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We look forward to seeing you on 24 November, Tuesday at the Park Hyatt Hotel Milan, Via Tommaso Grossi 1, at the BeBeez Networking Cocktail with our partner Newport & Co. Speakers will discuss about Corporate Carve-Outs: Unlocking Hidden Value. How new ownership and permanent capital turn non-core businesses into growth opportunities
How many healthy, profitable businesses with significant growth potential risk losing value simply because they are no longer strategic to their parent companies? And what if a divestment, rather than marking the end of a journey, could become the beginning of a new chapter of growth? Together with entrepreneurs, executives, investors and advisors, we will explore an often-overlooked segment of the m&a market: corporate carve-outs, transactions that allow large corporations to refocus on their core businesses while giving divested companies access to new ownership, fresh capital and renewed growth opportunities. Through three real-life case studies — Itasprings, Aketis and Sall — we will discover how permanent capital can unlock the hidden potential of non-core businesses, enabling them to thrive as independent companies without the pressure of a predetermined exit horizon. An opportunity to understand where value lies in corporate divestitures, how to identify it and how to turn it into compelling investment opportunities, while engaging directly with the people who have successfully executed these transactions. And, of course, an excellent opportunity to network with leading players in the m&a and private capital markets.
Event Programme
5:30 PM – Welcome Coffee & Registration
5:45 PM – Welcome Remarks
Tom Van Der Hagen, founder & ceo, Newport & Co
6:00 PM –Three Corporate Carve-Out Success Stories
- Itasprings – Marco Monti, ceo
- Aketis – Nicola Marzella, ceo
- Sall – Andrea Leonardi, ceo
6:15 PM – Stefania Peveraro, editor-in-chief, BeBeez, will moderate the following Round Table
- Tom Van Der Hagen – Founder & CEO, Newport & Co
- Stefan Schmid – CFO, Baumann Group
- David Sagan – Former Head of M&A, SolarEdge & Rolls-Royce
- Michele Torella – Director, EY
- Marco Messina – Director, PwC
- Philipp-Emanuel Pap – Managing Director, MP Corporate Finance
7:30 PM – Networking Cocktail
We look forward to seeing on 1 December, Tuesday, at BeBeez Private Capital Summit 2026 – The State of Private Markets 2026 that will take place in Palazzo Mezzanotte, Milan. Top Italian private capital professionals will discuss about market trends, transactions, data and perspectives. Buy your ticket here
(subscribers can write to info@edibeez.it
and get a 15% discount)
Programme
09.00 · Welcome coffee e registrazione
09.30 · The State of Private Markets 2026 in Italy
Stefania Peveraro, BeBeez Editor-in-Chief
09.40 · Institutional Keynote: More capital for Italian businesses: the Government’s economic policy on investment, innovation and the capital markets
Valentino Valentini, Viceministry of corporates and Made in Italy (tbc)
Q&A with Stefania Peveraro
10.00 · Italian Champions, Global Capital
Andrea C. Bonomi, founder & chairman, Investindustrial
- Raffaele Legnani, managing director, head of Milan office, HIG Capital
- Massimiliano Mascolo, Head of Private Equity Italy, EQT Private Equity
- Marco Tugnolo, investments director, FSI
10.50 · Born to Scale/1
Q&A with Luca Rossettini, founder D-Orbit
11.00 · Growth and relaunch capital
Laura Gasparini, Chief Corporate & Investment Banking Officer, Cherry Bank
Vincenzo Carbonara, Head of Growth Finance, Cassa Depositi e Prestiti
Umberto Rasori, ceo IQ-EQ Italy
Mauro Sbroggiò, ceo Finint Investments
11.50 · Born to Scale /2
Q&A with Gianluca Fioranelli, co-founder and ceo, Rent2Cash
12.00 · The entrepreneurs’ private capital
- Antonio Da Ros, co-founder and ceo, Quant>ICO
- Alessandro Raspa, managing director, Apollo Global Management
- Rinaldo Sassi, ceo Scouting
- Roberto Spada, founder and managing partner, Spada Partners
- Simone Strocchi, founder and ceo, Electa (Azimut Group)
12:50 Born to Scale /3
Q&A with Alessandro Monterosso, founder and ceo, SignSplit PBC
13.00 Private Capital Intelligence: the new BeBeez Private Data powered by Metriks AI
Stefania Peveraro, BeBeez Editor-in-Chief
Tiziano Cetarini, founder and ceo Metriks AI
13.10 · Networking lunch
14:10 · Born to Scale /4
Q&A with Luca Scelsa, cfo, Scalapay
14:20 · Born to Scale /5
Q&A with Gerardo Gagliardo, co-founder and cfo, Exein
14:30 · Real Assets: value creation and risk capital
15.30 · Closure speach ahead of Capital Gala (h 19.00)
Please write to info@edibeez.it for receiving information on sponsorship and join round-table discussions.
