Apollo Global Management sold 9.5% of Milan-listed gaming company Lottomatica of which it currently owns 41.9% (see here a previous post by BeBeez). The fund fetched 300 million euros through an accelerated bookbuilding procedure for institutional investors. Apollo signed for a 60-days lock-up for its stake in Lottomatica. Barclays Bank, Deutsche Bank, Goldman Sachs International, and JPMorgan acted as joint global coordinator. Apollo Capital Solutions, BNP Paribas, and Unicredit held joint bookrunners roled. BTIG and Siebert had a co-manager role. Latham & Watkins assisted the vendor.
As BeBeez reported in November 2024, Italian football club Hellas Verona’s chairman Maurizio Setti sold to Presidio Investors for an enterprise value of above 120 million euros (90 million debt) (see here a previous post by BeBeez). Setti retained Deutsche Bank and Unilegal while Deloitte and Hogan Lovells assisted Presidio.
NB Aurora Sicaf RAIF, a firm that is reportedly close to delist from Milan market, signed a 39.3 million euros worth binding agreement for selling a 68.5% of BluVet, an Italian chain of veterinary clinics to Ca’ Zampa, a portfolio company of G Square Capital Healthcare Private Equity (see here a previous post by BeBeez). NB Aurora retained Vitale&Co and Advant NCTM.
Investindustrial acquired the majority of Italian packaging company Eurovetrocap from Carlo Cattaneo (33.35%), Marco Cattaneo (33.35%), Giovanni Cattaneo (15.16%), and Cartem Investments (18.17%) (see here a previous post by BeBeez). Giampaolo Herrmann will keep his ceo role. Chiomenti assisted Investindustrial. Mediobanca and Orrick advised Eurovetrocap which has sales of 66.6 million euros, an ebitda of 15.7 million and net cash of 18.3 million.
Italian fashion firm Etro, a portfolio company of L-Catterton since 2021 launched a capital increase of 13.2 million euros that the current owner and other investors subscribed (see here a previous post by BeBeez). The Etro Family kept a minority. Intesa Sanpaolo, Unicredit, Banco BPM, illimity, BNL, Banca del Fucino, and Solution Bank hold the company’s shares as a pledge. Etro has sales of 262.4 million, an ebitda of minus 15.4 million and a net financial debt of 46.3 million. Etro is reportedly of interest to Qatar’s Mayhoola for Investments that is willing to pay 200 million for the asset while L Catterton aims to fetch 220 million.
Insurance broker GbSapri, a firm of which Brera Capital Partners has has 70% since 2024, acquired Italian competitor Ernesto Solari Assicurazioni and Swiss Seabridge Insurance from Tito Gherardi, Luca Solari and Matteo Solari (see here a previous post by BeBeez). After such a transaction the buyer will have a 40 million euros turnover. GbSapri appointed Carlo Tamai as head of m&a and Herman Klein Wassink as senior advisor. Carlo Maria Bassi is the company’s ceo.
Telepass, a provider of automatic motorway toll payment systems of which Mundys (Edizione and Blackstone) has 51% and Partners Group 49%, sodl Telepass Innova for 6.2 million euros to eXyond (fka Log@Sea), a subsidiary of Milan-listed Circle (see here a previous post by BeBeez). Luca Abatello is the chairman and ceo of Circle Group.
Italian food company Di Marco, a portfolio asset of Abenex, acquired the majority of Italian competitor Pizzami from the Galati Family that will reinvest for a minority (see here a previous post by BeBeez). Intensa SanPaolo financed the transaction and hired PedersoliGattai. Pizzami retained BCMS and MBA while Dentons assisted Di Marco which has sales of 60 million euros. Pizzami has revenues of 6.7 million with an ebitda of 1.6 million and net cash of below 0.61 million.
Clessidra Capital Credit acquired a controlling stake of Sisma, an Italian manufacturer of consumer products, from Magnetar Capital (see here a previous post by BeBeez). In 2020, Clessidra purchased 50% through the subscription of a 59 million euros capital increase. The target has sales of 46.9 million, an ebitda of minus 1.5 million and a net financial debt of 3.1 million.
Sources said to BeBeez that Luca Zivieri acquired from Route Capital Partners 70% of Italian manufacturer of industrial machinery Vektor for a deal worth in the region of over 9 million euros (see here a previous post by BeBeez). Anthilia Capital Partners financed the transaction with a 9 million senior debt facility. Pirola Corporate Finance and Studio Botti Pagani assisted the buyer. Studio Lugli and Studio Poggi & Associati advised Vektor. Anthilia hired Gitti & Partners and Epyon Audit & Consulting.
Italy’s HT-Ceram Group sold HTC and Redco to Tokyo-listed Tateho Chemical Industries (see here a previous post by BeBeez). B&C Legal Corporate and EuroDev assisted the buyers. HT – Ceram Group belongs to Laura Cornara (68.2%) and ceo Piero Cristini (26.8%). The company retained League – The Legal Hub, Kroll Advisory and Studio Benedini.
