IDV-Iveco Defence Vehicles, a subsidiary of Exor’sItalian automotive Iveco Group, is attracting the interest of global trade buyers and financial investors that may carry on a deal worth 1.3 – 1.5 billion euros (see here a previous post by BeBeez). Leonardo-Rheinmetall, Indra, Bain Capital, KPS, and Czechoslovak Group (CSG) reportedly tabled a non-binding bid for IDV which has sales of 1.13 billion and operative profits of 113 million. Olof Persson is the ceo of Iveco that aims to focus on its core business of commercial vehicles and innovation in the truck sector. Michal Strnad heads CSG which reportedly acquired Fiocchi Munizioni and Armi Perazzi. However, analysts of Equita said that golden power issues may arise for the sale of IDV.
Sources said to BeBeez that L’Isola dei Tesori, a vendor of pet products of which Peninsula Capital has 75% since 2020, is of keen interest to Sonae, a Portuguese retailer (see here a previous post by BeBeez). Peninsula hired Bank of America Merrill Lynch, Goldman Sachs and Mediobanca for handling the sale of the company that has revenues of 265.9 million euros, an ebitda of 25.3 million and net debts of 40.1 million.
GAPMED, a provider of services and solutions for the healthcare sector, invested in Demetra an Italian competitor with the support of private equity Route Capital Partners (see here a previous post by BeBeez). GAPMED aims to create a group of 30 clinics by 2027. The transaction with Demetra is worth 6.5 million euros (a 4 million capital increase and 2.5 million in cash). Domenico Bruno Pagano heads GAPMED Italia. Giuseppe Altieri is a co-founder of Route Capital Partners. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Route 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
Ambienta’s Cap Vert Group, a French provider of gardening services, acquired Bernard Bois, a French producer of garden furniture (see here a previous post by BeBeez). The target has sales in the region of 10 million euros. Gwenaëlle Le Ho Daguzan is a Partner of Ambienta. Eric Girot is the ceo of Cap Vert. 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
Rothschild is assisting London-listed 3i for the sale of a 25% of Herambiente, an Italian waste management company of which multiutility Gruppo Hera owns the majority (see here a previous post by BeBeez). Lazard is advising Hera which is appraising whether to buy the minority of the waste manager or selling the comany which has sales of 254.7 million euros. In 2016, 3i, APG and ATP paid 36 million GBPs for acquiring 25% of Herambiente from Eiser Global Infrastructure Fund that sold a portfolio of infrastructure investments that also included Belfast City Airport, East Surrey Pipelines and other assets in Spain.
F2i, the Italian infrastructure investor that Renato Ravanelli heads, merged its portfolio companies Fhp Holding Portuale and Compagnia Ferroviaria Italiana (CFI) for creating an operator of maritime-land bulk logistics (see here a previous post by BeBeez). CFI has sales of 83.2 million euros, an ebitda of minus 6.9 million, net debts of 32.6 million, and equity of 36.3 million.
Belgium’s Unifly, an operator in air traffic management of unmanned aircraft systems that belongs subsidiary of Tokyo-listed Terra Drone Corporation, acquired Italian Euro USC Italia from Filippo Tomasello (30%) and Deep Blue (70%) (see here a previous post by BeBeez). Euro USC Italia has sales in the region of 0.76 million euros, an ebitda of 0.233 million and net cash of 1.6 million. Andres Van Swalm is the ceo of Unifly. Marco Ducci is the ceo of EuroUSC Italia.
Renaissance Partners and Aurora Growth Capital (fka NB Aurora) signed a binding agreement for acquiring Italian healthcare company Genetic from CVC Strategic Opportunities (60%), Rocco Pavese, Francesco Pavese and Francesca Pavese (see here a previous post by BeBeez). The Pavese Family will reinvest for a 50% of the asset. Blackstone and CVC Credit will finance the transaction and will receive assistance from GattaiPedersoli. Renaissance and Aurora retained Mediobanca, BNP Paribas, JPMorgan, Vitale, Gatti Pavesi Bianchi Ludovici, Paul Weiss, Boston Consulting Group, IQVIA Italia, Deloitte, EFESO, and EY. The Pavese Family hired Alma LED while CVC appointed PedersoliGattai, Rothschild & Co., FRM Tax, BCG, and PWC. Genetic has sales of 106 million euros, an ebitda of above 41 million and a net financial debt of little below 48 million.
IGI Private Equity raised 133 million euros for IGI Transizione Sostenibile ahead of a 250 million target (see here a previous post by BeBeez). Matteo Cirla is the ceo of IGI.
