Sparkle, an IT company that belongs to Milan-listed TIM, accepted a 700 million euros binding bid from MEF-Ministry of Economy and Finance (70%) and Asterion Industrial Partners portfolio company Retelit (30%) (see here a previous post by BeBeez). BeBeez data say that TIM will cash a capital gain of 219 million. TIM received assistance from Vitale & Co, Goldman Sachs, Mediobanca, Gatti Pavesi Bianchi Ludovici, Equita, and Umberto Tombari.
Poste Italiane is mulling for acquiring 9.81% of Milan-listed TIM from CDP which currently owns 35% of the asset (see here a previous post by BeBeez). The stake is worth above 450 million euros. Iliad and CVC Capital Partners are reportedly interested in 23.75% stake that Vivendi, the Paris-listed media giant, owns in TIM.
Belgium’s food company Vandemoortele is close to acquiring Italian backed snacks producer Lizzi from Sammontana, a portfolio company of Investindustrial (see here a previous post by BeBeez). Alessandro Angelon is the ceo of Sammontana that needed to sell Lizzi for antitrust reasons after having acquired Forno d’Asolo from BC Partners.. 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
Eurazeo is close to acquiring Aquardens, an Italian spa park, from the Zuliani Family for 110 million euros (see here a previous post by BeBeez). The asset reportedly attracted the interest of Alto Partners whic tabled a 90 million bid. Eurazeo retained BonelliErede while Imi Intesa SanPaolo is assisting the vendors.
Marguerite said it acquired 45% of Italian ICT company FibreConnect from Infrastrutture per la Crescita ESG, a vehicle that Azimut Libera Impresa manages, (see here a previous post by BeBeez). The vendor will keep a 55% stake in the business for which Giovanni Cialdino acts as cfo. Andrea Cornetti is the ceo of Azimut Libera Impresa RE & Infrastrutture. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors FibreConnect, Infrastrutture per la Crescita and 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.
Finlogic, an Italian smart labels producer that Credem Private Equity, NB Aurora and PM&Partners, acquired Italian competitor Vignoli Graf from Annamaria Bazzocchi (54.49%), Caludio Nanni (18.72%), Daniele Pini (8.4%), Edoardo Zavatti (8.4%), ceo Andrea Canini (8.32%), and Alberto Berti (1.66%) (see here a previous post by BeBeez). Vignoli Graf’s management teal will remain in charge. Ethica Group assisted Finlogic. The target has sales of 4.2 million euros, an ebitda in the region of 0.64 million and net cash of one million.
Everton, an Italian soft drinks producer that belongs to Clessidra Private Equity since 2023, acquired US competitor Eastern Tea from the Barbakoff Family (see here a previous post by BeBeez). Spayne Lindsay and Chiesa Shahinian & Giantomasi PC assisted the vendors. KPMG and Pellegrini Mendoza LLP advised Clessidra. Federico Dodero is the ceo of Everton. Rebecka Swenson is a managing director of Clessidra. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Clessidra 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 labels maker Tikedo, a portfolio company of White Bridge Investments, said it acquired the majority of the competitor Editrice L’Immagine from Stefano Salvemini and Gaetano Armenio that will keep a minority of the business and their management role (see here a previous post by BeBeez). After such a deal, the buyer will have sales of 65 million euros. Tikedo received assistance from Alma LED, Athena and Proj.Eco. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors White Bridge 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.
Ambienta‘ ‘s Frigoveneta said it acquired Mercuri Angelo Frindes, an Italian producer of centralized refrigeration systems fro Ivan Mercuri, Stefano Mercuri and Mauro Mercuri that will reinvest in the business (see here a previous post by BeBeez). Mediolanum Investment Banking assisted the vendors. Mercuri has sales of 9.3 million euros, an ebitda of 1.3 million and net cash 6.2 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.
Aquanexa, the water sector platform company of Algebris Green Transition Fund, acquired Pipecare, Dinamica Project, Abitat SIT, T&A, and an undisclosed target (see here a previous post by BeBeez). Aquanexa received assistance from Finerre, Epyon, AndPartners Tax and Law Firm, and Grimaldi Alliance. Pipecare retained Simmons&Simmons. Dinamica Project hired Novance and Deloitte Legal BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Algebris Green Transition Fund 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.
