On 10 April, Thursday, Hong Kong-listed Prada said it signed a final agreement for acquiring Italian iconic fashion house Versace from NYSE-listed Capri Holdings (fka Michael Kors) for a cash and debt-free enterprise value of 1.25 billion euros (1.375 billion US Dollars) (see here a previous post by BeBeez). The vendor purchased the asset in 2018 for 1.83 billion euros, minus 31.69% of the amount it fetched with this sale. Prada and Capri will agree on the final cash payment for Versace at the closing that may take place in 2H25 upon the approval of regulatory authorities. Capri Holdings will finance part of the transaction costs for which the buyer received from BNP Paribas and Intesa SanPaolo a term-loan of one billion and a 500 million bridge facility. Prada received assistance from Citigroup, Goldman Sachs and Skadden, Arps, Slate, Meagher & Flom and said that said that such a deal will not have a relevant impact on its financial health. Capri Holdings retained Wachtell, Lipton, Rosen & Katz and Barclays.
Sources said to BeBeez that Sixth Street is close to acquiring a stake in the 2 billion euros enterprise value energy company that F2i is creating out of the merger of its portfolio firms EF Solare with Sorgenia (see here a previous post by BeBeez). F2i is also discussing with Intesa Sanpaolo, Mediobanca and UniCredit the refinancing of the companies 2 billion euros debt.
Portobello Capital hired Mediobanca for handling the sale of Italian producer of aerosol Farmol on the ground of a 200 million euros enterprise value (see here a previous post by BeBeez). Portobello Capital acquired Farmol in 2021 from Green Arrow Capital (70%) and the Innocenti Family with the lending support of Credit Agricole Italia. Eugenio de Blasio, the ceo of Green Arrow Capital, previously said to BeBeez that the fund called off the sale of Farmol in September 2019 for corona virus related turmoil. The target has sales of 193.3 million, an ebitda of 18.4 million and net debts of 23.5 million.
Retelit, an Italian tlc company that belongs to Asterion, is in exclusive talks for acquiring the Italian activities of UK peer BT that reportedly hired Jefferies as advisor (see here a previous post by BeBeez). The assets attracted the interest of TIM, Nextalia, Ultranet and Mutares. BT Italia has sales in the region of 300 million euros and net profits of 6.44 million
Finint Equity For Growth (Finint E4G), Silvio Negri & Co and ABC Company acquired Italian manufacturers of industrial components Tommasin Utensili and CUS Tools (see here a previous post by BeBeez). ABC Company invested 1.73 million euros for purchasing a 27.8% of the holding that will own the targets. Tommasin Utensili previously belonged to the Tommasin Family (70%) and Annalina Rizzi (30%) while CUS Tools was of ceo Mattia Raschetti. Finint retained EY, Pavia e Ansaldo, CBA Studio Legale e Tributario, and Villa & Partners. Tommasin Utensili hired Nima Advisory, Trivellato&Grespi and Colla Di Piazza. CUS Tools received assistance from Mario Medici and Alberto Agnelli. BCC Banca Iccrea financed the transaction and appointed Chiomenti.
Cotecna Certification Italia, a subsidiary of Swiss inspection and certification services provider Cotecna Inspection (a company of Frank Louis René Piedelièvre), said it acquired Italian competitor Suolo e Salute (see here a previous post by BeBeez). Previous owners Bruno Aprile (26%), Augusto Mentuccia (12%), Angelo Costa (11.2%), Alessandro D’Elia (10%), and other minority shareholders sold the target. Sébastien Dannaud is the ceo of Cotecna which retained Ughi e Nunziante and Studio Bogoni. The vendors received assistance from Leonardo Zanetti and Studio Giannelli.
Alessio Badia launced M&A platform company Gruppo WLAM for acquiring Italian cosmetics companies Madicos and We Make-Up (see here a previous post by BeBeez). Madicos previously belonged to its founders Giuliano Vailati Canta and Maria Carelli. Alessandro Vailati Canta (ceo) and production operations manager Roberta Zucchetti will keep their roles and receive the support of Claudio D’Alpaos as plant operation manager. The previous owners of We Make-up were the Chiesa Family (81%) and ceo Luca Rossetti (19%). Grant Thornton Financial Advisory Services, Leading Law and studio Commercialisti e Professionisti Associati assisted Gruppo WLAM.
ConformGest, a provider of post-sale services for second hand automotives that belongs to VAM Investments and the Pinzano Family, acquired Italian competitor Fidelitycar from Luca Monica and Barsanofio Re (see here a previous post by BeBeez). VAM received assistance from Dawan Corporate Finance, KPMG, Gatti Pavesi Bianchi Ludovici, and Molinari. Fidelitycar has sales of 1.7 million euros, an ebitda of little above 0.171 million and debts of below 0.346 million. The vendors retained Studio Broggini and Studio Legale Vagaggini. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors VAM 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.
Milan-listed tmt and IoT company Unidata said it launched Unifiber Italy after having merged tlc wholesale player ClioFiber and Unifiber which received in October 2024 a 10 million euros ESG-linked financing facility from Unicredit (see here a previous post by BeBeez). ClioFiber is a joint venture that Unidata signed with Connecting Europe Broadband Fund (CEBF), a vehicle of Cube Infrastructure Managers. Unifiber Italy will belong to CEBF (74%) and Unidata (26%). Chiomenti assisted Unidata and Unifiber, Gianni & Origoni advised CEBF. Unicreditretained Grimaldi Alliance. Renato Brunetti is the chairman and ceo of Unidata. Private Data, the private capital database of BeBeez and FSI, monitors Connecting Europe Broadband 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
Arcadia Sustainable Capital raised 100 million euros ahead of a 120 – 150 million target (see here a previous post by BeBeez). The fund attracted the resources of The European Investment Fund, Banco BPM, Banca Popolare di Sondrio, Anima, banking foundations, pension funds, HNWIs, family offices, and the management team that Guido Belli, Luca Ravano and Simone Arnaboldi. 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
Italian asset manager Soprarno, part of Banca Ifigest, acquired MIP-Milano Investment Partners from ACM-Angel Capital Management and rebranded the merged entity as L&B Capital which will have aum worth in the region of 2 billion euros and focus on energy transition and venture capital (see here a previous post by BeBeez). Angelo Moratti, who founded ACM with Paolo Gualdani, will be the chairman of L&B while becoming a shareholder of Banca Ifigest which will launch a capital increase for financing the deal. The closing is pending upon Banca d’Italia approval. Flavio Di Terlizzi is the cio of Soprarno. Gianni Bizzarri is the chairman of Banca Ifigest. Gianluca Gorlani is the ceo of MIP.
Matteo Dalla Montà is a new managing director of the Italian Financial Restructuring team of Houlihan Lokey (see here a previous post by BeBeez). Dalla Montà joined Houlihan Lokey Milan bureau in 2015.
