Italian Private Equity funds close deals abroad and try to involve retail investors
Wise sgr sold Colcom Group, an Italian producer of joints for glass doors, to German peer Simonswerk (see here a previous post by BeBeez). Gabriele Basile will keep his role as ceo together with Colcom’s management team. Simmons & Simmons and Spada Partners provided legal and tax assistance to Wise. Simonswerk’s advisors have been ONEtoONE Corporate Finance, Linklaters, EY, Chair of Machine Tools (WZL, RWTH Aachen), and Arcadis. In 1961, Ezio andSergio Collio founded Colcom, which has sales of 15.68 million euros and an ebitda of 1.94 million. Michael Meier is the ceo of Simonswerk, that has revenues of 122 million (56% abroad).
Mediobanca placed 135 million euros for Mediobanca Private Markets Fund (see here a previous post by BeBeez). Mediobanca Private Markets Fund is an illiquid investment vehicle for private and institutional investors that Mediobanca Private Banking launched. Mediobanca’s initiative in the private assets market follows the trend of major international asset managers who are selling to their retail and private banking clients specific products with a focus on private assetes markets. For a specific focus on the issue, readers of BeBeez News Premium 12 months might see here the BeBeez’s Insight View of last March 11 (find out here how to subscribe to BeBeez News Premium for just 20 euros per month ).
Credem Private Equity closed the 100 million of euros fundraising for private equity funds for retail investors (see here aprevious post by BeBeez). Paolo Magnani, is Credem co-ordinator of the wealth management department, Gianmarco Zanetti, is the coo of Credem’s Euromobiliare Advisory sim. Andrea Dolsa is the cio of Euromobiliare Asset Management. Magnani added that the bank will soon launch a private debt and a platform for NPLs for retail investors.
Italian construction group Pizzarotti tabled a bid for competitor in receivership C.M.C. (Cooperativa Muratori e Cementisti) (see here a previous post by BeBeez). On 29 March, CMC will hold a board that will have to decide whether to submit a restructuring plan to Ravenna Court.
Italian paytech company Nexi filed for the IPO on Milan Stock Market (see here a previous post by BeBeez). The company may list on April 2019 through the sale of shares and the launch of a capital increase of 600-700 million euros. Rumours say that Nexi’s publicly trade equity would be 35% on the ground of an enterprise value of 6.5-7.5 billion, which includes the net financial debt of 2.5 billion.
Ambienta acquired from Chequers Capital a majority stake of Phoenix Group, a producer of industrial components for the aluminium sector for 200-250 million euros (see here a previous post by BeBeez). Ambienta beated the competition ofPortobello. Phoenix founders, manager and its ceo Roberto Rusticelli own a minority of the business.
Cerved, the listed Italian credit management and business intelligence group, appointed Andrea Mignanelli for the role of ceo after the unexpected resigning of Marco Nespolo and the interim of Gianandrea de Bernardis (See here a previous post by BeBeez). Even though Advent International dropped its plans for launching a public offer for Cerved on the ground of an enterprise value in the region of 2.3 billion euros, the company’s shares climbed again after the rumours of the interest of Pai and Blackstone.
Palladio Holding closed the acquisitions of photovoltaic plants based in Apulia and in Sicily with a 3 MW power (see here aprevious post by BeBeez). Palladio closed such transactions through the vehicle ForVEI.
Orienta Partners arranged a club deal of private investors for acquiring Passione Unghie, a manufacturer of nails care products that Christiana Asekun and Fabio Covioli founded in 2011 (see here a previous post by BeBeez). Orienta Partners and the company’s founders received financing from Equita Private Debt Fund, Mediocredito Italiano, Banco BPM, and Banca IMI. Passione Unghie has sales in the region of 18 million euros and aims to expand its operations abroad.Shearman&Sterling provided legal advisory to Orienta Partners while Pavia e Ansaldo assisted the vendors together withCross Border. Equita hired law firm McDermott Will & Emery. The financing banks appointed lawyersSimmons&Simmons.
Eurazeo sold all of its 4.8% in Milan listed fashion firm Moncler at 36.5 euros per share (see here a previous post byBeBeez). Eurazeo fetched 445 million through an accelerated bookbuilding sale to institutional investitors. The French private equity has been a shareholder of Moncler for eight years and gained 1.4 billion out of such a transaction or 4.8 X the invested equity for an annual IRR of 43%. Moncler launched its IPO in December 2013, while Eurazeo acquired 45% of the business in 2011 on the ground of an equity value of 930 million and an enterprise value of 1.2 billion.
Kairos, the asset management firm that chairmain and ceo Paolo Basilico founded and that belongs to Zurich listed Julius Baer, is of interest to private equity firms and trade buyers (see here a previous post by BeBeez). According to press rumours, the vendors advisor Goldman Sachs has sent info memos a group of potential investors ranging from Mediobanca to Lombard Odier, Apax Partners, Centerbridge, Altas Merchant, JC Flowers, Hellman&Friedman. Further rumours say that Dea Capital and Banca Profilo dropped their interest for Kairos, that could be worth 400-500 million euros.
