Dowload here the BeBeez Private Equity Report 2024 and 1H25 report.
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On 30 October, Thursday, Italian apps developer Bending Spoons said it raised 710 million US Dollars in equity (270 million primary and 440 million secondary) and 2.8 billion financing facilities for acquiring AOL from Yahoo! on the ground of a pre-money value of 11 billion (see here a previous post by BeBeez). The buyer received the financial support of T. Rowe Price Investment Management, Baillie Gifford, Cox Enterprises, Durable Capital Partners, Fidelity Management & Research Company, Foxhaven Asset Management, Radcliff, and other investors and lenders. Bending Spoons retained Goldman Sachs International and Clifford Chance while ZNR acted as public Notary. Milan-listed Tamburi Investment Partners (TIP) also said on 30 October that it may fetch 27 million euros (20X the invested capital and an above 25 million capital gain) out of the sale of a 0.2% of Bending Spoons of which it has 3.3%, a stake worth in the region of 300 million. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Bending Spoons and its investors 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 Eles Semiconductor Equipment reportedly attracted the take-private interest of Xenon Private Equity that aims to invest up to 41 million euros (2,65 euros per share) in the deal (see here a previous post by BeBeez). Milan-listed Mare Engineering Group is the main shareholder of Eles and also launched a public offer of 2,25 euros per share and raised 30% of the target with the support of Massimiliano Bellucci with whom it signed a shareholders’ agreement. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Xenon Private 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.
Global Aerospace Technologies Group (GATG), a portfolio company of Investindustrial, signed for a shares swap merger with Milan-listed Officina Stellare (OS) through a reverse take-over (see here a previous post by BeBeez). Sources said to BeBeez that the merged entity of which GATG will have 57% and OS 25% may rebrand. Gianni&Origoni assisted OS while Chiomenti advised GATG. Lazard acted as financial advisor for the deal. 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.
Fondo Italiano per l’Efficienza Energetica (FIEE) and Marguerite sold City Green Light to Igneo Infrastructure Partners, part of First Sentier Group (see here a previous post by BeBeez). The vendors invested 100 million euros in 2018 for acquiring the target of which Marguerite had 40.72%, Fiee 33.77% and Ipin 2E 25.51%. EY Parthenon and EY Studio Legale Tributario assisted Igneo for which Alex Nassuphis acts as ceoand Hamish Lea-Wilson heads Europe. Andrea Longatti, Andrea Marano and Raffaele Mellone are the co-ceo of FIEE. William Pierson is a managing partner of Marguerite.
The managers of Prima Electro and Synov, a portfolio asset of French Sagard MidCap, acquired the company from Prima Industrie (see here a previous post by BeBeez). Alpha Private Equity and Peninsula Capital delisted Prima Industrie from Milan market in 2023. Synov retained New Deal Advisors, BonelliErede, Chiaravalli Reali e Associati, and Scouting Capital Advisors. Prima Electro hired Banca Akros and Chiomenti. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Sagard, Alpha Private Equity, Peninsula Capita, 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.
US triathlon clothing brand Zoot Sports, part of Italy’s MVC Group of which Equinox has 40% since 2019, said it acquired German Tailwind Brands, its European distributor (see here a previous post by BeBeez). Shawn O’Shea, the chairman of Zoot, sold 70% of the business to MVC in 2023. Doug Vargo is the company’s ceo. Emilio Foà is the ceo of MVC Group
Dealernet, an official distributor of original spare parts for Stellantis Group brands, launched a 6.7 million euros capital increase that Friulia (2 million), Bliz Auto Portomotori, Ghiraldo&Autoin, Manzotti Automobili, De Bona, and Sina subscribed (see here a previous post by BeBeez). Dealernet received assistance from FCB & Associati and Thera Capital. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Friulia 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.
B4 Investimenti, a firm that Fabrizio Baroni heads, acquired 56% of VAY, an Italian third-party producer of fabric for furniture with a turnover in the region of 30 million euros, from Giovanni Vay (chairman and previously 66.67% owner now 40%) and Alessandra Vay (33.33%) (see here a previous post by BeBeez). Olivier Delhomme is the new ceo of the company of which he acquired a 4%. Banco BPM financed the transaction and hired Greco e da Vitali e Associati. B4 Investimenti retained Gianni & Origoni, PwC and Studio Gusmitta & Associati. VAY received assistance from Nash Advisory, Brand Implementation Solutions, Studio Legale LCA, and Claudio Saracco & Associati.
