BeBeez will be the media partner for Integrae sim‘s Financial Galà that will take place on 18 November, Monday, at Milano Luiss Hub for makers and students in via Massimo d’Azeglio 3. The event will allow the executives of SMEs listed on Euronext Growth Milan to network with the investors’ ecosystem. Click here for further information and signing up
Press roumours say that Forgital Italy’s advisors JPMorgan and Latham Watkins shortlisted five bidders out of Cinven, Lone Star, Warburg Pincus, Platinum, Advent International, and Bain Capital (see here a previous post by BeBeez). The Carlyle Group acquired the Italian producer of industrial components in 2019 for an enterprise value of 950 million euros. e da Carlyle. The funds may table the binding bids by the end of 2024 on the ground of an enterprise value of 2 billion. Forgital has sales of 272.8 million, an ebitda of 35.1 million, net profits of 18.7 million, a net financial debt of 36 million, and equity of 263.9 million (see here the company’s 2023 financials available for the subscribers to BeBeez News Premium and BeBeez Private Data). BeBeez Private Data, the private capital database of BeBeez and FSI, monitors The Carlyle Group and Forgital. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
On 6 November, Wednesday, Milan-listed Banco BPM‘s ceo Giuseppe Castagna, said that the firm will launch a 1.58 billion euros worth (6.2 euros per share) delisting offer on Milan-listed asset manager Anima Holding through its insurance arm Banco BPM Vita (see here a previous post by BeBeez). The merged entity may manage assets for 220 billion, said. Banco BPM already owns 22.38% of Anima which also belongs to Poste Italiane (11.95%), FSI (9.77%) and FG Caltagirone (3.46%). The deal should close by 1H25. BPM set a threshold of 66.67%.
Press rumours say that CDP is holding exclusive talks with Nextalia, the fund that Francesco Canzonieri heads, for a 300 million euros worth acquisition of 80% of Italian agritech Diagram (see here a previous post by BeBeez). Roberto Mancini is the target’s ceo.
BTS DevCo, the US subsidiary of Italian BTS Biogas, and French Eiffel Investment Group allocated 50 million euros in revamping 4 biomethane Italian plants through Green One, which aims to build 15 plants in Europe by 2026 with investments of 150 million (see here a previous post by BeBeez). BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Eiffel Investment Group. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
Microtest, an Italian producer of testing machinery for semiconductors of which Xenon Private Equity has 60%, received the US Government authorization for acquiring Focused Test (see here a previous post by BeBeez). Deloitte and Pavia e Ansaldo supported the buyer. Peter Hancock is the chairman of Focused Test which has sales of 3 million Dollars. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Xenon Private Equity and Microtest. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
The Germani Family, the ceo Mauro Ferrari and Arcese Trasporti sold Germani, an Italian special transports company, to Eurizon ITER and Eurizon ITER ELTIF (see here a previous post by BeBeez). Earlier in September, sources said to BeBeez that the Italian Antitrust Authority was appraising the transaction. Ferrari will keep his role and reinvested for a minority. BPER, Intesa Sanpaolo, Banco BPM, BNL, Cassa Depositi e Prestiti, and Banca di Cividale financed the deal. The buyers received assistance from Intermonte SIM, Linklaters, PwC, KPMG, Studio Di Tanno, Willis Watson Towers, and Cogitek. The vendors retained Vitale&Co, Osborne Clarke, Studio Spada Partners, Studio Associato Corradi D’Incà Riccò Tagliavini Zini, Studio SCOA, New Deal Advisors, and goetzpartners. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Eurizon ITER, Eurizon ITER ELTIF and their portfolio companies. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
KEP Italia, a horse riding items producer of which Arcadia has 75%, acquired Italian competitor Veredus from Paolo Menegoni (65%) and Ermanno Fuga. (see here a previous post by BeBeez). Orrick assisted Milan-lsited illimity that provided the financign while New Deal Advisors advised KEP Italia. Veredus has sales of 4.7 million euros, an ebitda of 1.4 million and net cash of little above 0.766 million. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Arcadia and its portfolio companies. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
Luca Birbes raised 0.4 million euros for the launch of Italian search fund Leonessa Capital (see here a previous post by BeBeez). The vehicle attracted the resources of Novidam, Cabiedes Partners, Moonbase Fund, Secways, Athena Holding, Ryton Equity, Akiro Partners, Paolo Guida, Search Fund Club (a firm that Enrico Arietti and Riccardo Triolo created in 2020), and other investors. Leonessa Capital aims to acquire an Italian SME with a deal worth 10 – 20 million.