Special thanks to Cherry Bank, Spada Partners (Gold Sponsors), Banca Finint, Banca Valsabbina, EOS IM, Scouting, Quido (Silver), FG2 Capital, Duke&Kay, IQEQ, Metriks.AI, and Nextalia (Bronze).
At the Private Capital Gala there will also be the BeBeez Awards
Di Luccia & Partners and magnetiq are the special and technical sponsor for BeBeez Private Equity Backed Managers Awards.
You can read about 2025 edition in BeBeez Magazine of December 2025
BeBeez editorial team nominated the managers competing for the award on the ground of BeBeez Private Data analysis of the following indicators:
– M&A deals of the portfolio companies carried out in the last 24 months;
– secondary buyouts or share transfers based on rising enterprise value
– transformational M&A
– significant financing or refinancing transactions
– substantial business growth over the past year
Winners and Nominations
Big deal/big round/big bond: Lilviana Sforza, ceo Isoclima
Giovanni Fassi, group ceo Fassi Group
Andrea Giustini, presidente Eco-Eridania
Sergio Iorio, group ceo Italmatch
Add-on (Italian and Foreign targets): Federico Scalaberni, ceo ATTA Group
Gianluca Cencia, ceo RinovHa
Marco Codognola, ceo Itelyum
Vito Giurazza, ceo Tikedo
Transformational M&A: Marco Rampichini, ceo Glacialis
Maria Cecilia La Manna, ceo Italtractor
Andrea Lanuzza, ceo Aquanexa
Andrea Stolfa, ceo Omnia Technologies
Growth: Maurizio Odoardi, ceo Advanced Control Solutions
Giuliano Fontanesi, ceo Sostelia
Marco Giovannini, chairman Mech-I-Tronic
Antonio Musacchio, ceo Gruppo Servizi Associati
Readers’ Special Award: Filippo Zuppichin, ceo Piovan
For information on how to become a partner of the 2026 Private Equity Backed Managers Sector Awards,
Please write to
info@edibeez.it – subject: Awards
We look forward to seeing you for the Caffé di BeBeez on 9 November, Monday, at 10:30 AM
in Milan at Park Hyatt Hotel.
Top tier professionals will discuss the role of proprietary data, AI and intelligence in reshaping the competitive advantage for private capital and M&A
A journey through the entire economic intelligence value chain, to discover which data, tools and AI applications are already changing the way we invest, carry out M&A and create value in portfolio companies. It will be an opportunity to see, in a single morning, how the new private equity decision-making framework is being built, piece by piece. Artificial intelligence is changing the rules of the game on two fronts: in portfolio companies, where it can accelerate growth, productivity and value creation, and within the funds themselves, where it is transforming the way investment opportunities are identified, due diligence is conducted and the portfolio is monitored. OpenAI and Anthropic are developing new enterprise AI platforms in partnership with some of the world’s leading private equity firms. The London Stock Exchange explained the business rationale behind its acquisition of Octus emphasising the idea that the competitive advantage that proprietary data provide increases in value through artificial intelligence. Where this competitive advantage really comes from? Who has the best data? Who knows how to turn it into strategic insights and operational decisions? Which applications are already delivering tangible results? We will discuss this with the builders of this new infrastructure — from proprietary data to intelligence platforms, from AI models to intelligent agents — and with the funds that are using it to invest more effectively and grow their portfolio companies. A discussion aimed at understanding not only what is changing today, but above all who will be able to create the most value tomorrow.
Click here to book your place.
Programme
10.30AM Welcome Coffee
11.00AM Round-table discussion with Stefania Peveraro, BeBeez Editor–in-Chief as moderator
1. Operational data – Where the information that matters comes from?
Antonio Torino, ceo Workgroup
2. Data intelligence – How can you spot opportunities that others miss?
Fabrizio Vigo, co-founder & ceo Sevendata
3. AI agents – When does intelligence turn into action?
Tiziano Cetarini, founder & ceo Metriks AI.
4. The investor’s role – How much might the analyst’s job change?
Francesco Paolo Calia, co-founder of Quido 5. Private Equity – AI as a driver of value creation
Francesco Casiraghi, managing director Advent International, one of the founding partners of OpenAI Deployment Company, the organisation set up by OpenAI to accelerate the adoption of AI in businesses.
