Sources said to BeBeez that F2i is holding talks with Sixt Street and Greek Metlen Energy & Metals for selling a minority of the 1 billion euros worth entity that will born out of the merger of EF Solare (acquired in 2018) and Sorgenia (purchased in 2020 with Asterion Industrial Partners) (see here a previous post by BeBeez). Sixt Street retained Rotschild said the sources. F2I reportedly hired Intesa Sanpaolo, Lazard and Mediobanca for selling 40% of the asset. The buyer will take Sorgenia’s 27.61% of Asterion. Crédit Agricole has 30% of EF Solare and may keep a stake in the firm. F2ì has 70% of EF Solare.
As BeBeez reported in September, a further minority of Plenitude, the renewable energy B-Corp subsidiary of Milan-listed ENI, is of interest to Apollo Global Management, Stonepeak and HitecVision (see here a previous post by BeBeez). Plenitude may sell a total of up to 25% to minority shareholders with Energy Infrastructure Partners that would keep a 10% of the business for which it paid in the region of 800 million euros.
Milan listed Banco BPM launched Banco BPM Invest, an asset manager that will also launch a fund of private equity funds for the secondary market (see here a previous post by BeBeez). The firm products will have an ESG approach. Banco BBPM Invest will have resources of above 1 billion euros and Antonio Mignone will act as ceo. Edoardo Ginevra is the co-coo and cfo of Banco BPM.
On 22 November, Friday, the shares of Smart Capital, a private equity and PIPE (Private Investments in Public Equity) holding for permanent capital investments, started to trade on Milan market with an initial market capitalization of 41 – 43.6 million euros for a public capital in the region of 53% (see here a previous post by BeBeez). Andrea Costantini and Andrea Faraggiana will head Smart Capital. The company placed its shares on the ground of a pre-money net asset value in the region of 36.7 million. Smart Capital retained Intesa SanPaolo, Alantra Capital Markets, Banca Investis, Banca Mediolanum, KPMG, PedersoliGattai, Chiomenti, Deloitte & Touche, Crowe Bompani, and CDR Communication. The Agrati Family launched Smart Capital in 2021.FairCap signed a binding agreement for acquiring Italy’s Flextronics Manufacturing, a producer of machinery for communication, from Nasdaq-listed Flex, based in Singapore (see here a previous post by BeBeez). The target has sales of 750 million euros, an ebitda of above 4.4 million and net cash of little more than 1.5 million.
Sacs Tecnorib, an Italian nautics company, sold a 32% to Nuo, a financial firm that belongs to Exor and Wwicl–The World Wide Investment Company Limited (see here a previous post by BeBeez). Sacs Tecnorib previously belonged to Matteo Magni (75%) and Giovanni De Bonis (25%) and retained Clearwater and DLMS. Nuo received assistance from Chiomenti, EY and Gitti and Partners.
Quadrivio Group launched Artificial Intelligence PE Fund in partnership with Microsoft (see here a previous post by BeBeez). The vehicle set a 300 million euros target and will invest in Italy (70%), USA and Europe (30%). Alessandro Binello is the ceo of Quadrivio Group. Artificial lntelligence Pe Fund will target the majority of B2B companies that aim to implement an international growth strategy. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Quadrivio 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.
Regas, a portfolio company of Credem Private Equity, acquired 95% of Gruppo Idrogas, a developer of gas plants, from Luca Ghio (see here a previous post by BeBeez). The vendors retained Dwf and BCC Banca Iccrea while It Notai Milano acted as public notary. Gruppo Idrogas has sales of 3.5 million euros, an ebitda of little below 0.135 million and net debts of 3.4 million. In 2022, Franco Jamoletti, Regas founder, sold a 70% to Credem Private Equity for 18 million on the ground of an equity value in the region of 26 million. The company has sales of 21.3 million, an ebitda of 5.3 million and net debts of 16.9 million. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Credem Private Equity 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
Fondo Italiano d’Investimento (FII) allocated 215 million euros for FIS, a secondary private equity fund that also attracted the resources of LGT Capital Partners and Committed Advisors (see here a previous post by BeBeez). FIS signed a 250 million worth commitment with UniCredit for acquiring 10 funds that 8 different operators manage and that have more than 50 portfolio companies. Davide Bertone is the ceo of FII while Luigi Tommasini is the firm’s head of strategic Initiatives and Funds of Funds. 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
Milan-listed tmt company Unidata signed a partnership with Luxembourg’s Connecting Europe Broadband Fund (CEBF), a vehicle of Cube Infrastructure Managers (CIM – afund that attracted the resources of CDP, Caisse des Depots, KFW, BEI, the EU Commission, and other investors) (see here a previous post by BeBeez). Unidata purchased 11.05% of Italian Clio Fiber for 0.625 million euros from FibraSalento. Moreno Grassi and Stefano Paggi head the target. Renato Brunetti is the chairman and ceo of Unidata.
