Investindustrial will carry on the delisting of Italian industrial company Piovan from Milan market after having acquired 58.35% of the target from Nicola Piovan (see here a previous post by BeBeez). Investindustrial will pay 14 euros per share cum dividendo for a total of 236.5 million euros. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Investindustrial 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
Abu Dhabi’s Lunate, an asset manager that handles 105 billion of US Dollars, tabled a binding offer for ADNOC Gas Pipelines Assets, a subsidiary of Milan-listed energy infrastructure company Snam (see here a previous post by BeBeez). A report of Mediobanca said that the transaction is worth in the region of 200 million euros, while the asset’s book value is of 135 million. Stefano Venier head Snam which owns 5.88% of ADNOC Gas Pipelines Assets. In 2020, the Italian company paid 250 million US Dollars and took part to a 10.1 billion deal for acquiring ADNOC with GIP-Global Infrastructure Partners, GIC, Brookfield Asset Management, Ontario Teachers’ Pension Plan Board, and NH Investment & Securities
LIFTT and Club degli Investitori said they sold its stake in Evergeen to pharma company Lantheus Holdings (see here a previous post by BeBeez). The transaction is worth 250 million US Dollars (239.6 million euros) with earn outs that can be worth up to 752.5 million US Dollars (721.2 million euros). Solomon Partners Securities, Cooley LLP e Ropes & Gray and Ernst & Young assisted Lantheus. Centerview Partners, Arps, Slate, Meagher & Flom, Lowenstein Sandler, and Grant Thornton Advisors advised Evergreen. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors LIFTT 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.
Sources said to BeBeez that Italian fashion firm Golden Goose Group sold a 12% to Hong Kong’s Blue Pool Capital (see here a previous post by BeBeez). Cordusio Fiduciaria and Carlyle are the further shareholders of the company which retained JPMorgan, Bank of America, Maisto & Associati, and Giliberti, Triscornia & Associati. Oliver Weisberg, the ceo of Blue Pool Capital, will join Golden Goose board.
Bologna Chamber of Commerce and Modena Chamber of Commerce acquired 9.99% of Milan-listed Aeroporto Guglielmo Marconi di Bologna from F2i (see here a previous post by BeBeez). BeBeez Private Data, the private capital database of BeBeez and FSI, monitors F2i 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
Phoenix International, an Italian industrial company for the aluminium sector that belongs to Ambienta since 2019, acquired the majority of the joint venture Phoenix Middle East (PME) that signed with an United Arab Emirates player, and purchased Polish Extrusion Dies Poland (EDP) (see here a previous post by BeBeez). Phoenix raised its 18% of PME. Ambienta acquired Phoenix from Chequers Capital which both the asset in 2015 from Opera and Quadrivio. Paolo Groff is the chairman and ceo of Phoenix which has sales of 110 million euros, an ebitda of 11.3 million and a net financial debt of 72.9 million. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Ambienta 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
Ourvita, an Italian producer of food integrators and medical devices that belongs to Investindustrial, acquired Laboratoria Natury, a Polish competitor (see here a previous post by BeBeez). The target has sales of 15 million euros. Ourvita has a turnover of 150 million. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Investindustrial 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
Silver Economy Fund, a vehicle of Quadrivio Group, and a group of co-investors acquired Mir (Medical International Research) from Aksìa (75%), Overseas Industries, Giovanni Carlino, Siro Brugnoli, and the management (see here a previous post by BeBeez). Roberta Di Pinto (ceo) and Adriano Mencarini (cto) will reinvest in MIR which has sales of 22 million euros. The vendors retained Baird Investment Banking, EY, EY Parthenon, Studio Legale Giliberti Triscornia e Associati, and RDRA. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Aksìa, Quadrivio 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
Sil Fim, an Italian producer of kitchen components that belongs to Ethica Global Investments, acquired Fabita Technology (see here a previous post by BeBeez). After such a deal, Sil Fim will have sales of 25 million euros. Fabita, a company in receivership, previously belonged to Stefano Molinelli (95%) and Walter Stark (5%). The target has sales of 2.7 million with an ebitda of minus 0.367 million and equity of 2.3 million. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Ethica Global 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
Archimed sold the majority of Diesse Diagnostica Senese Società Benefit, an Italian producer of medical devices, to Fremman Capital (see here a previous post by BeBeez). Massimiliano Boggetti, the target’s ceo, and the managers will keep a minority of the company. Edward Chandler is a founding partner of Fremman. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Archimed 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
Sources said to BeBeez that Anacap acquired 65% of Edge Group, an Italian distributor of insurance products, for undisclosed terms from the founder and ceo Manfredo Sciarretta (see here a previous post by BeBeez). Orrick and PwC Tls assisted the buyer, while PedersoliGattai, EpyonVivida and SRI Group advised the target. The sources also added that AnaCap in interested in further deals in the sector. Edge has a turnover of 3.8 million euros, an ebitda of minus 0.373 million and equity of 1.4 million.
Italian insurance broker Wide Group, a portfolio company of Pollen Street, acquired Geas Sanità from German Ecclesia for undisclosed terms (see here a previous post by BeBeez). Antonio Micalizzi and Alessandro Schmitt von Sydow head the target which has a turnover of 1.8 million euros, an ebitda of 0.492 million and net cash of 4.8 million.
Favillini Pharmaceutical Packaging Group, a portfolio company of Arcadia, acquired Italian competitor Interpack from Gpack, an asset of Oxy Capital and Pierpaolo Bramucci (5%) (see here a previous post by BeBeez). Crédit Agricole financed the transaction. Favillini retained CDI Global, Advant NCTM, New Deal Advisors, ERM, Studio Russo de Rosa. Interpack hired BonelliErede. Arcadia received assistance from Guido Belli, Stefano Piras and Valentina Fontanesi. Crédit Agricole appointed Simmons&Simmons. The target has sales of 6.3 million euros, an ebitda of 1.4 million and debts of 1.6 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.