Italian private equity and PIPE (Private Investments in Public Equity) Smart Capital will list on Milan Market by the end of November 2024 (see here a previous post by BeBeez). The company already filed with Borsa Italiana a listing application and started its bookbuilding. As BeBeez previously reported, Smart Capital will launch its IPO through a capital increase of 1.55 euros per share for a pre-money net asset value in the region of 36.7 million euros. Nell’operazione di quotazione, Smart Capital retained Alantra Capital Markets, Intesa SanPaolo, Banca Investis, Banca Mediolanum, KPMG, PedersoliGattai, Chiomenti, Deloitte & Touche, Crowe Bompani, and CDR Communication. Andrea Costantini is the founder, chairman and ceo of Smart Capital while Andrea Faraggiana acts as coo. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Smart Capital and its portfolio companies. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
Italian football club Sampdoria sold a 58% stake to Kickoff Ventures, a company of which Matteo Manfredi and Gestio Capital have indirect ownership (see here a previous post by BeBeez). Gestio Capital has 42% of Sampdoria. Nathan Thomas Barry Walker, Pierre Goffinet and Elena Guaraldi are the directors Kickoff Ventures. The relaunch of Sampdoria may cost 100 million euros.
Milan-listed B-Corp Finance For Food (FFF), a consultancy firm for the agrifood and renewable energies sector, said it invested 0.5 million euros for 51% of Italian competitor D&P (see here a previous post by BeBeez). FFF signed call and put options agreement for acquiring the whole target. The acquisition may take place through a shares swap on the ground of FFF enterprise value of 23.05 million, or 3,94 euros per share.
Montefiore Investments signed a binding agreement for acquiring the majority of Milani, a supplier of electromechanical installations with a focus on advanced tertiary real estate sector (see here a previous post by BeBeez). The Milani Family will keep a minority of the business while siblings Oreste Milani (previous 40% owner) and Beatrice Milani (30%). Giuseppina Bonfanti sold her 30% of the business. PwC, Legance and Studio VBM assisted the vendors. Montefiore Investment retained DLA Piper, Kearney, PwC, GPBL, Marsh, E&Y, and BIP. Milani has sales of 100.1 million euros, an ebitda of 13.3 million and net debts in the region of 0.218 million. Simone Rodi is a director of Montefiore Investment. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Montefiore Investments and its portfolio companies. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager.
Gruppo SAE (Sapere Aude Editore), an Italian publisher of local papers, acquired Italian advertising company Next14 from the ceo Marco Ferrari (44.96%), Marco Franciosa (7.34%), Marina Salamon (5.54%), and further minority shareholders (see here a previous post by BeBeez). The vendors reinvested 10 million in SAE. Banco BPM and BPER Banca financed the transaction and retained PedersoliGattai. SAE hired Clearwater, Massimo Briolini, Marco Racano, Cosimo Di Bitonto, BDO, EY, and LCA Studio Legale.
Trinità – Industria Salumi, an Italian food company of which FII has 78%, acquired Italian competitor Galli Industria Salumi from Ermes Galli (80%), Deanira Bellini (6%), Ivano Galli (8%), and Adele Avigni (6%) (see here a previous post by BeBeez). The target has sales in the region of 14 million, an ebitda of minus 0.58 million and equity of 1.1 million BeBeez Private Data, the private capital database of BeBeez and FSI, monitors FII and its portfolio companies. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
Zapi Group acquired Ubiquicom, a manufacturer of geolocalization items (see here a previous post by BeBeez). Ubiquicom previously belonged to founder and ceo Stefano Sarasso (32.73%), HR manager Andrea Cardillo (14.88%), co-ceo and cfo Denis Errica (10.13%), and Oltre Impact (18.7%). The company has sales of 3.9 million euros, an ebitda of minus 0.704 million and equity of 3.9 million. Zapi has a turnover of 209.5 million, an ebitda of 83.5 million and net cash of 9 million. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Oltre Impact and its portfolio companies. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
