Download here the table of the biggest deals in 2025 and here the full BeBeez Private Equity Report 2025 with all details. BeBeez Private Equity Report 2024 of BeBeez Private Data is also available.
SAVE THE DATE!
On 23 June, Tuesday, BeBeez Private Equity Backed Mangers
Financial Services & Insurance Awards 2026 will take place.
On 14 May, Thursday, Stefania Peveraro, the BeBeez Editor in Chief, and Domenico Di Luccia, Di Luccia & Partners managing director, handed BeBeez Private Equity Backed Mangers Software & ICT Awards 2026
Stefania Peveraro moderated a roundtable about the managers that create value for the Software & ICT sector with panellists Marco Pelosi, Banca Investis Head of Capital Markets and Alternative Assets; Marco Morfino, Clearwater managing partner; Maurizio Ria, Duke&Kay managing partner; and Domenico Di Luccia.
BeBeez editorial team and Di Luccia Executive Search with the support of BeBeez Private Data drawn a shortlist from which readers chosen the following winners:
Big deal/big round/big bond Award: Max Pellegrini, ceo of Namirial (Bain Capital, PSG Equity, Ambienta). Nominated: Alberto Calcagno, ceo Dedalus (Ardian, ADIA, Three Hills), Pier Andrea Chevallard, ceo Tinexta (Advent International, Nextalia sgr, Tecno Holding), Fabrizio Del Maffeo, ceo Axelera AI (various Italian and international VC and PE), Luca Ferrari, ceo e founder Bending Spoons (various Italian and international VC and PE), Lorenzo Forina, ceo Zenita Group-Maticmind (CVC Capital Partners, CDP Equity)
Transformational M&A Award: Max Pellegrini, ceo of Namirial (Bain Capital, PSG Equity, Ambienta). Nominated: Alberto Calcagno, ceo Dedalus (Ardian, ADIA, Three Hills), Giuseppe Di Franco, ceo Lutech (Apax Partners), Duccio Vitali, ceo AlkemyGroup-Retex (FSI), Alberto Ghisleni, ceo WeAreProject-Project Informatica (EMK Capital), Andrea Pettinelli, ceo Finomnia (Apax Partners)
Add-on Award: Giuseppe Di Franco, ceo of Lutech (Apax Partners),
Claudio Brandolino, Lutech M&A Chief, accepted the prize on behalf of the winner. Nominated: Giuseppe Di Franco, ceo Lutech (Apax Partners),
Luca Ferrari, ceo and founder Bending Spoons (various Italian and international VC and PEs), Federico Leproux, executive chairman TeamSystem (H&F, Silver Lake, ADIA, CapitalG), Matteo Moretti, ceo Lynx (Carlyle), Andrea Ruscica, ceo Altea Federation (Chequers Capital), Duccio Vitali, ceo AlkemyGroup-Retex (FSI)
Growth Award: Alessandro Geraldi, ceo Impresoft (Clessidra, Italmobiliare, Anima Alternative). Nominated: Aldo Bisio, ceo Engineering (Bain Capital e Renaissance Partners) Giuseppe Di Franco, ceo Lutech (Apax Partners), Vincenzo Fiengo e Salvatore Frosina, co-ceo DGS (ICG),
Lorenzo Forina, ceo Zenita Group-Maticmind (CVC Capital Partners, CDP Equity), Luca Peyrano, executive chairman Cedacri (ION Group)
Readers Special Award: Federico Leproux, executive chairman of TeamSystem (H&F, Silver Lake, ADIA, CapitalG).
Dolomiti Energia Holding (DEH) hired Imi Intesa Sanpaolo and Goldman Sachs for its IPO on Milan market on the ground of a 3 – 4 billion euros enterprise value (see here a previous post by BeBeez). Silvia Arlanch is the chairwoman of DEH which currently belongs to Findolomiti Energia (48.51% – a vehicle whose even owners are Rovereto Municipality, Trento Municipality and Trentino Sviluppo), Equitix (5%), FT Energia (6.98%), Fondazione Cassa di Risparmio, Trento e Rovereto (5.4%), and Istituto Atesino di Sviluppo (4.24%).
