Download here the BeBeez Private Debt Report 2024 available for the subscribers to BeBeez News Premium and BeBeez Private Data.
Sources said to BeBeez that the sale of Italdesign-Giugiaro, part of Audi-Volkswagen which retained Lazard, to US-Indian conglomerate UST Global is facing the competing bid of a pool of investors that Milan’s insurance and financial broker Massimo Pavan grouped under the leadership of Adler, an Italian automotive firm that Paolo Scudieri heads (see here a previous post by BeBeez). The sources said that the deal value is below the reported 350 million euros and that the competing bidders are claiming the Golden Power preemption. The pool of investors that Scudieri leads includes CDP, Giancarlo Tonelli, Amedeo Felisa, and Eugenio Razelli and aims to pour 120 – 200 million in Italdesign-Giugiaro for expanding its core business and growing in the aerospace and nautical sector. Antonio Casu is the ceo of Italdesign, see here the company’s Sustainability Report 2024.
Giochi Preziosi, an Italian toys distributor that applied for receivership in May and October 2024, (see here the file of May and of October available for the subscribers to BeBeez News Premium and BeBeez Private Data) started to implement a business relaunch (see here a previous post by BeBeez). Previous press report that Giochi Preziosi was going to launch a 40-50 million euros capital increase that Invitalia – Salvaguardia Imprese, Dea Capital Alternative Funds, Sagitta, Europa Investimenti, and Enrico Preziosi would have subscribed to. Giochi Preziosi hired Coldwell Banker Commercial Italy (CBC Italy) for selling its real estate assets. The company also aims to review its retail strategy, carry on the integration of its Spanish subsidiary Famosa, strengthen the wholesale channel, and consolidating further its international expansion in core markets such as Italy, Spain, Greece, and Turkey and interesting countries like France, Germany, United Kingdom, USA, and Japan.
Heila Cranes, a company that since 2023 belongs to Italian turnaround investor Ibla Industries – Ibla Capital, closed its receivership two years earlier than scheduled (see here a previous post by BeBeez). Ubaldo Soligno acts as head of Special Situations of Italy’s Tyche Bank which financed the company in repaying its liabilities. Domenico Pirella is a partner of Ibla Capital which invested 1.5 million euros in Heila’s equity and purchased debts worth 10 million. Alessandro Lo Savio, the chairman of Heila Cranes and ceo of Ibla Capital, previously said to BeBeez that Reggio Emilia Court accepted in January 2023 the company’s receivership application (see here the authorization available for the subscribers to BeBeez News Premium and BeBeez Private Data BeBeez Private Data). BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Ibla Industries, Ibla 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
G. Schneider, a vendor of high-end fabrics that belongs to the eponymous family and has illimity Credit & Corporate Turnaround Fund as main creditor, sold to London’s Modiano all its activities in the wool sector, with the exception of those in Mongolia and South America (see here a previous post by BeBeez). The other financial creditors of the group holding pledges on the company’s shares are AMCO, Kerma spv and IQ EQ Fund Management (see here the chamber of commerce data and September 2025 board of directors notes available for the subscribers to BeBeez News Premium and BeBeez Private Data – find out here about the Black Friday Deal). Kerva spv is a securitization vehicle that in 2020 acquired from Intesa Sanpaolo an UTP corporate leasing portfolio. IQ EQ Fund Management is the Irish management company of RSCT Fund – Comparto Crediti for which Pillarstone acts as advisor. Giliberti Triscornia e Associati, Marino Ballancin e Associati, PwC Italia, and Greco Vitali Associati assisted G. Schneider. Modiano retained Carmini Avvocati Associati. Loan Agency Services and the other creditors received assistance from Linklaters while illimity – iCCT hired Molinari. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors G.Scheider, illimity Credit & Corporate Turnaround Fund, RSCT Fund, 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
Source said to BeBeez that Brixia Court accepted the debt restructuring plan of ATB Riva Calzoni and its creditors Deutsche Bank, Unicredit and BPER (see here a previous post by BeBeez). The firm is part of Italy’s ATB, an industrial company that belongs to Sergio Trombini. The banks did not withdraw the current credit lines and granted a moratorium on medium/long-term debt. Gianni & Origoni, KPMG and Luigi De Anna advised ATB. Simmons & Simmons, Giovannelli e Associati and BLF Studio Legale assisted the lenders.
Luxembourg’s IQ EQ, a portfolio company of Astorg Partners, acquired a controlling stake in Italian credit servicer Zenith Global from Arrow Global (see here a previous post by BeBeez). The closing may take place by 1Q26 upon the Golden Power and Banca d’Italia approvals. Arrow Global acquired Zenith in 2018 for 17 million euros. Umberto Rasori is the ceo of Zenith Global and will keep his role. Diana Senanayake is the IQ-EQ Regional CEO for Continental Europe. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Zenith Global, Arrow Global, Astorg Partners, 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
On 2 December, Tuesday, the RASS – Studio Rinaldi Associati in via Conservatorio, 2 – 20122 Milan, will host the BeBeez Networking Cocktail at 5: 45 PM to speak about Carve-out Deals.
Programme:
5.45 pm Registration
6.00 pm Round table
The private equity market in Italy
Andrea Lazzaretti, equity partner
RASS -Studio Legale RInaldi Associati
Perpetual compounders, who is investing in Italy
(see Figures in the Insight View by BeBeez)
Stefania Peveraro, editor-in.chief BeBeez
The compounders model: industrial vision and permanent capital
Tom Van der Haegen, founder & ceo Newport &Co
Jimmy Clarini, co-founder & chief development officer Newport &Co
Investing in perpetual compounders: opportunities in Europe vs US
Matthew Morris, founder & managing partner Hampton River Partners
Gustaf Håkansson, principal Hampton River Partners
7.00 pm Networking cocktail
The following firms guest the Event:
