In 2024, private equity funds closed 588 deals in Italy (549 in 2023), BeBeez Private Data Private Equity 2024 Report says. The item is available for the subscribers to BeBeez News Premium and BeBeez Private Data. BeBeez Private Data is the private capital database of BeBeez and FSI that monitors private capital firms and their investments. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
Lone Star signed an agreement for acquiring RadiciGroup’s units for Specialty Chemicals and High Performance Polymers with a transaction worth one billion euros (see here a previous post by BeBeez). The units have aggregate sales of 800 million. The Radici Family will retain the control of the Advanced Textile Solutions units that has a 300 million turnover. Angelo Radici and Maurizio Radici are the majority owners of RadiciGroup which retained Mediobanca, PedersoliGattai and Studio Rondini.
FSI is close to acquiring 64.68% of Italian food company Casalasco from QuattroR with a deal worth 500 million euros (see here a previous post by BeBeez). Flavio Valeri is the chairman of QuattroR that could reinvest in the business. Vitale is advising the vendors. Maurizio Tamagnini is the ceo of FSI which also said it raised 1.6 billion from institutional investors overachieving the 1.5 billion target. Barnaba Ravanne is the firm’s chief investment officer and co-managing partner. (see here a previous post by BeBeez) BeBeez and FSI launched BeBeez Private Data, the database of private capital firms and their investments. 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 acquired Aquardens, an Italian spa park, from the Zuliani Family (see here a previous post by BeBeez). Previous press reports said that the buyer tabled a 110 million euros bid for the asset and outbeaten Alto Partners 90 million offer. Eurazeo retained BonelliErede while Imi Intesa SanPaolo assisted the vendors.
TeamSystem, a tech company that belongs to Hellmann&Friedmann, HG Capital, Silver Lake Partners, ADIA, and Alphabet CapitalG acquired Spain’s Golden Soft and French Clémentine without disclosing further details (see here a previous post by BeBeez). TeamSystem retained KPMG for both deals. The buyer hired Garrigues for acquiring Golden Soft and Herbert Smith, OC&C, Strata Technology Partners for the purchase of Clémentine. Golden Soft appointed Norgestión while Clémentine hired McDermott Will & Emery, Maier & Martinez and Bullit.
Sources said to BeBeez Italian temporary management firm TIM Management acquired Contract Manager and created a 7 million euros turnover company (see here a previous post by BeBeez). Domenico Costa is the chairman of TIM Management. Gabriele Aldeghi will act as ceo of the new company.
HCP Fastener Holding, a platform company that belongs to Harcos Capital Partners (HCP) since 2023, acquired Italian competitor Dell’Era Ermanno e Figlio from Paolo Dell’Era (33%), Nicola Dell’Era (33%) and Renato Dell’Era (34%) (see here a previous post by BeBeez). The vendors will reinvest for a minority. Harcos Capital Partners received assistance from DEinternational Italia, Giovannelli e Associati, and Athena Professionisti e Consulenti Associati. Dell’Era Ermanno e Figlio retained Nicola Oppio, Paolo Martinelli and Campa Avvocati. The target has sales of 6.5 million euros, an ebitda of 1.3 million and net cash of 2.4 million.
Milan-listed software house FOS attracted a delisting offer from Audensiel sas, a French portfolio company of Sagard and Capza that is receiving the financial support of private debt Ardian (see here a previous post by BeBeez). Audensiel reached an agreement with BP Holding (Enrico Botte and Gian Matteo Pedrelli even owners) and Brunello Botte for acquiring 54.43% of FOS at 3.52 euros per share or 13.1 million euros. Audensiel retained Clairfield International, Equita Mid Cap Advisory, BonelliErede, and Nexia – Audirevi. BP Holding, BB Holding, Gian Matteo Pedrelli, Enrico Botte, and Brunello Botte received assistance from Clearwater and LCA Studio Legale. Gian Matteo Pedrelli and Enrico Botte will keep their ceo role and will implement investments worth up to 30 million.
