The auction for Genetic Group, an Italian pharmaceutical company that belongs to CVC (60%) and the Pavese Family, is gaining momentum (see here a previous post by BeBeez). BeBeez previously reported that the company attracted the non-binding offers of Charterhouse Capital Partners, Nb Renaissance and BCPartners on the ground of an enterprise value of 700 million euros (14X Ebitda).
Apollo Global Management reduced further its stake in Milan-listed gambling company Lottomatica Group from 41.9% to 31.6% through an accelerated bookbuilding procedure for institutional investors (see here a previous post by BeBeez). Apollo sold at 15,6 euros per share and fetched 405.6 million euros. The settlement may take place on 10 March, Monday. Apollo signed a 60 days lock-up agreement. Barclays, Deutsche Bank, Apollo Capital Solutions, Berenberg, BNP Paribas, BTIG, Goldman Sachs International, Jefferies, J.P. Morgan, Morgan Stanley, UniCredit, Siebert, and Latham & Watkins assisted Apollo.
Ourvita, a producer of food integrators and medical devices that belongs to Investindustrial, said it acquired Chinese CDMO Braveiy Biotechnology (see here a previous post by BeBeez). Sources said to BeBeez that the target has a 70 million euros turnover. Sagi Cohen is the ceo of Ourvita. Chen Bin is the founder of Braveiy Biotechnology. 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
Italian global strategic management consultancy firm BIP (Business Integration Partners), a portfolio company of CVC Capital Partners since June 2021 (see here a previous post by BeBeez), is attracting the interest of international private equity funds. Il Sole 24 Ore quoted Warburg Pincus, Apollo, PSP Partners, ICG, and Investcorp as some of the suitors. At the end of January 2025, press reports said that CVC hired Equita and Goldman Sachs as financial advisors for managing the sale process while potential buyers may table their non-binding offers by the end of March 2025. BIP was born in 2003 and now has 4500 workers worldwide and operates in 40 countries. Alberto Idone, ceo, leads the firm that in2024 generated a 600 million euros turnover. In the 12 months to end-September 2024, it already had pro-forma sales of 570 million, an adjusted ebitda of 98.4 million, and a net financial debt of 446 million for a 4.5X net leverage. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors CVC and their Italian investments and 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
CVC Capital Partners, PSP Investments, StepStone, and Alpinvest, the owners of 46.82% of Italian pharma company Recordati, tabled a bid for buying back the 1.85 billion euros bond that the company issued in 2024 (see here a previous post by BeBeez). The bidder will pay up to 501 million and the deadline for tendering the offer is 31 March, Monday. The 1 billion worth senior secured bonds paying a fixed rate coupon 6.75% and the 850 million liabilities with a coupon of 3M Euribor + 3.875% will mature in 2029.
Obsidian Capital (fka Fenera & Partners), a firm that Giacomo Stratta and Pietro Mazza Midana created in 2017, raised above one billion euros and appointed Niccolò Camerana as ceo (see here a previous post by BeBeez). Camerana previously worked a principal for Stellantis Ventures. The founders and managers acquired 90% of Obsidian from Fenera Holding and PKB Private Bank sa-Cassa Lombarda while Gruppo Sella has 10%. The firm recently signed a strategic partnership with Singapore’s asset manager Asia Heritage Management, part of Verse Holdings, which also owns Thrive Alternatives and Asense Technologies. Chris Lerner and Gianluca D’Angelo head Thrive Alternatives.
Fondo Sviluppo PMI 2, a vehicle that FVS manages, sold to Accenture its 31% of IQT Consulting (see here a previous post by BeBeez). Paolo Gasparetto, Alessandro Gasparetto, Sergio Sturaro, and Andea Cavecchia also sold their holdings. ADVANT Nctm, Studio Galgano, Dentons, Studio Collino – Serafini – Zuliani – D’Orlando, and Studio C&F Partners advised the vendors. Andrea Cavecchia is the ceo of IQT which has sales of 33.5 million euros, an ebitda of 7.3 million and a net financial debt of 6.5 million. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors FVS 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
In 2024, the Net Asset Value of Milan-listed Italmobiliare, the investment holding of the Pesenti Family, rose to 2.215,8 million euros or 52.4 euros per share (see here a previous post by BeBeez). The company will also pay a 0,90 euros dividend per share.
I-am, an Italian provider of services and solutions for Infrastructures Asset Management that belogns to Chequers Capital portfolio company Altea Federation, acquired Agisco, a competitor (see here a previous post by BeBeez). The target has a turnover of 1.5 million euros, an ebitda of 0.236 million and debts of 0.606 million. Franco Robotti is the ceo and former 60% owner of Agisco della società. Carmen Corsi had 40%. Domenico Andreis is the ceo & General Manager of I-am. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Chequers 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
Italy’s railways technologies company Mermec, a company that Vito Pertosa owns through Gruppo Angel, is holdong talks for selling a stake to CDP Equity (see here a previous post by BeBeez). Mermec has sales of 280.8 million euros, an ebitda of 15.1 million and net cash of 116.6 million.
Solarelit, a renewable energy company of which KKR porfolio company Greenvolt – Energias Renováveis has 37.29%, rebranded as Greenvolt Next Italia (see here a previous post by BeBeez).
Azzurra Capital reached an agreement for acquiring 8% of Nextchem, the Sustainable Technology Solutions subsidiary of Italian contractor Maire (see here a previous post by BeBeez). The investor paid 110 million euros on the ground of an enterprise value of 1.4 billion. Equita assisted Maire which will have 82% of Nextchem after such a deal. Yousef Al Nowais (5%) and Maire Investments (5%) will be the further target’s owners. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Azzurra 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
Sources said to BeBeez that Silver Economy Fund of Quadrivio Group received the financial support of Banco BPM for acquiring a 70% of Biotec Italia, a producer of tech items for the cosmetic surgery, from the ceo Fulvio Antonio Ferrari (former 47.5% owner), Francesco Piovan (47.5%) and Franco Veneziale (5%) which will now keep 30% of the company (see here a previous post by BeBeez). Silver Economy Fund retained PwC, Kearney, Russo De Rosa Associati, and Chiomenti. The vendors hired Studio Savio, Studio Zattera, Galbiati Sacchi Lamandini e Associati, and Studio Ricci e Radaelli. Biotec Italia has sales of 16 million euros, an ebitda of 1.8 million and net cash of 2.3 million.
CVC Capital Partners and CDP Equity acquired 10% of system integrator Maticmind from Carmine Saladino who made his exit from the firm (see here a previous post by BeBeez). CDP Equity will now have 18% of Maticmind whose 82% belongs to CVC. The buyers received assistance from PedersoliGattai and FRM Tax. Saladino retained BonelliErede and Banca Mediolanum. Maticmind has sales of 448 million euros with a 51 million ebitda.
Blu-H Energy and the Core Infrastructure unit of UK asset manager abrdn acquired a biogas plant in Mantova area from Fri-El Green Power (see here a previous post by BeBeez). EY and Green Horse Advisory assisted the buyers.
Milan-listed private equity and private investments in public equity (PIPE) player Smart Capital rose to 4.542% its indirect ownership in ALA, a provider of integrated logistics services and distribution of products and components for the aerospace industry (see here a previous post by BeBeez). Andrea Costantini is the chairman and ceo of Smart Capital, while Andrea Faraggiana is the firm’s managing partner and coo. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Smart 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
Francesco Sogaro joined Ambienta as senior advisor for the firm’s small cap strategy (see here a previous post by BeBeez). Sogaro previously worked for NB Renaissance. 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.
