In 2025, market participants announced or closed 738 deals involving private equity firms, club deal platforms, investment holdings and Spacs, +25.5% yoy (BeBeez Private Equity Report 2024), BeBeez Private Data say. Download here the table of the biggest deals in 2025 and here the full BeBeez Private Equity Report 2025 with all details
TowerBrook acquired the majority of MSA Mizar, an insurance BPO firm, on the ground of an enterprise value of 350 – 400 million euros from Columna Capital and Giovanni Campus who reinvested for a minority (see here a previous post by BeBeez). Antonio Marchitelli will keep his role as ceo of the target. MSA retained Mediobanca, LMS, PwC, NCTM, and Oliver Wyman. TowerBrook received assistance from Lazard, Macquarie Capital, Chiomenti, Fried Frank, Alvarez & Marsal, PwC, and Capstone. Andrea Frecchiami is a partner of Columna Capital while Gemma Zaino is a managing director. Paolo De Bona is the TowerBrook’s co-Head of Consumer Products & Services, Europe. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors TowerBrook, Columna 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
Groupack – Mech-i-Tronic (MIT), a platform for advanced mechatronics that Marco Giovannini launched with the support of Equilybra X, Cherry Bay Capital Investment Club, Three Hills, Azimut Libera Impresa, and HAT, said it acquired China’s Colamark from the founder Daniel Chan (see here a previous post by BeBeez). BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Three Hills, Azimut Libera Impresa, HAT, Cherry Bay Capital Group, Equilybra X, 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 Fondo Italiano d’Investimento purchased 70% of Vetraco, an Italian producer of industrial machinery for the cosmetic sector, from Luca Guerini Rocco and Paola Guerini Rocco (see here a previous post by BeBeez). Alioscia Berto and Andrea Scampoli, two directors of FII, will join Vetraco as ceo and cfo. BonelliErede, EY-Parthenon and EY, Antexis Strategies, and ITER Advisory assisted the buyer. Vetraco retained Deloitte, BNC, Benelli-Sacchi, and Mina. 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
Milan-listed EuroGroup Laminations (Egla), an Italian producer of industrial components in which Tikehau Capital invested in 2020, received the Golden Power authorization for selling a 55.3% stake to the Iori, Garibaldi, Bacchin, Zannetti, and Corrada families and FountainVest at 3,85 euros per share or 346 million euros (see here a previous post by BeBeez). BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Tikehau 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 multiutility Hera signed an agreement for acquiring Sostelia, a pole for the water treatment, from Xenon Private Equity and its co-investors on the ground of an enterprise value of 138 million euros (see here a previous post by BeBeez). Hera retained PwC and GA-Alliance while Rothschild & Co., LCA, Deloitte Financial Advisory, and Fortlane Partners. Danilo Mangano is a partner of Xenon Private Equity. 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
On 16 January, Friday, Progressio closed the 13 euros per share cum dividendo public offer that on 15 December 2025 launched on Milan-listed Spindox (see here a previous post by BeBeez). Fondo Italiano di Investimento (FII), BNP Paribas BNL Equity Investments, Paolo Costa (the target’s chairman), Mauro Marengo and Massimo Pellei coinvested with Progressio on the ground of an enterprise value of 72.5 million euros. Crédit Agricole Italia, BNL BNP Paribas, BNP Paribas Asset Management Europe, and Muzinich&Co financed the transaction. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Progressio, Fondo Italiano di Investimento, BNP Paribas BNL Equity Investments, 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 Di Luccia Investment Club acquired 30% of The Produser, a marketing and advertising company that owns the brand The Model Spot, from Riccardo Becker and that Tommaso Fiamingo acted as public notary (see here a previous post by BeBeez). The Produser now belongs to Maurizio Braca (coo) and Massimiliano Braca (65%) while the Davide Cesana cto has 5%. Giovanni Di Luccia is the ceo of Di Luccia Investment Club of which are also part Orio Pontiggia, Pierluigi Borlè Gioppi, Paolo Gallotti, Fabrizio Nisii, Christian Christodulopulos, Silvia Pugi, Georgiana Ion, Massimiliano Rubin, Mauro Milillo, Fabio Allegreni (the ceo of EdiBeez, the publisher of BeBeez).
