Milan-listed Saipem, a provider of offshore projects and services for the energy industry, signed a binding agreement for an international merger and the incorporation of Oslo-listed competitor Subsea7 that will rebrand as Saipem7 under EU law (see here a previous post by BeBeez). The deal terms and structure are in line with those that the firms outlined in the memorandum of understanding that signed a in February 2025. After such a transaction, Saipem7 will also belong to Milan-listed ENI (10.6%), CDP Equity (6.4%) (Saipem’s main shareholders) and Luxembourg’s Siem Industries (11.8%). Saipem7 will have a 21 billion euros turnover.
The EU Antitrust opened an investigation for possible incorrect or misleading information about KKR acquisition of TIM’s Netco (see here a previous post by BeBeez). KKR said it co-operated with the European Commission in good faith and provided specific and accurate information. The current shareholders of Optics are KKR Infrastructure (37.8%), ADIA (17.5%), CPP (17.5%), F2i (11.2%), and The Italian Ministry of Economy and Finance (16%).
EQT hired UBS for the sale of a minority of Radius Global Infrastructure Italian activities on the ground of a one billion euros enterprise value (see here a previous post by BeBeez). The fund acquired the asset in 2023 with Canada’s 2023 Psp Investments with a three billion value. The Italian activities of Radius consist of leasing real estate to mobile phone operators, tower companies and other digital infrastructure firms.
Fhp Holding Portuale, an Italian port/railway operator that belongs to F2i, signed a preliminary agreement for acquiring 80% of BuT terminal in Savona (see here a previous post by BeBeez). The closing may take place at the end of October 2025. BuT previously belonged to the Ghiliotto Family (90%) and Claudio Barlassina (10%). Fhp retained Cleary Gottlieb and Prothea. BuT hired PedersoliGattai, VSL Club and Studio Murialdo. Gerardo Ghiliotto is the ceo of BuT. Paolo Cornetto is the ceo of Fhp. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors F2i 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
British Columbia Investment Management Corporation (BCI) signed an agreement for acquiring a strategic monority of Three Hills, a London-based private equity that Mauro Moretti founded (see here a previous post by BeBeez). Moretti and Leks de Boer will keep their ceo and chief financial officer roles. Three Hills retained Campbell Lutyens and Travers Smith. BCI hired Latham & Watkins. Daniel Garant is BCI’s Executive Vice President & Global Head, Public Markets. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Three Hills 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
State Oil Fund of the Republic of Azerbaijan (SOFAZ) signed an agreement for acquiring 49% of a portfolio of 14 photovoltaic plants based in Italy from Enfinity Global, a portfolio company of London-listed private capital firm ICG (see here a previous post by BeBeez). Mediobanca, Legance and Fichtner assisted the vendor. SOFAZ retained JLL, Dentons Europe, EY, and DNV. Israfil Mammadov is the ceo of SOFAZ. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors ICG 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 acquired the majority of Spain’s Agronova Biotech from Magnum Industrial Partners and the Casanova Family (see here a previous post by BeBeez). Ambienta retained Alantra, Latham & Watkins, Roland Berger, and KPMG. Mauro Roversi is a founding partner & Chief Investment Officer of Ambienta. Olivier Lavaud is the ceo of Agronova. 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
London’s Px3 Partners, a pan-European private equity that Petter Johnsson, Giampiero Lenza and Sébastien Mazzella Di Bosco invested in Italian cybersecurity firm BV Tech with the support of Fondo Italiano d’Investimento for a minority (see here a previous post by BeBeez). Banco BPM, Intesa Sanpaolo, Natixis, and UniCredit financed the transaction. Raffaele Boccardo previously had 81% of BV Tech which retained Kitra Advisory, KPMG, Legance, and Studio Legale Tributario BC&. PX3 Partners hired Lazard, PwC, Intermonte, Chiomenti, Aon, Debevoise & Plimpton, ERM, and SaxeCap
Audensiel, a French business and technology consultancy firm that belongs to Sagard and Capza, successfully completed the delisting of Italian competitor FOS from Milan market (see here a previous post by BeBeez). Ardian‘s private debt funds financed the transaction. Equita and Clairfield International Audensiel which reached an agreement with BP Holding (a company of Enrico Botte and Gian Matteo Pedrelli will remain in charge as co-ceos) and Brunello Botte (consultant) for acquiring 54.43% of FOS for 13.1 million euros. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Ardian, Sagard, Capza and their 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
Nuo Capital and the Guerrand-Hermès Family completed the delisting Italian iconic producer of coffee machines Bialetti Industrie from Milan market (see here a previous post by BeBeez). The target’s chairman Francesco Ranzoni sold a 59% of the business for 47.3 million euros while Scalptor Capital Management fetched 5.7 million for its 19.5% stake BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Nuo 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
Milan-listed Banca Ifis will acquire 20% of Edulia (fka Treccani Futura), part of Italian publisher Treccani (see here a previous post by BeBeez). Edulia currently belongs to Treccani Scuola (68.7%), CDP Venture Capital (16.84%) and Impactscool (14.46%). After the deal, Banca Ifis, Treccani Scuola and CDP Venture Capital will be the controlling sharehodlers of Edulia.
