On 3 April, Thursday, Italian Di Luccia & Partners Executive Search launched Di Luccia Investment Club for allowing managers and private equity investors (see here a previous post by BeBeez). Milan public notary Giovannella Condò registered the firm that Domenico Di Luccia, managing partner of the eponymous head-hunting firm, founded in partnership with BeBeez, see the portal. The 12 members Investment Committee are Di Luccia, Orio Pontiggia, Pierluigi Borlè Gioppi, the head of Banca Profilo club deal unit ; Paolo Gallotti, Fabrizio Nisii, Christian Christodulopulos, Silvia Pugi, Georgiana Ion, Massimiliano Rubin, Mauro Milillo, Fabio Allegreni, ceo of EdiBeez, the publisher of BeBeez, and Giovanni Di Luccia (secretary).
Milan-listed energy giant Eni aims to sell a further 15% of its B-Corp subsidiary Plenitude on the ground of an enterprise value of 12 – 13 billion euros (see here a previous post by BeBeez). The asset already attracted the interest of Apollo Global Management, Ares Management Corp. and Stonepeak.
French media giant Vivendi sold for 684 million euros its stake in Milan-listed TIM to Poste Italiane that now has 24.81% of the target (see here a previous post by BeBeez). The parties will close the deal once received the authorization of Italian antitrust. Poste Italiane ceo Matteo Del Fante said that the company is not going to raise to 30% its holding in TIM as it doesn’t aim to launch a delisting offer.
Kering Eyewear acquired Visard and a minority of Mistral ahead of taking over the business in 2030 (see here a previous post by BeBeez). Erminio Lanzi and Angelo Stramare sold a stake in Mistral and Visard which has sales of 17.6 million euros, an ebitda of 2.7 million and net cash of 2 million. Roberto Vedovotto is the founder, chairman and ceo of Kering Eyewear.
Investindustrial acquired the majority of aerospace components manufacturer Gruppo Logic from the Foresio Family (see here a previous post by BeBeez). Fabrizio Foresio, chairman, Alessandro Franzoni, ceo, and the managers will keep leading Logic which has sales of 25.1 million euros, an ebitda in the region of 0.58 million and net debts of 5.9 million. Andrea C. Bonomi heads the Advisory Board of Investindustrial which raised 4 billion, above the 3.75 billion target, for its VIII Fund (see here a previous post by BeBeez). Investindustrial ha ricev 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
Italgas received the Golden Power, Foreign Subsidies Regulation and antitrust authorization for completing the acquisition of 2i Rete Gas from F2i (64%) and Finavias, a vehicle that belongs to APG Asset Management (62%) and Ardian (al 38%) (see here a previous post by BeBeez). The deal’s equity value amounts to 2.0719 billion euros. Intesa SanPaolo, Cleary Gottlieb Steen & Hamilton, Studio Di Tanno in qualità di advisor fiscale. Intesa SanPaolo, UniCredit, Mediobanca, BNP Paribas, Cleary Gottlieb Steen & Hamilton, Rothschild & Co, Studio Di Tanno, and Studio Chiomenti assisted F2i and Finavias. JP Morgan, Legance and Foglia&Partners advised Italgas for which Paolo Gallo acts as ceo.
As BeBeez reported in February, QuattroR signed a binding agreement for selling its 64.68% stake in Italian food company Casalasco Agricola to FSI (si veda altro (see here a previous post by BeBeez). Vitale & Co., Unicredit, Gatti Pavesi Bianchi Ludovici, and Talea assisted the vendors. FSI ceo Maurizio Tamagnini said that the fund will invest up to 200 million euros in the company’s international expansion and M&A ahead of achieving a turnover of 1.5 billion. Casalasco has sales of 405.8 million, an ebitda of 42.9 million and net debts of 166.1 million.