Gruppo Clerici, a distributor of bathroom fixtures and fittings for which Paolo Clerici acts as chairman and Fabio Ciccarelli as cfo, acquired Termoidraulica Agostini e Figli , ARYA Group, Lazioterm, and Home Distribuzione while it signed a binding agreement for the purchase of Puntoclima (see here a previous post by BeBeez).
Nextalia signed a binding agreement for acquiring the majority of Italian food companies DiGel and Di Sano from Francesco Di Sano (previous 60% owner), Anna Di Sano (30%), FedericoDi Sano (5%), and Paolo Romeo (5%) (see here a previous post by BeBeez). Francesco Canzonieri and Massimiliano Monti are the ceo and a partner of Nextalia which retained PedersoliGattai and Alvarez&Marsal. Di Sano received assistance from Vitale&Co, Donatella Minutolo and MCT Tax. 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
Stockholm-listed HVAC player Bejer Ref, a former portfolio company of EQT, acquired a 75% of Italy’s competitor Idema Clima from the Arisi Family and also signed a call option for purchasing the target’s remaining shares (see here a previous post by BeBeez). Beijer Ref Christopher Norbye is the ceo of Beijer Ref which retained PwC and PwC TLS.
Milan-listed Smart Capital purchased 5% of Milan-listed Arterra Bioscience at 3,20 euros per share fromr Maria Gabriella Colucci (now 20.89% owner) and raised from 7.01% to 12.01% its stake (see here a previous post by BeBeez). Arterra also belongs to Alberto Previtali (15.20%) and Intercos (8.65%) while 43.25% is public equity. Andrea Costantini is the chairman and ceo of Smart Capital while Andrea Faraggiana is the firm’s managing partner and coo.
Amsterdam-listed Exor’s GEDI, is holding exclusive talks with Sae, a publisher that belongs to Alberto Leonardis, for the sale of Italian daily La Stampa (see here a previous post by BeBeez). Sae already owns local newspapers Il Tirreno, La Nuova Sardegna, La Provincia Pavese, Gazzetta di Modena, Gazzetta di Reggio, and la Nuova Ferrara. Paolo Ceretti is the ceo of GEDI. SAE also belongs to Toscana Sviluppo 2.0 (17.57%), M&S (16.2%), Fondazione di Sardegna (14.36%), Nextaly (10.74%), Milan-listed Portobello (10.74%), and further minority owners.
KKCG Maritime said it aims to increase its stake in Milan-listed yacht maker Ferretti from 14.5% to 29.9% at 3,5 euros per share or 182 million euros in cash (see here a previous post by BeBeez). In 2022, Karel Komárek and Danilo Iervolino acted as anchor investors for Ferretti’s ipo and purchased 10% of the company.
Sources said to BeBeez that Friulia purchased a 30% of Quin, an Italian management and IT consultancy firm of which co-ceos Fabio Valgimigli and Germano Fogolin are controlling shareholders after having purchased 65% of the asset from Equinox and Stefano Bertoli (see here a previous post by BeBeez). Quin retained MPRD & Partners and Legance. Valgimigli said that the firm aims to grow through M&A. Federica Seganti is the chairwoman of Friulia. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Friulia, Equinox 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
Cap Vert Group, a French portfolio company of Ambienta, said it acquired TGBL Group, Ets Julien, Chenot Paysage, and Joigneaux Paysagiste (see here a previous post by BeBeez). Gwenaëlle Le Ho Daguzan is a partner of Ambienta, a firm that Nino Tronchetti Provera founded. 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
ConsulBrokers, a portfolio company of which JC Flowers owns 79% since 2024, acquired IGB Insurance Gold Brokers from ceo and co-founder Angelo Coviello that will keep his role (see here a previous post by BeBeez). BeBeez Private Data, the private capital database of BeBeez and FSI, monitors JC Flowers 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
Amahorse (Amahorse Trading), an Italian producer of clothes and equipment for horse riding that belongs to LBO France since 2025, acquired Seaver, a French developer of advanced safety solutions (see here a previous post by BeBeez). Riccardo Volpi and Simone Volpi are the founders of Amahorse which is interested in further international acquisitions. Zakaria Antar and Pierre-Yves Lalo founded Seaver in 2016. Amahorse retained BM&A, BonelliErede and Agylys Avocats. Axipiter assisted Seaver. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors LBO France 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