Prosol, an Italian producer of food additives, sold a majority stake to 21 Invest’s vehicle 21 Invest Healthcare (see here a previous post by BeBeez). The target previously belonged to Holger Hans Van Den Heuvel and his family (68.44%), Innovad (12.78% – a company of IK Investment Partners), ceo Daniele Bonvicini (11.11%), and chairman Adalberto Villa (7.67%). Giovannelli & Associati, Deloitte, Goetzpartners, Erm, Triadi Polimi, and Egon Zehnder assisted 21 Invest. Prosol retained Arkios Italy, Paolo Nicoletti and Sofia Olivetti.
Casa della Piada, a portfolio company of Wise Equity and Fondo Italiano Private Equity Co-investimenti, acquired Pizze Vincenti from the Vincenti Family (see here a previous post by BeBeez). Casa della Piada retained Spada Partners, ERM and Simmons & Simmons. Pizze Vincenti received assistance from BFP Associati and Casini. Fabio Vincenti is the ceo of Pizze Vincenti. Stefano Ghetti and Ilaria Montefusco are a senior partner and an investment manager of Wise Equity. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Wise Equity 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 Dexelance (fka Italian Design Brands), a firm that belongs to Tamburi Investment Partners (TIP) through club deal Investindesign, raised from 51% to 100% its stake in Flexalighting (see here a previous post by BeBeez). Dexelance invested 9.6 million euros (6.8 million financial debt and its own resources) for the deal. Roberto Mantovani will keep his roles of chairman and managing director of Flexalighting.
Harcos Capital Partners (HCP), a firm that Salvatore Aurelio Rubino and Omar Uger Agiami created, acquired 25% of Filmedia Holding, a company that Filippo Mori Ubaldini and Federico Chimenti founded (see here a previous post by BeBeez). The target will rebrand as FWD. HCP retained Athena Professionisti e Consulenti Associati, Giovannelli e Associati and OC&C Strategy. Proactiva Strategy M&A, Chiomenti and Studio Dell’Apa Zonca e Associati assisted Filmedia. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Harcos 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
BF International, the UK subsidiary of Milan-listed agrifood company BF, acquired 5% of Pales, the holding that controls Regardia (fka Dalma Mangimi), an Italian producer of food for farms animals that belongs to Nextalia (see here a previous post by BeBeez). Federico Vecchioni and Silvio Ferrari will act as chairman and ceo of Regardia
UR Fog, an Italian producer of anti-intrusion fog systems, sold a majority stake to Swedish listed holding Lifco (see here a previous post by BeBeez).
Progressio attracted commitments for 335 million euros, above the 300 million target and below the hard cap of 350 million (see here a previous post by BeBeez). Progressio management team poured 6 million in the fund that received assistance from Legance and Di Tanno Associati. Beatrice Capretti is a partner and IR manager of Progressio while Filippo Gaggini is a managing partner. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Progressio 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