EOS IM raised 80 million euros for EOS Next Transition Fund II SIcav RAIF ahead of a target of 150 million (hard cap of 250 million) (see here a previous post by BeBeez). Gatti Pavesi Bianchi Ludovici, Gianni & Origoni and GSK-Stockmann advised EOS which attracted the resources of the European Investment Fund (EIF) and other institutional investors. Marco Marrone is the chief investment officer of EIF. Riccardo Bruno, Gianni Galasso, Marianna Castiglioni, Francesco Caio, Domenico Ruggiero, Stefano Rettore, and Jacopo Fornaciari will lead the vehicle. Natalino Mongillo is the founder and group managing partner of EOS IM. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors EOS IM 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
IBL Banca is close to acquiring Creditis Servizi Finanziari, an Italian consumer credit company that belongs to Chenavari Credit Partners (80.1%) and Carige (see here a previous post by BeBeez). The vendor fund acquired the asset in 2019 for 69.3 million euros. The parties need to receive the authorization of Banca d’Italia for closing the deal. IBL Banca received assistance from Kitra Advisory and Legance. Managers, Greenberg Traurig Milano, Studio Tremonti, UniCredit, and Stephens advised Chenavari Investment. Mario Giordano is the ceo of IBL Banca.
Innova Investments, a club deal platform, said it acquired the majority of ILC, an Italian producer of industrial components, from the founders Graziella Morelli and Maurizio Morelli (see here a previous post by BeBeez). The vendors will keep a relevant minority and their management role. Banco BPM and Azimut Investments financed the transaction and retained Orrick, Herrington & Sutcliffe. Innova Investments received assistance from OC&C Strategy Consulting, Advant NCTM, Grant Thornton Financial Advisory Services, Essentia. Giulio Montanaro acted as public notary. PWC, Studio Fusi e Associati and Andrea G. Bertacchi assisted the vendors. ILC has sales in the region of 26.5 million euros (60% export), an ebitda of 7.3 million (29% ebitda margin), net cash of 1.5 million, and equity of 18.9 million. The company aims to grow through acquisitions. Innova Investments belongs to Paolo Ferrario, Marco Costaguta and Stefano Proverbio. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Innova 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
Klinicy, an Italian network of cosmetic surgery firms, said it acquired Italian competitor Alta Clinic from even stakes vendors Giorgia Grendanin, Cristiano Pagnoncelli, Massimo Pagnoncelli, Armando Zonca, and Giovanni Zonca (see here a previous post by BeBeez). Grendanin will keep her management role. Alisea Corporate Finance and LCA acted as deals advisors. Alta Clinic has sales ob above one million euros. Klinicy belongs to ceo Giulio Accornero (66.95% ) and other members of his family. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors several private equity-backed cosmetic surgery firms. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
PSG Equity acquired 60% of Libraesva, an Italian provider of email security solutions, from Paolo Frizzi (previously 95% owner that now has 40%) and Federico Alpe (5%) which received assistance from Equita Midcap Advisory (see here a previous post by BeBeez). Press reports said that PSG acquired the asset on the ground of an enterprise value of 45 – 50 million euros. Libraesva aims to carry on acquisitions in USA, Spain, Germany, and Asia.
Nuova Pasquini & Bini, a producer of regenerated plastic pots that belongs to Entangled Capital, acquired Centroplast, an Italian competitor (see here a previous post by BeBeez). The buyer has sales of above 25 million euros.
NB Renaissance appointed Giovanni Camisassi and Emanuele Vignoli as managing director and Dik van Lomwel as strategic partner for the international development (see here a previous post by BeBeez). Camisassi, partner, joined NB Renaissance in 2015 and previously worked for Société Générale and Ernst & Young. Vignoli, partner, previously worked for Intesa SanPaolo. Van Lomwel, strategic partner, is an alumnus of Lehman Brothers, Ubs, Hoare Govett, and Abn Amro.