SAC, the manager of airports Catania-Fontanarossa and Comiso, expects to receive by 20 November, Friday, the offer for a 51% stake from potential investors through its advisor Mediobanca (see here a previous post by BeBeez). The asset is of interest to Mundys (Edizione and Blackstone), Save (Ardian and Finint Infrastrutture), 2i Aeroporti (F2i, Asterion and CDP Equity), Vinci Airports, Corporacion America Airports – Mada International Holding, and Adani Airport Holdings. BeBeez previously said that SAC could be worth 500 million euros and require infrastructural investments of at least 1.3 billion. SAC also attracted the reported interest of Royal Schiphol Group, Macquarie European Infrastructure Fund, Mag Overseas Investment, and Oman Airports Management Company.
Underdog Global Partners (UGP), a firm that Matt Rizzetta heads, is still interested in buying Italian football team SSC Napoli even though chairman Aurelio De Laurentiis reiterated that the club is not for sale (see here a previous post by BeBeez). UGP may table a 1.5 – 1.6 billion euros with the support of Ariel Investments and other co-investors. However, Rizzetta said that he would not negotiate further than early 2027. If a deal did not materialise, UGP may target other teams of the Campania region such as Juve Stabia or Real Aversa. BeBeez previously quoted De Laurentiis as saying that undisclosed Arab investors approached him for buying the team.
Francisco Partners and NYSE-listed KKR decided to purchase a minority of TeamSystem, a portfolio company of Hellman & Friedman (H&F), Silver Lake, Abu Dhabi Investment Authority (ADIA), and CapitalG (see here a previous post by BeBeez). Press reports said that Francisco Partners acquired a 10% of TeamSystem while KKR invested for a 5 on the ground of a 8 – 10 billion euros enterprise value. Tommaso Cohen is the ceo of TeamSystem while Federico Leproux is the executive chairman. Mario Razzini is a partner of Francisco Partners. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors KKR, Francisco Partners, Hellmann&Friedmann, Silver Lake Partners, ADIA, CapitalG, and their 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
Style Capital, a private equity investor that Roberta Benaglia heads, acquired a controlling stake of N°21, a fashion brand that former 70% owner Alessandro Dell’Acqua founded in 2010 and of which the Gerani Family previously had 30% (see here a previous post by BeBeez). The Gerani Family, owner of troubled Italian fashion firm Gilmar, sold a 30% of N°21. Paolo Chiesa, a manager of the target, may keep his role. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Style 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
Xenon acquired DEAS – Difesa e Analisi Sistemi from coo and foundress Stefania Ranzato (see here a previous post by BeBeez). Previous press reports said that the deal is worth 85 million euros. Enzo Vecciarelli is the ceo of DEAS, Carlo Festucci the vicepresident. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Xenon 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
The 1.2 billion euros construction of Generali Stadium is strategic for iconic Italian football team AC Milan (RedBird Capital Partners) (see here a previous post by BeBeez). Inter Milan (Oaktree) will also invest in such project. On 31 October, Saturday, BBC reported Gerry Cardinale, the ceo RedBird, as saying that the 650 million agreements on naming rights with Generali euros will end in 2052. Foster + Partners and MANICA designed the project for the stadium that is part of a urban regeneration of 281000 sqms.
Newport & Co completed the carve-out of Health Care Group‘s ReHa business unit that will rebrand as Aketis (see here a previous post by BeBeez). Tom Van der Haegen is the founder of Newport which retained Grifoni Associati, PwC Italy, Masotti Casella, and Ethica Group assisted the buyer. Nicola Marzella will be the ceo of Aketis. The vendors received assistance from Scouting, MR Avvocati and Studio Colella. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Newport & Co 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
Public Investment Fund (PIF), the Saudi Arabian sovereign wealth fund, received 3 billion US Dollars of resources with the warranty of SACE from 25 international banks (see here a previous post by BeBeez). The fund received a 1.78 billion line and a1.035 green facility in support of PIF’s Green Finance Framework. The new funding will enable PIF to further diversify its funding sources and encourage the fund and its portfolio companies in purchasing goods and services from Italian suppliers. Such deal is also the next operational step following the memorandum of understanding that PIF and SACE signed on 5 March 2025 for mobilising up to an additional 3 billion US dollars to support the projects of the fund and its portfolio companies, thereby facilitating Italian firms’ access to contracts of Saudi Vision 2030 programme.
