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On 30 January, Friday, the Ministry of Made in Italy (Mimit) authorised Alessandro Danovi, Francesco di Ciommo, Daniela Savi, Giovanni Fiori, Giancarlo Quaranta, and Davide Tabarelli to negotiate the sale of troubled Italian steel producers Ilva and Acciaierie d’Italia to Flacks Group, a firm that belongs to British turnaround investor Michael Flacks (see here a previous post by BeBeez). The shortlistd bidder aims to pay 1 euro for acquiring the asset while committing for investing 5 billion euro for the company’s relaunch. Flacks aims to have MIMIT as 40% co-investor. The Italian Government may also sign a put option for allowing Flacks to buy the whole company for 0.5 – 1 billion.
Banca Progetto, a troubled asset of Oaktree Capital Management that Banca d’Italia suspended in March 2025 and in September 2025 signed a binding agreement with Fondo Interbancario di Tutela dei Depositi (Fitd – Interbanking Fund for Deposits Protection), Banca Monte dei Paschi di Siena, Banco BPM, BPER Banca, Intesa Sanpaolo, and UniCredit (the five Italian systemic lenders), for a 750 million euros recapitalization (see here a previous post by BeBeez). Chiomenti and KPMG are assisting Banca Progetto that will reportedly attract gross rescue resources of 6.5 billion euros. Alfredo Pallini is the coo of Fitd. The troubled bank will sell its NPEs with a face value of 2.5 billion to a vehicle of AMCO and the systemic lenders. Banca Progetto will also carry on the securitization of its 2.2 billion performing credits and will acquire the senior tranche while Mediocredito Centrale will purchase the junior notes with the warranty of FITD which will also pour 750 million in the troubled firm and get 10% of it. The systemic lenders will own 90% of Banca Progetto. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors 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 23 January, Friday, Valentino, the iconic Italian fashion firm that belongs to Mayhoola (70%) and Kering (30%), launched a 100 million euros capital increase (see here a previous post by BeBeez). The company is renegotiating the terms of a 530 million loan that received from Intesa Sanpaolo, Banca Monte dei Paschi di Siena, Banco BPM, and BNP Paribas of which it may have broken the covenants as the debt net/ebitda ratio amounted to 4.4, above the 3.5 target. Mayhoola and Kering committed to pour a further 150 million if necessary. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Mayhoola 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.
Pierburg Pump Technology Italy, part of German Rheinmetall, are of interest to Aurelius and Ecco-Group (EG) (see here a previous post by BeBeez). The automotive contraction impacted the financials of the asset that could be worth in the region of 35 million euros. Uli Lorenz and Daniel Ebert head Ecco-Group. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Aurelius 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 Fashion, a subsidiary of Euroseta that in 2025 acquired Troubled Italian retailer Conbipel, will sell its future flow of payments with cards to Milan-listed special situations factoring firm Generalfinance and Net Capital (see here a previous post by BeBeez). Antimo Marino Sanapo is the ceo of Net Capital. Massimo Gianolli is the ceo of Generalfinance.
On 30 January, Friday, Venice Court accepeted the receivership application of Trolese Impianti Generali, an industrial company that Ettore Vannucci heads (see here a previous post by BeBeez). The court appointed Maurizio Nardon and Caterina Carrer for overseeing the company’s debt restructuring. Trolese will sell its construction subsidiary Re Nord Est that aims to receive fresh resources of 0.45 million euros. Gianni & Origoni and Vidal & Partners assisted the troubled company.
Engineering Ingegneria Informatica, an IT firm that belongs to Bain Capital, Renaissance Partners and Aurora Growth, said to labour unions FIM, FIOM and UILM that there are 650 redundancies in the finance, digital and support functions units (see here a previous post by BeBeez). Engineering has a net financial debt of 1.28 billion euro, for a 4.5X net leverage (1.33 billion of 4.8X in 2024 – investors presentation). BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Bain Capital, Reinassance Partners, Aurora Growth, 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