On 16 May, Saturday, LMDV Capital, the investment holding of Leonardo Maria Del Vecchio, said it acquired 80% of EN – Editoriale Nazionale from Monrif (Riffeser Monti Family) (see here a previous post by BeBeez). EN is the publisher of Italian papers QN Quotidiano Nazionale, Il Resto del Carlino, La Nazione, and Il Giorno. Previous press reports said that the deal is worth 50-60 million euros. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors LMDV Capital and its investments. 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, a private capital firm that Nino Tronchetti Provera leads, acquired the majority of Disano Illuminazione from the eponymous family (see here a previous post by BeBeez). Patrizia Di Sano, the target’s chairwoman, will reinvest for a minority. Ambienta retained Deloitte Advisory, LABS Corporate Finance, Deloitte Advisory, BCG, Gatti Pavesi Bianchi Ludovici, and Ramboll. Disano hired Kitra Advisory and Lexacta Global Legal Advice. Giancarlo Beraudo is a partner of Ambienta. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Ambienta and its investments. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
Protos, a consultancy firm that since 2025 belongs to HIG Capital, acquired Inarcheck with the financial support of Capza from Italian freelance surveyors pension fund (85.15% owner) (see here a previous post by BeBeez). H.I.G. Raffaele Legnani and Giovanni Guglielmi are the managing directors of HIG in Italy which retained Kitra Advisory, Pavia e Ansaldo and Spada Partners. The vendors received assistance from Mazzarella Law Firm. Francesco Medri is the ceo and managing partner of Protos. Diego Buono is the chairman of Italian freelance surveyors pension fund. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors HIG Capital and its investments. 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 15 May, Friday, Equita and Banca Akros (Banco BPM) said that their client One Equity Partners (OEP) raised 21.64% of Milan-listed Digital Value at 29 euros per share (see here a previous post by BeBeez). OEP has now 93.59% of the target and will delist it. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors One Equity Partners and its investments. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
Spain’s Natra and two undisclosed financial sponsors are the frontrunners for acquiring the majority of Italian chocolate producer Witor’s from 21 Invest that purchased the asset in 2021 (see here a previous post by BeBeez). Sources said to BeBeez that Vitale is handling the sale. In 2019, CapVest signed an agreement with Natra’s main bondholders Bybrook, Deutsche Bank and Sabadell for buying 57.58% of the firm. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors 21 Invest and its investments. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
Goi Energy subscribed to a sale and purchase agreement with Ludoil Energy for the disposal of ISAB-Industria Siciliana Asfalti e Bitumi (see here a previous post by BeBeez). The buyer belongs to Donato Ammaturo. GOI Energy is a portfolio company of Argus New Energy Fund, a firm that ceo Michael Bobrov heads. Ludoil aims to to gradually introduce ISAB in new production lines of biofuels ahead of transforming the target into an Energy Company with an integrated portfolio ranging from crude oil processing to advanced bioenergy, positioning itself as a strategic hub for energy flows between Europe, Africa, the Americas and the Middle East. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Argus New Energy Fund and its investments. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
Italian B2B software house TeamSystem acquired Terya (see here a previous post by BeBeez) Teamsysatem belongs to Hellmann&Friedmann, Silver Lake Partners, ADIA (Abu Dhabi Investment Authority), and CapitalG. The buyer retained Pedersoli Gattai and KPMG Italia. Terya received assistance from Unistudio & Gambino, Eric Zivelonghi and Alessandro Borselli. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors TeamSystem and its investors. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
Saesco Medical, a Spanish distributor of medical devices that since 2025 belongs to Miura Partners, said it acquired Italian competitor Medcomp from Massimo Giusti (see here a previous post by BeBeez). Pirola Pennuto Zei & Associati assisted Saesco Medical while Massimiliano Nicodemo, Giovanni Rossi and Davide Rossi advised the vendor. Jordi Fluvià is the ceo of Saesco. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Miura and its investments. 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 15 May, Friday, the Luccini Family announced the signing of a binding agreement for the sale of 83.38% of Milan-listed Reway Group to Renaissance Partners at 10.31 euros per share ahead of a taking private the provider of infrastructure maintenance services (see here a previous post by BeBeez). Patrizia Casillo (7.27%), Raffaella Casillo (10.9%), Livio Radini, and Immobiliare Radini (0.78%) will also sell their stakes in Reway. Luccini will reinvest in the deal and repurchase 30% of the post-deal Reway’s controlling vehicle. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Renaissance Partners and its investments. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
Frankfurt-listed CPI Property Group (CPIPG), a firm of Radovan Vítek, concluded the delisting offer on Milan-listed Next Re SIIQ (fka Nova Re) that launched on 20 April, Monday after haging raised 94.83% of the target for 12.56 million euros (see here a previous post by BeBeez).