Digital Value, a portfolio company of One Equity Partners (OEP), is mulling to appoint Maximo Ibarra as ceo and Alessandro Nasi as chairman for replacing Paolo Vantellini and Vittorio Palladino ahead of implementing a buy-and-build strategy (see here a previous post by BeBeez). Marco Patuano, Laura Cappiello and Maria Luisa Mosconi may resign as board members. 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
Mahindra & Mahindra increased by 20% its one euros per share take private offer on Milan-listed Pininfarina to 1,20 euros cum dividendo on the ground of a theoretical market capitalisation of 94.4 million euros and an enterprise value of 88.5 million (see here a previous post by BeBeez). Alfonso Prascina committed to tender his 10.0236% stake. The bidder will pay the same amount also to the shareholders who already accepted the offer at the previous price of one euro, without the need to submit a new acceptance form.
Safety21, a portfolio company of a multi-asset continuation fund gestito of BU-Bregal Unternehmerkapital, acquired 60% of Smartprise Italia from Swiss Smartprise (see here a previous post by BeBeez). Safety21 retained Chiomenti, Deloitte and Altenburger. The vendors received assistance from Startax. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors BU-Bregal Unternehmerkapital 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
Hong Kong’s Austen Capital International acquired Smart Evolution Trading (SET) and MD Tech from Roberto Aimasso (24.24%), Marcello Balestra (24.24%), Umberto Roccati (24.24%), Davide Giuseppe Devecchi (9.09%), Paolo Giovanni Rappelli (9.09%), and ZAGIR (9.09%) (see here a previous post by BeBeez) . Austen retained EY Law, da EY Tax and EY-Parthenon. The vendors appointed Prestige Legal while Studio Busani & Partners acted as public notary.
Equinox acquired 60% of Master from the Loperfido-Lacatena Family (see here a previous post by BeBeez). Michele Loperfido, Annacarla Loperfido, Stefano Loperfido, and the managers will keep their operative roles. Equinox retained Alvarez & Marsal Corporate Finance, Target, Gatti Pavesi Bianchi Ludovici, KPMG, GEA Consulenti di Direzione, Deloitte, ERM, and Marsh. The vendors appointed ApicAll and Russo De Rosa. Carlo Cangialosi is a partner of Equinox which aims to implement an international buy&build strategy for Master. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Equinox 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
Milan-listed RedFish LongTerm Capital (RFLTC) decided to launch a partial voluntary public exchange offer on the ordinary shares of its Paris-listed subsidiary Innovative-RFK (I-RFK) for raising 80% of the target that will remain public (see here a previous post by BeBeez). The 1,80 euros per share bid may be worth 4.47 million euros.
On 4 November, Wednesday, Sapere Aude Editori (SAE), a firm that ceo Alberto Leonardis heads, called off the sale of Italian paper Il Tirreno to Pier Ettore Olivetti Rason and his family (see here a previous post by BeBeez). On 29 June, Monday, the parties signed a binding agreement ahead of a closing on 3 November, Tuesday. SAE has losses of 2 million euros. Press reports said that Il Tirreno could be of interest to Stefano Nesti.
Geolive Belice issued an eight-years ESG minibond of 3.5 million euros that UniCredit and Mediocredito Centrale (MCC) subscribed while SACE provided a 50% warranty (see here a previous post by BeBeez). Paolo Lombardo is the ceo of Geolive Belice which will invest the raised proceeds in its organic growth.
Protesa, a subsidiary of SACMI, acquired 80% of ST Powertrain (see here a previous post by BeBeez). Emanuele Vassallo is the coo of Protesa. Tommaso Scala is the cto and head of sales of ST Powertrain. Paolo Mongardi is the chairman of SACMI.
CPI – Cattaneo Partecipazioni e Investimenti e Zero Capital acquired Lasertech from Maurizio Binelli and his familythat will reinvest in the deal (see here a previous post by BeBeez). LCA Studio Legale assisted CPI, while the vendors retained KPMG Corporate Finance, Cornelli Gabelli e Associati and B4Lex. Ricci e Radaelli acted as public notary
Sources said to BeBeez Campagnolo sold a 28% to SPAC, a Swiss firm of Ivan Glasenberg, the former ceo of London-listed Glencore who previously invested in Pinarello, Q36.5 and Technogym (see here a previous post by BeBeez). The Campagnolo Family will keep the majority ahead of relaunching the business. Terrin & Associati acted as lead advisor. Campagnolo retained Gianni & Origoni and KPMG. SPAC appointed CMS AACS while Chiarelli Druda Lombardi assisted the creditor banks. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors SPAC 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 4 November, Wednesday, Chebios, part of ECOSafety, said it acquired AMS Analitica (see here a previous post by BeBeez). Fulvio Basili is the ceo of ECOSafety while Per Cinzia Colagrossi heads Chebios. Federica Fucili is the ceo of AMS Analitica.