Swiss club deal platform Continental Investment Partners (CIP) acquired the majority of Alfamed, an Italian producer of medical devices (see here a previous post by BeBeez). Cross Border acted as deal advisor. Alessandro Alessandrini and Stefano Sabbatini sold part of their stakes to CIP, a firm that Carlo Sgarbi and Marco Fumagalli founded. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Continental Investment Partners and its 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.
Milan-listed Greenthesis completed the acquisition of 60% of waste management company Glob Eco from LM Holding (previous 64% owner) and Mister Chef (36%) which retained L&B Partners (see here a previous post by BeBeez). Greenthesis hired Chiomenti and Ferraro Ginevra Gualtieri. Vincenzo Cimini is the coo of Greenthesis.
Hawk Infinity, a Norway’s investment firm, retained CMS for acquiring Evoluzione Sistemi from Andrea Bielli (37.5%), Denise Panizzon (37.5%) and Davide Gaibotti (25%) (see here a previous post by BeBeez). BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Hawk Inifnity 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.
F4, the investment holding of the Faelli Family acquired Italian producer of machinery for the ice cream manufacturing Telme from Angela Defendenti (30%), Michele Bartyan and Sylvia Bartyan (22%) which retained Pirola Corporate Finance and BonelliErede (see here a previous post by BeBeez). F4 appointed Equity Factory, Studio Legale Accinni & Associati and LawaL Legal & Tax Advisory.
Italian Windows Group, a portfolio company of Mittel, acquired a stake in Italian competitor Sallustio from Giovanni Sallustio (34%), Fabrizio Sallustio (33%) and Giuseppe Sallustio (33%) which retained Scouting Capital & Family Advisors and Russo De Rosa Associati (see here a previous post by BeBeez). IWG aims to carry on further acquisitions of same-sector companies based in the Centre and South of Italy.
Europe Capital Partners (ECP), part of Park Street Capital, sold the majority of Fine Food Group (FFG), a distributor of high-end Tex-Mex, American and Fusion products, to Taste of Italy (TOI), a private equity vehicle of DeA Capital Alternative Funds (see here a previous post by BeBeez). Fabrizio Fasulo, the ceo of FFG, appointed Simmons & Simmons and will reinvest for a minority. Banco BPM and Merito Private Debt financed the deal and retained Ashurst. Azimut Libera Impresa, Fasulo (21%) and Stefano Sgarella (11%) sold a majority stake in FFG to ECP in 2022. Filippo Amidei an Davide Fonti and Leonardo Faleri act as managing director, investment manager and analyst for TOI which received assistance from Finerre, Baker McKenzie, EY Parthenon, GEA, Ramboll, ERM, Marsh, Pavia Ansaldo, and Lazzati Rizzi. ECP retained CS & Associati, Ethica Group and Gatti Pavesi Bianchi Ludovici. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Europe Capital Partners, Taste of Italy 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.
Sources said to BeBeez that VAM Investments, Corrado Pinzano (ceo) and Diego Pinzano (executive chairman) signed a binding agreement for selling its stake in ConformGest, a provider of after sale services for second hand vehicles, to Chequers Capital (see here a previous post by BeBeez). Crédit Agricole, BNL BNP Paribas and Banca Ifis financed the deal. The Pinzano siblings hired L&B Partners Avvocati Associati and will reinvest for a 15% of ConformGest. VAM sold a 65% of the business and received assistance from Rothschild & Co, Gatti Pavesi Bianchi Ludovici, EY, Molinari, KPMG, and Cuatrecasas. Chequers Capital received assistance from Dawan Corporate Finance, Advant NCTM, Oliver Wayman,KPMG, Matteriality, Altea Federation, Pérez-Llorca, and DZP. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors VAM Investments, Chequers Capital 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.
