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
On 11 December, Wednesday, BeBeez and Di Luccia & Partners will hold the first Private Equity Backed Managers Awards, an invitation-only Christmas event. Professionals of the M&A and Private Equity sectors can join the survey for rewarding the best managers here
CVC Capital Partners hired Rothschild for selling Genetic Group, a medical devices producer on the ground of an enterprise value of 700 million euros (see here a previous post by BeBeez). In 2020, CVC acquired 60% of Genetic from Rocco Pavese and his family which aim to keep a stake in the business. The company has sales of 112.4 million, an ebitda of 41.1 million, net profits of 3.5 million, a net financial debt of 47.6 million, and equity of 151.4 million. In 2020, Genetics attracted the bids of KKR and ProA Capital. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors CVC Capital Partners and Genetic 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.
Milan-listed ENI’s ENI Plenitude, an Italian renewable energy company, said that Energy Infrastructure Partners raised from 9% to 10% its stake in the business through the subscription of a 209 million euros capital increase on the ground of a post money equity value in the region of 8 billion and an enterprise value of above 10 billion (see here a previous post by BeBeez). Energy Infrastructure Partners invested a total of 800 million in Eni Plenitude. Mediobanca assisted Eni while EIP retained Rothschild & Co. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Eni Plenitude and EIP. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager.
Milan-listed firms Banco BPM and Anima Holding said they acquired 5% (370 million euros) and 3% (219 million) of Banca Montepaschi (MPS) (see here a previous post by BeBeez). The deals are part of the Italian Ministry of Economy and Finance (MEF) sale of Montepaschi of which it currently has 11.6%. Anima Holding raised its stake in MPS to 4%. 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. 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%.
Milan-listed industrial company EGLA-EuroGroup Lamination, a firm of which has Tikehau Capital 7.9%, acquired 40% of Indian competitor Kumar Precision Stampings (see here a previous post by BeBeez). The investment is worth 19.9 million euros. EGLA acquired shares of the target for 13.9 million and subscribed to a 6 million capital increase on the ground of a pre-money equity value of 43.8 million and a 58.3 million enterprise value. EGLA will finance the transaction with 140 million financing facilities that previously received from Intesa Sanpaolo-Divisione IMI/CIB, UniCredit, BNL BNP Paribas, and Deutsche Bank.
Salcef Group delisted from Milan stock market as the Salciccia Family and Morgan Stanley Infrastructure Partners raised little less than 98% of the target at 26 euros per share, Banca Akros, the firm in charge of collecting the tenders, said (see here a previous post by BeBeez). Salcef delisting will take place on 19 November, Tuesday on the ground of an enterprise value of 1.62 billion. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Salcef and MSIP. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
Apax Partners portfolio company Finwave-OCS (Finwave) and Milan-listed illimity Bank signed a binding agreement for creating a player in the fields of AI and banking services (see here a previous post by BeBeez). The closing may take place by 1Q25. Finwave and illimity will create a newco that will own all the bank’s Competence Line Digital unit that is worth 120 million euros. At a second stage, Finwave will acquire 52% of the newco from illimity for 62.4 million and an eventual earn-out of up to 30 million. Deloitte Legal and Deloitte Financial Advisor assisted illimity while Finwave and Apax retained Advant NCTM, Ashurst and E&Y. Milan-listed illimity may post a capital gain of 54 million with such a deal. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Finwave and Apax Partners. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
Paris-listed retailer FNAC Darty and its 25% owner Ruby Investment raised 91.1% of Milan-listed Unieuro (see here a previous post by BeBeez). Ruby belongs to VESA Equity Investment, part of EP Equity Investment, a company that belongs to Daniel Křetínský and Patrik Tkáč. Unieuro attracted a 12 euros per share offer on the ground of a 249 million euros equity value and an enterprise value of 662 million.
