TIC TAC, from the Miotto Family that will reinvest for a minority of GSP and keep the target’s management (see here a previous post by BeBeez). Giovanni Cattelan, Adacta Advisory and Studio Legale Grimaldi Treviso advised TIC TAC. GSP retained CBA. Giancarlo Miotto is the ceo of TIC TAC while Marco Scantamburlo heads GSP. Alcedo is a firm that BeBeez Private Data, the private capital database of BeBeez and FSI, monitors. Find out here how to subscribe for one month or one year
Entangled Capital acquired 51% of Sipa International, an Italian food company, from the Martino Family that will keep a 49% and the management of the business (see here a previous post by BeBeez). BPER Banca financed the transaction. Sources said to BeBeez that Chiara Martino sold her 46% stake. Emma Martino and Giordana Martino reinvested in the company for a 29% and 20%. Entangled retained Studio Spada Partners, Studio Russo De Rosa e Associati, HPC Italia, and Studio PedersoliGattai. The vendors received assistance from UBS and Legance Avvocati Associati. Sipa has sales of 23.7 million euros, an above 4 million ebitda and net cash of 0.155 million. The sources said that the company expects to generate a 5.5 million ebitda. Entangled Capital is a firm that BeBeez Private Data, the private capital database of BeBeez and FSI, monitors. Find out here how to subscribe for one month or one year
Ibla Capital acquired SolarEdge Automation Machines (SEAM) through a carve-out deal with Nasdaq-listed SolarEdge Technologies Holding, a provider of smart energy solutions (see here a previous post by BeBeez). The target’s management will remain in charge. Ibla Capital retained PedersoliGatta, PwC TLS, Deloitte Financial Advisory, and Studio Noventa. SEAM has sales of 12 million euros. Ibla Capital and its portfolio companies are firms that BeBeez Private Data, the private capital database of BeBeez and FSI, monitors. Find out here how to subscribe for one month or one year
Altea Federation, a strategic management and IT consultancy firm that since 2023 belongs to Chequers Capital, acquired 4UTIME through its SAP Gold Partner subsidiary Run Time Solutions (see here a previous post by BeBeez). Vincenzo Strazzullo is the ceo of 4UTIME while Mario Barone is the ceo of Run Time Solutions and Andrea Ruscica heads Altea Federation. Chequers Capital and Altea Federation are two companies that BeBeez Private Data, the private capital database of BeBeez and FSI, monitors. Find out here how to subscribe for one month or one year
Italian shipping company Navigazione Montanari, a firm that belongs to the eponymous family, acquired the chemical product tanker Valderice (fka Astella) from French competitor Socatra (see here a previous post by BeBeez). Sources said to BeBeez that the asset costed more than 20 million euros and that Intesa Sanpaolo provided the buyer with a 10 million financing facility with the SACE warranty. WFW-Watson Farley & Williams assisted Navigazione Montanari.
Edoardo Lanzavecchia resigned as managing partner and head of Italy of Alpha Group, a pan European private equity with assets under management worth 2 billion euros (see here a previous post by BeBeez). Paolo Magni replaced Lanzavecchia and lead a 5-professionals team and will work with Pasquale Cavaliere. Alpha said that in the short term it aims to sell part of its portfolio companies for raising cash for its investor. After such deals, the fund will start to fundraise. Alpha Private Equity and its portfolio companies are firms that BeBeez Private Data, the private capital database of BeBeez and FSI, monitors. Find out here how to subscribe for one month or one year