Xenon Private Equity created Rinovha, a catalysing platform company for the hazardous waste disposal sector for which Gianluca Cencia acts as ceo (see here a previous post by BeBeez). Rinohva already grouped Alm.Eco, Gamma, Marcon, and Vico that will generate an aggregate turnover of 200 million by the end of 2026. Xenon retained GBPL, IPG Law Firm, Studio Giovannelli, Pavia & Ansaldo, PwC TLS, Deloitte Financial Advisory, Greenwich, PCLX – Palumbo LexCo, Fineurop Soditic, and OC&C. Milan’s TBS acted as public notary. Gianfranco Piras, a partner of Xenon, is the chairman of Rinovha. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Xenon Private 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.
Biscottificio Veronese, an Italian producer of baked food that belongs to the Marini Family who also owns Marini Pasticceria di Verona, is receiving the support of London’s M&A advisor Lindsay&Co and holding exclusive talks with Bluegem Capital Partners for the sale of a stake (see here a previous post by BeBeez) Marco Capello and Emilio Di Spiezio Sardo head Bluegem of which the Garavoglia Family has 20% since June 2025. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors BlueGem 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.
Sources said to BeBeez that Sterling Square Capital Partners appointed Baird for a sale of Isoclima, a portfolio company that attracted the interest of Ambienta and Fondo Italiano d’Investimento (see here a previous post by BeBeez). Alberto Bertolini and Augusto Gasparetto are the founders of Isoclima, a manufacturer of high-quality glass for armoured vehicles, architecture/design, high-performance cars, rail transport, ships and yachts, aerospace, and aircrafts. 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
Club deal platform Cherry Bay Capital sold its 28.58% stake that acquired in 2020 on the ground of a 150 million euros enterprise value in Poggipollini to the eponymous family (see here a previous post by BeBeez). The target is an Italian manufacturer of titanium and special materials screws and industrial components. In 2020, the club deal attracted the resources of Ettore Riello, Franco Stefani, the Barilla Family. Michele Poggipolini heads the company. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Cherry Bay 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
Nyse-listed Blackstone appointed Michele Rabà as Head of European Corporate Private Equity for replacing Lionel Assant who will be the firm’s new Global Co-Chief Investment Officer (see here a previous post by BeBeez). Rabà has previously been Lead Partner, European Private Equity of Apollo Global Management, and worked in Goldman Sachs Financial Institutions Group. Joseph Baratta is Blackstone’s Global Head of Private Equity Strategies. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Apollo Global Management, Blackstone 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.
Soprarno, part of Banca Ifigest, rebranded as L&B Capital after the closing of MIP acquisition (see here a previous post by BeBeez). L&B Capital has assets under management worth in the region of 2 billion euros. Angelo Moratti, Tommaso Federici and Flavio Di Terlizzi are the firm’s chairman, ceo and cio for alternative investments and private markets while Marco Seveso acts as cio for liquid investments.
Armònia attracted 253 million euros in commitments and repaid 90% of the previous vehicle’s capital, ceo and founder Alessandro Grimaldi said to BeBeez (see here a previous post by BeBeez). BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Armònia 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 III, a PIR and Art. 8 FDR Compliant private equity vehicle of Arcadia, closed its fundraising at 105 million euros (see here a previous post by BeBeez). Guido Belli, Arcadia’s chairman, and managing partners Luca Ravano and Simone Arnaboldi poured 5% of such amount. The fund attracted the resource of foreign investors (30%) including the InvestEU – European Investment Fund programme, Banco BPM, Banca Popolare di Sondrio, Anima, banking foundations, pension funds, HNWIs, and family offices. Luca Ravano 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
On 31 October, Friday, Fondo Italiano d’Investimento (part of CDP) appointed Domenico Lombardi as ceo and coo for 2025-2028 (see here a previous post by BeBeez). Lombardi is an independent director of Banca Monte dei Paschi di Siena, heads Rome’s Luiss School of Government Policy Observatory. He previously worked for Banca d’Italia, International Monetary Fund, the World Bank, Banca di San Marino, and Extrabanca. FII also confirment Barbara Poggiali in her chairwoman role. She previously worked for McKinsey & Company, Bain, Leonardo, Poste Mobile, Earlybird Ventures, RCS MediaGroup, Vodafone Italy (fka Omnitel), Fastweb, and Cable and Wireless. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Fondo Italiano d’Investimento 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