Milan-listed First Capital, a holding for Private Investments in Public Equity (PIPE) and private equity, acquired Italian corporate finance boutique Value Track through its subsidiary Invest Italy sim that rebranded as Value Track sim (see here a previous post by BeBeez). Marco Greco and Luca Di Liddo will have 25% and 10% of Value Track. The buyers retained Herbert Smith Freehills Studio Legale and Studio Galante e Associati. Value Track hired Studio Masotti Cassella and Studio Faraone. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors First 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
HIG Capital sold Deenova (fka Santa Lucia Pharma Apps), an Italian provider of automation solutions for closed loop medications and medical devices traceability, to Sergio Giglio who carried on the deal in partnership Ersel Asset Management (see here a previous post by BeBeez). Amundi Private Equity Italia acquired 5% of the target. Deenova retained William Blair, Eversheds Sutherland and EY. Equiter Infrastructure received assistance from Deloitte and White & Case. Giglio hired CREA Avvocati Associati. Deenova has sales of 34 million euros, a 150 million orders backlog and an above 20% ebitda margin. Raffaele Legnani is HIG’s country manager for Italy. Giorgio Pavesi is the ceo of Deenova.
Italian Renewable Resources (IRR), an alternative investments fund of Italian asset manager Soprarno (a subsidiary of Banca Ifigest), subscribed to a capital increase of E-Shore, a provider of energy services for the e-mobility sector that is going to acquire GASGAS Charging Community, a developer of infrastructures for electric vehicles rechargin (see here a previous post by BeBeez). In 2022, E-Shore attracted the resources of L&B Capital, a holding of the Di Terlizzi Family. Banca Ifigest is a wealth management firm that Gianni Bizzarri created and that has 5 billion euros of assets under management. IRR invested in E-Shore ahead of creating UAU, an Italian e-mobility player. Flavio Di Terlizzi is the Chief Investment Officer of Soprarno and a managing partner of L&B Partners.
Italian private equity 21 Invest acquired the majority of French medtech Rocamed and launched 21 Invest Healthcare, an Article 9 SFDR compliant sector vehicle that raised 70 million euros ahead of a 150 million target (see here a previous post by BeBeez). Fondo Italiano and European Investment Fund poured resources in 21 Invest Healthcare which will ivnest 10 – 15 million per deal in European and Italian companies. Partners Stefania Petruccioli, Alessandro Damiano, Fabio Parisi and the principal Michele Fodde will lead the fund. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors 21 Invest 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 martech Retex, a company of which FSI has 80%, launched a 3 euros per share cash offer on Madrid-listed competitor TIER1 (see here a previous post by BeBeez). The transaction is worth up to 24.51 million euros. The deadline for tendering the offer is 16 December, Monday, while the bidders set a 50% plus one shares threshold. FSI hired Banco Santander as broker for the offer. TIER1 has sales of 22.6 million and an adjusted ebitda of 2.96 millioni.
The Equity Club, a club deal platform that Roberto Ferraresi and Filippo Penatti head in partnership with the Mediobanca wealth management unit, acquired the majority of Italian media contents Rainbow (see here a previous post by BeBeez). Mattia Mor allowed buyers and vendors to liaise. New Deal Advisors assisted The Equity Club which invested in the region of 90 million euros for a minority of Rainbow, a company that Igino Straffi founded. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors The Equity Club and Raibow. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