Movopack, an Italian sustainable packaging producer, retained Linda Lorenzon for acquiring Hipli, a French competitor that Anne-Sophie Raoult and Léa Got founded (see here a previous post by BeBeez). Tomaso Torriani (ceo), Alberto Cisco (cco) and Andrea Cipollone (coo) head Movopack that in 2024 secured seed resources of 2.3 million euros from 360 Capital, Grenier Innoventures and Techstars. Hipli previously raised 5 million from BSPCE, Crédit Mutuel, Bpifrance, ADEME, and Citeo. Tomaso Torriani ceo and co-founder. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Movopack and its investments. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
EMC Colosio, a producer of professional lighting items of which Arcadia purchased 60% from the Colosimo Family in 2021, acquired Mirails (see here a previous post by BeBeez). Roberto Pievani is the coo of EMC Colosio. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Arcadia and its investments. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
CDP Equity will acquire 8.9% in 2i Aeroporti, the manager of airports Milano Linate, Milano Malpensa, Naples Capodichino, Turin, Trieste, and Salerno, that currently belongs to F2i (51%) and Asterion Industrial Partners (49%) (see here a previous post by BeBeez). Asterion will sell 8% of the asset and F2i, a firm for which Renato Ravanelli acts as ceo, a 0.9%. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors F2i and its investments. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
Edge Group, a portfolio company of AnaCap since 2025, acquired De Filippis Broker, a competitor with sales of 5 million euros, from the eponymous family (see here a previous post by BeBeez). The vendors retained IPOCoach, LegisLab, TCFCT – Studio Associato Consulenza Societaria e Tributaria, and Studio Giugliano. Manfredo Sciarretta is the ceo of Edge Group. Modestino De Filippis is the target’s founder. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors AnaCap and its investments. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
AnaCap launched Titan, a platform for aggregating advisory firms and acquired the majority of Cattaneo Dall’Olio Rho & Partners (CDR) Tax & Legal Group from Aldo Cattaneo, Giorgio Dall’Olio, and Guido Alessandro Rho (formerly 24.3% each) (see here a previous post by BeBeez). Alberto Sainaghi is the Italy’s partner of AnaCap which retained Pietrostefani Corporate. Fabiano Quadrelli will be Titan’s managing partner. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors AnaCap and its investments. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
Angel’s Italian provider of railway maintenance services Mermec signed an agreement for selling part of its activities to Siemens Mobility (see here a previous post by BeBeez). Vito Pertosa is the owner of Angel. The vendor reportedly held talks with CDP Equity and Ferrovie dello Stato. Mermec will not include Angelstar, Mont Saint Michel, Compagnie des Signaux, and Mermec Deutschland. The vendor signed the closing through the newco Mermec Ferrosud with Fondo Salvaguardia Imprese, a vehicle that the Italian Ministry of Made in Italy launched and Invitalia manages. per rilanciare lo storico stabilimento ferroviario di Matera, in passato appartenuto ad Efim. Michael Peter is the ceo of Siemens Mobility.
Stockholm-listed investment holding Lifco signed an agreement for acquiring the majority of Italian industrial company Boscaro (see here a previous post by BeBeez). BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Lifco and its investments. 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 18 May, Monday, Milan-listed luxury furniture producer Dexelance (fka Italian Design Brands), a company whose main shareholder is a club deal that Tamburi Investment Partners leads, will launch a 50 million euros (1,51 euros per share) capital increase that will close on 1 June, Monday (see here a previous post by BeBeez). The deadline to subscribe the rights issue will be 26 May, Tuesday. The capital increase also provides for the free allocation of warrants, with an exercise price set at 3.02 euros per share and a conversion ratio of one new share for every five warrants. Tamburi Investment Partners and the Gervasoni Family (36.64% of Dexelance) already committed to subscribe 27.5 million while 12 further shareholders and managers will pour 8.9 million. Andrea Sasso and Giorgio Gobbi head Dexelance which will invest such proceeds in M&A and organic growth. Private Equity Partners, the firm that Fabio Sattin and Giovanni Campolo, launched Dexelance in 2015 with Paolo Colonna, Giovanni Gervasoni, Michele Gervasoni, and other investors.
Confindustria, the Italian association of entreprises, joined Quant>ICO Investment Club Opportunities, a firm that ceo Antonio Da Ros and chairman Paolo Langè founded with the support of Unicredit Private Banking (see here a previous post by BeBeez). Gennaro Del Sorbo heads Unicredit’s UHNWI Strategic Development team. Aurelio Regina, a member of the Confindustria Executive Committee, Delegate for Energy and the Energy Transition aand Chair of the association’s Energy Technical Group, joined the board of Quant>ICO.
Milan-listed Azimut launched Secure Europe Technologies (SET), a 250 million euros private equity platform for the Italian and European technological and industrial sovereignty (see here a previous post by BeBeez). Azimut created two art 8 SFDR investments vehicles for implementing the strategy of SET: Azimut Eltif – Private Equity Secure Europe Technologies that aims to fetch 100 million from retail investors, and Azimut Secure Europe Technologies SCSp which aims to attract 150 million from institutional firms. SET will target the sectors of cybersecurity, protection of critical infrastructure, space technologies, robotics, and dual use. Salvatore Sberna, Azimut global co-head of alternative investments, Francesca Chiara Gennaro, managing director of Azimut Investments and the independent senior advisor Giovanni Soccodato will manage SET. Giorgio Medda is the ceo of Azimut BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Azimut and its investments. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