Italian search fund Vesta Capital, a vehicle that Francesco D’Egidio and Massimo Piovesana created, completed its fundraising (see here a previous post by BeBeez). Piovesana said to BeBeez that the company will invest in Italian SMEs that have not yet expressed their full potential. Vesta Capital received assistance from Gatti Pavesi Bianchi Ludovici while Agostini Chibbaro Garofalo Zona acted as public notary. Vesta Capital attracted the resources of Search Fund Club (SFClub), a vehicle that Enrico Arietti and Riccardo Triolo created in 2020, Search Capital Partners, an investment holding of Giacomo Andreoli and Luciano Avanzini, Istria Capital, JB46, ONEtoONE Asset Management, Vito Giurazza, Alexander De Luca, Paolo Guida, Leonardo Valenti, Davide Ciattoni, and Biagio De Marinis. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors the search funds that operate in Italy 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
Italian search fund Alino investments, a vehicle that McKinsey & Company alumnus Giorgio Ranza created, is looking for an Italian company with a 6 million euros ebitda (see here a previous post by BeBeez). Ranza said to BeBeez that the fund will act with a patient capital approach. Alino attracted the resources of Relay Investments, Istria Capital, Kinderhook Partners, ONEtoONE Asset Management, Vonzeo Capital, and Orca Capital Partners. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors the search funds that operate in Italy 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
Italy’s Consulbrokers, a portfolio company of JC Flowers, will launch a 100 million euros capital increase (see here a previous post by BeBeez). Antonio Perretti, Maurizio Fiore, Alfredo Amato, and Egidio Comodo founded Consulbrokers in1988. The firm is interested in growing through M&A and generating sales of 100 million with brokered premiums of over one billion.
Orienta Capital Partners, a subsidiary of FARO Alternative Investments, acquired 99% of Italian producer of aerospace components Alfa Meccanica through its portfolio company LMA Group (see here a previous post by BeBeez). KPMG advised Alessandra Alasia and Teresa Alasia who have 1% of the target. Orrick assisted LMA. Mario Gardini is the founding partner and chairman of Orienta Capital Partners. Leonardo Salazzari is the ceo of LMA. Alfa Meccanica has sales of 8.1 million euros, an ebitda of one million and net cash of 0.318 millon. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Orienta Capital 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
Nextalia signed a binding agreement with the Cracco Family for acquiring the majority of Westrafo, an Italian producer of transformers and provider of integrated solutions for the energy world (see here a previous post by BeBeez). The target has sales 77 million euros, an ebitda of 9.3 million and net debts of 6.7 million. Nextalia retained Mediobanca, Gatti Pavesi Bianchi Ludovici, Legance, Latham & Watkins, Chiomenti, Essentia, Kearney, Alvarez & Marsal, Deloitte, and Ramboll. Westrafo hired Studio 91, Roberto Cracco, Giulia Irene Ventura, Adacta Advisory, Adacta Tax&Legal, and Studio Legale Marcon. Antonio Cracco (honorary chairman) and Alberto Cracco (chairman and ceo). Francesco Canzonieri is the founder of Nextalia. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Nextalia 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
Equita Smart Capital Eltif said it acquired a 39.1% of Demeglio, an Italian producer of luxury jewels, through the subscription to a capital increase and a shareholders replacement (see here a previous post by BeBeez). After such a transaction, Maurizio Zanni (23.7%), Giorgio Musolesi (16.4%), Luca Stefanini (ceo – 10.9%), and further minority shareholders will own Demeglio. Tenax Capital financed the transaction. Russo De Rosa Associati, EY Parthenon, EY Advisory, and Greenwich assisted Equita.
Italian chemical company Kerakoll, a B-Corp, acquired 60% of Dutch competitor Caltra Nederland, a producer of supplementary cementitious materials (scm) and low-carbon clinker (see here a previous post by BeBeez). The van Nes Family sold the stake and received assistance Marktlink. BonelliErede, deBreij, KPMG, and TAUW assisted Kerakoll. Siblings Daniëlle van Nes and Stephan van Nes will keep a 40% of Caltra. Fabio Sghedoni is the Vice President of Kerakoll Group while Marco Zini is the company’s ceo. Kerakoll has sales of 774.1 million euros, an ebitda in the region of 136 million and net cash of 131.3 million.
Paresa, an Italian player in the field of installations for the storage of hydrocarbons, attracrted a management buy-out of Raffaele Cedioli, Enrico Sozzi and Dante Ravaioli that acquired the company from the Alberto Palladino (64%), Lorenza Palladino (14%) and Marco Palladino (14%) (see here a previous post by BeBeez). Studio Antonelli & Partners assisted the buyers, while the Palladino Family retained Studio Spada-Buda, Roberto Pinza and Riccardo Pinza. Studio Porfiri acted as public notary. RomagnaBanca led the pool of the lenders that financed the deal which are Cassa Centrale Banca – Credito Cooperativo Italiano, Cassa Centrale Banca, RomagnaBanca, Banca Malatestiana, Mediocredito Trentino-Alto Adige, Cassa Centrale Raiffeisen dell’Alto Adige, and others.
Carton Pack, a portfolio company of UK A&M Capital Europe since 2022, acquired the majority of Italian competitor Andolfi & C. (see here a previous post by BeBeez). Carton Pack retained Spada & Partners, Erm and Alpeggiani. Andolfi hired Marcap and BonelliErede. Giovanni Leone is the ceo of Carton Pack which has sales of 200 million euros. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors A&M Europe 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 dairy products manufacturer Mozzarella Gioiella raised to 100% its 25% of I Freschi from the Mauro Realti (45%) Elena Realti (30%)(see here a previous post by BeBeez). The buyer has sales in the region of 124 million euros, an ebitda of 10.8 million and a net financial debt of 12.4 million.