Fondo Italiano d’Investimento said it raised 230 million euros ahead of a 600 million target for Fondo di Fondi Private Equity Italia Tre ( (FOF PEI Tre) (see here a previous post by BeBeez). BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Fondo Italiano di Investimento 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
BioDue, an Italian maker of nutraceutical products and medical devices that belongs to The Riverside Company, acquired Healthea Licensing from BMG Pharma (see here a previous post by BeBeez). Portolano Cavallo, assisted BioDue. Giovannelli e Associati and Kludon advised BMG Pharma. Todeschini & Bastrenta acted as public notary. BMG Pharma has sales of 4.8 million euros, an ebitda of minus 1.7 million and a net financial debt in the region of 3 million euros. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors The Riverside Company and its Italian 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
Sustainable Securities Fund (SSF), a vehicle that Alternative Capital Partners (ACP) manages, said it will invest in Energethica Favria spv for supporting the development of a biomass plant in Turin area with a power of 250 smc/h (see here a previous post by BeBeez). MondoPower, an Italian contractor, is the target’s majority owner and belongs to Emanuele Mario Buscaglione, Gennaro Maria Fabbrocino, Holeis, and Giacomo Occhilupo (25% each). The plant’s development requires a 10.3 million euros worth investment and SSF will pour up to 3.6 million in subordinated debt and minority equity. BCC Banca Iccrea and Banca D’Alba provided a green loan – project finance facility of 5.8 million. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Sustainable Securities 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
Oltre Impact paid 5 million euros for the majority of Accadueo Impianti, a company for the treatment of industrial waters, from Immobiliare Bertolini, a firm of the De Longhi Family that reinvested for a minority (see here a previous post by BeBeez). Dino De Longhi will keep heading Accadueo and support Oltre Impact for the creation of an excellence pole for the treatment of industrial waters. Volksbank financed the tranceacion with a 4 million loan. Oltre Impact retained BonelliErede, Deloitte, Fortlane Partners, and ERM. Accadueo received assistance from Grimaldi Alliance, Studio Fiabane and Rossini Advisory. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Oltre Impact 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
Intesa SanPaolo retained ADVANT Nctm for financing Immersive Parks, a portfolio company of Magnetar Capital that owns the Turin’s biopark Zoom, acquired Verona-based Parco Natura Viva and created Openature, a pole with aggregate sales of above 30 million euros (see here a previous post by BeBeez). The Avesani Family sold the asset and hired Fratta Pasini & Associati, Studio Legale Dindo, Zorzi & Associati, Studio Legale Devoto–Curi–Corbioli, Paolo Mastropasqua, and Marco Filippini. BonelliErede, belab, LabJus, Pirola Pennuto Zei & Associati, and CFI Italy – Anteos assisted Zoom. ZNR Notai acted as public notary. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Magnetar 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
Nextalia Capitale Rilancio said it raised 265 million euros for equity and hybrid instruments investments in Italian mid-market firms that are in temporary distress (see here a previous post by BeBeez). The fund also acquired the Italian chain of veterinary clinics Ca’ Zampa from G Square Capital Healthcare Private Equity.
AVM acquired the majority of Gruppo Bracca-Pineta, an Italian mineral water company, and received the financial support of Banco BPM, Intesa Sanpaolo, BPER Banca, Cassa di Risparmio di Fermo, Iccrea Banca, Banca di Credito Cooperativo di Milano S.C., Banca del Fucino, Tenax Capital Limited, and Finint Investment (see here a previous post by BeBeez). Alexa Invest, Gruppo Alfano Holding, Aretusa, Alberto Bombassei, Vitaliano Borromeo, Banca Ifis, Massimo Moratti Sapa, and Gruppo Som also invested in the target and acquired the stakes of the Bordogna and Ghisalberti Families. AVM received assistance from Appeal Strategy & Finance, Hoshin Corporate Finance, Pedersoli Gattai, LCA Studio Legale, and KPMG. Gruppo Bracca-Pineta retained Roberto Perego, Studio Agaf and Marco Costaguta. RF Notai acted as public notary. The target has sales of 23.2 million euros, an ebitda of 5.9 million, net profits of 5.3 million and net cash of 3.3 million.
Argea, an Italian wine maker that belongs to Clessidra Private Equity, signed a bonding agreement for acquiring US importer WinesU (see here a previous post by BeBeez). Ernst & Young and Raines Feldman Littrell assisted the buyer. Hogan Lovells advised WinesU which has sales in the region 35 million euros.
Facile.it Broker di Assicurazioni, a market place for utilities and retail financial services that belongs to Silver Lake Partners and Oakley Capital, acquired Italfinance Holding, a credit broker (see here a previous post by BeBeez). The target previously belonged to Emilio Panzeri (40%), Carlo Olivetti (35%), Maria Rosa Folcio (20%), and Roberta Castelnuovo (5%). Vitale&Co assisted the vendors. Sources said to BeBeez that Italfinance has a turnover of 22 million euros.
LMDV Capital, the single-family office of Leonardo Maria Del Vecchio, launched LMDV Hospitality Group through which it acquired Italian luxury leisure brand Twiga from Flavio Briatore (see here a previous post by BeBeez). LMDV retained PwC and Pedersoli Gattai while the vendors received assistance from EY and BonelliErede.
Save, the company that manages the airports of Venice, Treviso, Verona, and Brixia and that owns a relevant stake in Belgium’s Charleroi, is of interest to Ardian which aims to acquire a stake of 88% from Infravia and Dws (see here a previous post by BeBeez). Finint has 12% of the target.
Italian baked food company Sipral Padana, an asset of Bravo Capital Partners, said it acquired Italy’s Marcagel, a producer of ingredients for ice creams, and soft drinks maker Effedue (see here a previous post by BeBeez). VGN Lex assisted Banco BPM which financed the transaction with a Sustainable Linked Loan whose interest payments will lower upon the achievement of KPI ESG targets. Sipral received assistance from Advant NCTM, Epyon, Becap, BF& Company, Deloitte and public notary Pantè. Marcagel retained Archeide SCF, SLC studio legale Campoccia Avvocati Associati and Pucher Zara & Partners. Effedue hired Areté, Studio Catenacci and Skema. Gianpietro Corbari is the ceo of Sipral which has sales of 65 million euros and an ebitda of above 12 million.
Giuseppe Zanotti acquired a 30% of the eponymous luxury shoe maker from L Catterton which invested in the asset in 2014 (see here a previous post by BeBeez). The buyer is now the sole owner of Giuseppe Zanotti which has sales of 69.7 million euros and an ebitda of minus 10.5 million. Press rumours said that in Aprile 2022 the company hired Lazard for selling the stake of L Catterton and eventually a majority.
Italian executive interim management firms Duke&Kay and STM – a Valtus Company merged (see here a previous post by BeBeez). Roberto La Caria is a managing partner of STM Valtus. Maurizio Ria is a managing partner of Duke&Kay.