Covisian, an Italian BPO provider that belongs to Aksìa, e partecipato dai coinvestitori Faso IV Sicav (a vehicle that Five Arrows manages), Schroder Adveq Europe, and Crown Europe, said it acquired US competitor Centrinex (see here a previous post by BeBeez). Bart N. Miller is the target’s ceo. Gabriele Moretti is the founder and chairman of Covisian which has sales of 384.1 million euros, an ebitda of 27.7 million and a net financial debt of 54.2 million. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Covisian and Aksìa. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
HAT and Milan-listed TXT e-solutions acquired Italian digital enabler Webgenesys from Antonello Posterino and Raffaele Primo for 63 million euros (see here a previous post by BeBeez). Sources said to BeBeez that HAT, a fund that Ignazio Castiglioni (ceo) and Nino Attanasio (chairman) head, raised more than 100 million. The vendors will receive 15.7 million in shares of TXT. Advant NCTM, Orrick, Herrington & Sutcliffe, Grant Thornton Financial Advisory Services, OC&C Strategy Consultants, HSPI, Studio Legale e Tributario Russo De Rosa Associati, and ERM assisted the buyers. Webgenesys retained Simmons & Simmons and Lyra Partners. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors HAT 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
German private equity Bregal concluded its 2,53 euros per share public offer on Milan-listed Relatech, an Italian provider of digital solutions, on the ground of an enterprise value in the region of 135 million euros (see here a previous post by BeBeez). Banca Akros, the firm in charge of collecting the tenders, said that Bregal has 94.99% of the target. The founder Pasquale Lambardi reinvested for a minority. The fund will invest 50 million euros and will receive financing facilities from Banco BPM and Banca Ifis. Mediobanca, Chiomenti, A&M, Essentia, Legance, Deloitte, and Code & Co assisted Bregal. Gianni & Origoni, EnVent Italia advised Relatech. Simmons & Simmons supported the lenders.
SB Italia, an Italian provider of corporate IT solutions that belongs to Argos Wityu acquired Doxinet from Antonio Vismara (40% – ceo), Gianvincenzo Cattaneo (35%), Stefano Mazzoleni (20%), and Nicola Cattaneo (5%) (see here a previous post by BeBeez). Giovannelli e Associati assisted the buyer while the vendors retained BSVA. Doxinet has sales of 2.5 million euros, an ebitda of 0.1768 million and net cash of 0.5473 million. Massimo Missaglia is the ceo of SB Italia which has a turnover of 40.9 million, an ebitda of 9.9 million and net debts of 5.8 million.
Swiss Planzer acquired Italian logistic company Sifte Berti from Franco Berti and Francesca Berti without disclosing any financial detail (see here a previous post by BeBeez). The target has a turnover of 29.4 million euros, an ebitda of minus 5.3 million and a net financial debt of 3.9 million. Planzer has sales of above 1.15 billion (1.084 CHF billion). Ceresio Investors, Studio Bolelli Sportelli de Pietri-Tonelli and Conte Maienza advised the Berti Family. Baker McKenzie, De Luca Advisory and SCTS Studio Tributario e Societario supported Planzer. Alessandro Santini heads the Corporate Advisory & Investment Banking unit of Ceresio Investors.
PIB Group, an English insurance broker that belongs to Apax and The Carlyle Group, acquired Italian competitor BEA Group and its French subsidiaries 2009 dall’italiano from Andera Partners (see here a previous post by BeBeez). Marco Favale is the target’s ceo while Andera invested in BEA Group in 2022. Brendan McManus is the ceo of PIB Group.
Compagnia Italiana Brokers di Assicurazione (Ciba Brokers) acquired Moschini & Partners – Brokers Assicurativi (see here a previous post by BeBeez). Ciba Brokers retained Scouting Capital Advisors and Saccaro-Trambaiolo. Moschini & Partners received assistance from Studio Associato Gardelli Dottori Commercialisti. The target has a turnover of little above 0.151 million euros, an ebitda of more than 0.046 million and net debts of 0.689 million. Ciba Brokers belongs to Confcooperative Emilia Romagna (25.5%), B.More – Servizi per l’Impresa Società Cooperativa (9%), Conserve Italia – Consorzio Italiano fra Cooperative Agricole (9%), Emil Banca – Credito Cooperativo (7.55%), and other minority owners. Ciba has revenues of 4.5 million, an ebitda of little above 0.75 million and net debts in the region of 0.676 million.
Alperia Greenpower, part of Italian utility Alperia, and Milan-listed Alerion Clean Power signed a frame agreement for setting an even joint venture for the development of Aeolian farms in the Southern Italian region of Apulia with a total power of 120 MW (62 MW already operative and 58 MW under construction) (see here a previous post by BeBeez). Studio Rinnovabili, BDO and PedersoliGattai assisted Alperia. Brandstätter, Rothschild&Co and Hager&Partner advised Alerion which sold to Alperia a 50% of its subsidiary Naonis Wind (49.7 million), the whole Enermac, Bioenergia and Generai, the owners of the Aeolian farms. Alperia also paid 13.6 million for acquiring 50% of receivables from shareholders’ loans outstanding between Alerion, Naonis and its subsidiaries.
Friulsider, an Italian producer of building fixings that belongs to US Simpson Strong-Tie, said it acquired Etanco Italia (Si.Cop Etanco) from French Etanco (see here a previous post by BeBeez). Simpson Strong-Tie acquired Etanco from Intermediate Capital Group in 2022 for 725 million euros. Etanco Italia has sales of 5.5 million with an ebitda of 1.2 million.