Banco BPM and Unicredit supported Investcorp with a senior facility for the acquisition of Italian fintehc Epipoli while Tages Credit, part of Tages Capital, provided a mezzanine financing sgr (see here a previous post by BeBeez). Fineurop Soditic and ADVANT Nctm advised Investcorp. Greenberg Traurig advised Tages Capital while UniCredit and Banco BPM retained Dentons. Bregal Milestone and Gaetano Giannetto sold the majority of Epipoli which has a turnover of 400 million euros. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Tages Capital, Investcorp 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
Chequers Capital acquired a controlling stake in Gourmet Italian Food from Alcedo (57.9%) and other minority shareholders (see here a previous post by BeBeez). Dawan Corporate Finance, Spayne Lindsay & Co, Bonelli Erede, Gianni & Origoni, Pwc, and Fortlane Partners assisted the vendors. Advant Nctm, Deloitte, Accenture, and Banca Akros advised Chequers. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Alcedo, Chequers and their 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
Nasdaq – listed Westport Fuel Systems signed a binding agreement for the sale of Westport Fuel Systems Italia to The Netherlands’ Heliaca Investments Coöperatief, a portfolio company of Ramphastos Investments Management, for 73.1 million US Dollars and potential earnouts of up to 6.5 million (see here a previous post by BeBeez). Gianni & Origoni, NautaDutilh and Wardinsky assisted the buyers. Westport Fuel Systems retained Delfino e Associati Willkie Farr & Gallagher, Bennett Jones, EY, and JP Morgan
DD Group, a producer of items for the dentistry sector that belongs to Sun Capital Partners, acquired Eli Dent from the Salvi Family which retained Studio Gualdani,Andersen M&A Advisory and M&A Legal (see here a previous post by BeBeez). Giliberti Triscornia e Associati and EY assisted DD Group which has sales of 22.3 million euros, an ebitda of 1.6 million and net cash of 1.4 million.
Polygon, a medical devices producer that belongs to HIG Capital since 2022, acquired the majority of HCE Healthcare Consulting & Engineering from the Melfi Family (55%), Adalgisa Vella (35%), Brunella Cuomo (5%), and Claudio D’Elia (5%) (see here a previous post by BeBeez). HCE has sales of 1.9 million euros and an ebitda of 0.133 million. Angelo Maresca is the ceo of Polygon.
Tikedo, an Italian lables producer that belongs to White Bridge Investments, said it acquired Estilita, a Lithuanian competitor (see here a previous post by BeBeez). Raimondas Krasauskas is the ceo of Estilita which has sales of 4.4 million. 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
Riello Investimenti Partners hired Case Cassiopea for handling the sale of its 73% of FoodNess, an asset that acquired in 2019 (see here a previous post by BeBeez). The Lusetti Family (11%), Paolo Fermi (11%) and Alberto Andrei (5%) are further shareholders of the target which has sales of 23.8 million euros, an ebitda of 2.7 million and a net financial debt of 10.9 million. Riello said to BeBeez that it attracted the resources of Italian pension funds Enpaia Gestione Separata dei Periti Agrari and Fon.Te for Linfa, a growth capital investor for the agrifoodtech sector that has raised 63 million ahead of a target of 80 – 100 million and secured the money of The European Investment Fund, Enpacl, Inarcassa, Fondazione Cassa di Risparmio di Pistoia e Pescia, family offices, and other LPs (see here a previous post by BeBeez). Bernardino Lattarulo is the coordinator of ENPAI. Maurizio Grifoni is the chairman of Fon.te. Mauro Odorico is a partner of Linfa, an impact fund that aims to allocate at least 60% of its capital to companies that have developed businesses that have a positive, verifiable and measurable environmental impact. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Riello Investment Partners 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
Kobo Ventures, an Italian advisory firm that Alessandro Tosi, Claudio Vaccaro and Lars Spannenburg created, launched Scala, an Eltif private equity for the Italian mid-market that aims to raise 50 million euros (see here a previous post by BeBeez). The vehicle will target companies with a turnover of 5 – 15 million.
Milan private club The WIlde, a company of chairman Gary Landesberg and The Three Hills, attracted the investments of US Roc Nation, an entertainment agency that Jay-Z, Jay Brown, Tyran “Ty Ty” Smith, and Rihanna Fenty created (see here a previous post by BeBeez).
Number 1 Logistics Group acquired Italy’s activities of FM Logistic in Vellezzo Bellini (Pavia), Capriata d’Orba (Alessandria), Santa Palomba (Rome), Pieve Emanuele (Milan), and Lentigione (Reggio Emilia) (see here a previous post by BeBeez). Grant Thornton advised the buyer while EY assisted FM Logistic for which Jean-Christophe Machet acts as ceo. Number 1 Logistics belongs to Giampaolo Calanchi, Renzo Sartori and Davide Villani. Sante Maiolica is Grant Thornton head of M&A in Italy.
Paolo Ceretti, the former ceo of DeA Capital, will be the chairman of Italian publisher Gruppo GEDI, a company of Amsterdam-listed EXOR, the investment holding of the Elkann Family (see here a previous post by BeBeez). Ceretti will replace Maurizio Scanavino
Paris-based Andera Partners, a private capital firm with 4.2 billion euros of aum, promoted head of Italy Francesco Gonzaga as partner; Carlo Cartapani as Investment Director of Andera Midcap, and hired Filippo Alberti as head of Investor Relations for Italy and Southern Europe (see here a previous post by BeBeez). BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Andera Partners 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