Sources said to BeBeez that IDeA Taste of Italy, part of DeA Capital Alternative Funds, sold its 35% of Wisecap Group, an Italian packaging company that belongs to the Delfanti Family, to a Northern European investor (see here a previous post by BeBeez). Press reports said that Wisecap is worth 150-200 million euros. Alessandro Delfanti (ceo), Ilaria Delfanti (Finance & Administration specialist and HR coordinator) and Christian Delfanti (responsabile Sales & Marketing) owns 65% of the business and received assistance from PedersoliGattai. IDeA Taste of Italy retained Tyche Finance, Gianni&Origoni, KPMG, goetzpartners, and Marsh. Wisecap has sales of 96.7 million, an ebitda of 17.5 million and net cash of 14.7 million. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Idea Taste of Italy and CDS-Wisecap. 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 TSG, a technical services provider for the sustainable mobility that belongs to HLD Europe since 2020, acquired Italian developer of industrial photovoltaic systems SKY-NRG (see here a previous post by BeBeez). Pirola Corporate Finance and Pirola Pennuto Zei & Associati assisted SKY-NRG which has sales of 60.2 million euros, a 16 million ebitda and net cash of 8.7 million. Gianluca Paroni is the ceo of SKY-NRG. TSG has a turnover of above 1 billion. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors HLD 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
Investindustrial, a pan European private equity fund with aum worth 15 billion euros, attracted the resources of Abu Dhabi Catalyst Partners (Adcp), a joint venture of Mubadala Capital and Alpha Wave Global for Investindustrial Advisors Limited, an UK vehicle that aims to raise 3.75 billion euros (see here a previous post by BeBeez). Maxime Franzetti and Fatima Al Noaimi are the co-heads of Mubadala Capital Solutions.
Mediterranean Italian Offshore, a mega offshore renewable energy plant of 490 MW in the Southern Italian town of Corigliano Calabro (Cosenza area), may channel investments worth 1.5-1.7 billion euros, press reports said (see here a previous post by BeBeez). Green Arrow Capital is one of the shareholders for such a venture. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Green Arrow 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 dairy company Latteria Montello acquired 90% of Italat France (see here a previous post by BeBeez). PwC TLS and Lumieres-avocats and Stemm – Cabinet d’Avocats assisted the buyer. Italat France has sales of above 5 million euros. Silvia Lazzarin is the chairwoman of Latteria Montello which has sales of 125.4 million, an ebitda of 23.6 million and net cash of 12.2 million.
FARO Alternative Investments SCSp SICAV-RAIF, an alternative assets firm that Crestbridge Management Company manages, is close to receiving the authorization for the launch of FARO Capital Markets (see here a previous post by BeBeez). Anna Lambiase, the founder of IR TOP Consulting and chairwoman of CDP Venture, is advising FARO and said to BeBeez that FARO Capital Markets aims to raise 80 million euros for focussing on Italian SPACs and mid-market equity, quasi-equity or debt investments that involve pre-ipos, ipos and post-ipos. Augusto Balestra, Sergio Serra, Mario Gardini, and Giancarlo Galeone are the founders of FARO. Balestra said to BeBeez FARO aims to raise 1 billion by 2026 for the units FARO Value, FARO Real Economy, FARO Innovation, and FARO Fashion, Luxury & Design.
Italian search fund Alpha Generator Capital, a vehicle that Federico Di Benedetto created, raised 0.42 million euros (see here a previous post by BeBeez). Di Benedetto is an alumnus of Bocconi University and received his MBA from London’s Imperial College Business School. The manager said to BeBeez that Alpha attracted the resources of Search Fund Club, Akiro Partners, Vito Giurazza, Visconti Capital, Relay Investments Europe, Vonzeo Capital, Aurica Capital, Spectra Investments, Itaca Capital Partners, Cabiedes Inversiones, Tres Coronas Capital, Mazal Capital, Orionis Capital, and other investors. Di Benedetto added that Alpha will target an Italian company capable of grasping the opportunities of climate change or related areas, with an ebitda of 2 – 5 million.
As BeBeez previously reported, B4 Investimenti, the financial firm that Fabrizio Baroni heads, said it raised 51.85 million euro, well above the 30 million target (see here a previous post by BeBeez). The fund attracted the resources of 50 Italian and international investors. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors B4 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
Carlo Michelini left his role as chief investment officer of F2i (see here a previous post by BeBeez). Mauro Miglio and Corrado Santini will act as co-CIOs for the equity investments of the fund which appointed Fabio Albano, Paolo Bugini and Laura Pascotto as new partners. F2i’s assets under management are worth 8 billion euros.
