Italian entrepreneur Enrico Preziosi aims to sell Italian iconic Genoa Cricket and Football Club (see here a previous post byBeBeez). Assietta is advising for the sale. Genoa posted a loss in the region of 4 million euros, a turnover of 87.9 million, and an ebitda of 21.8 million. The team’s net financial debt is of 11.3 million, while NAV is negative for 10.3 million euros. Genoa belongs to Mr. Preziosi since 2003. Sources said to BeBeez that Assietta asked the team’s ceo Alessandro Zarbano to explain what made fail the previously reported attempts of Preziosi to sell Genoa. Mr. Preziosi is also the founder of toys maker Giochi Preziosi, which is involved at the moment in talks to buy Spanish toy maker Famosa Toys sa and Italian peluche maker Trudi.
Piero Gandini resigned as ceo of Design Holding, the luxury design group that owns B&B Italia, Flos and Louis Poulsen and that belongs to Investindustrial and Carlyle (see here a previous post byBeBeez). The funds and Gandini have different views over the company strategy. Vice chairman Giorgio Busnelli and ceo Gabriele Del Torchio will keep their job. Design holding has sales of above 500 million euros. Flos posted revenues above 226 million euros in 2018 and an ebitda of 25.9%.
Bomi, the Aim-listed logistic provider for the pharmaceutical and healthcare sector now officially belongs to French private equity ArchiMed (see here a previous post by BeBeez). The fund actually acquired 98.555% of the shares under a tender offer worth 66.6 million euros and 98.399% of the convertible bonds under offer amounting to 5.9 millions. ArchiMed will delist Bomi. Gruppo Bomi had sales of 126 million in 2018 (117.8 million the previous year), an ebitda of 12.1 million (11.3 million), and a net financial debt of 35.2 million (25.5 million).
Banca Finint is launching a private equity turnaround fund for supporting the troubled manufacturing companies based in the North East of Italy (see here a previous post by BeBeez). Enrico Marchi, the chairman of Banca Finint, said that the fund will target companies with a solid industrial performance, but with financial problems.
Philogen, an Italian biotech company, raised 62 million euros through a capital increase (see here a previous post by BeBeez). Press reports say that Equity Partners Investment Club (EPIC), the club deal platform that Mediobanca launched, acquired 18% of Philogen. Roberto Ferraresi, head of Epic, joined the board of Philogen together with Guido Guidi and Roberto Marsella. Philogen belongs to Duccio, Dario, and Giovanni Neri (60%) and to Italian entrepreneur Sergio Dompé (40%), who is also an investor of Equity Partners Investment Club.
Dainese, an Italian producer of clothes for motorbike racing that belongs to Barhain based Investcorp, is of interest to Charterhouse and Eurazeo (see here a previous post by BeBeez). Previous press reports said that the asset is of interest also to Ardian, L-Catterton, Carlyle, and Permira. Cristiano Silei is the ceo of Dainese, which has revenues of 184.7 million euros and an ebitda of above 25 million. The company could be worth up to 14X the ebitda or 400-500 million. Investcorp acquired 80% of Dainese in November 2014 on the ground of an enterprise value of 130 million.
Carlyle tabled a binding offer of 900-950 million euros for Forgital, an Italian industrial company that belongs to the Spezzapria family (83%) and to Fondo Italiano d’Investimento, whose subscribers are Milan-listed NB Aurora e and a fund managed by Neuberger Berman (see here a previous post byBeBeez). Forgital has sales of 419.4 million, an ebitda of 82.7 million, and net financial debt of 108.8 million. The company’s equity value is of 770 – 830 million, the enterprise value could be of up to 922 million.
Dolciaria Acquaviva, an Italian producer of frozen croissant that the Acquaviva family controls, hired Leonardo-Houlihan Lokey for exploring options (see here a previous post by BeBeez). The asset is of interest to BC Partners, who already owns Forno d’Asolo, and Ergon Capital. Dolciaria Acquaviva has sales in the region of 60 million euros (49 million the previous year), an ebitda of 15 million (9.6 million), and a net financial debt of 2.9 million
Kraft Heinz expects to receive non-binding offers for Plasmon in these days (see here a previous post by BeBeez). Plasmon, an Italian producer of food for infants, could be worth more than 700 million euros. Press rumours said that Kraft-Heinz hired JP Morgan for selling the asset who attracted interest from Advent, Permira, Lion Capital, BC Partners, Investindustrial, PAI, and Cinven.
Industria Chimica Emiliana (Ice) is of interest to private equity funds Bain Capital, Advent International, Cinven and Astorg (see here a previous post by BeBeez). Bids are in the region of 600 million euros. Walter Bartoli founded Ice in 1949 together with his wife Ida. The Bartoli family still controls the business that has sales of 205 million, an ebitda in the region of 60 million, and a net financial debt of 12.25 million.
Gruppo Magnaghi received from Unicredit credit lines for 11 million euros for financing the company’s organic development and its international expansion (see here a previous post by BeBeez). Naples based Magnaghi is a producer of components for the aeronautic industry that in April 2018 sold a 25% to private equity The Three Hills Capital Partners. The financial investor suscribed debt instruments and a capital increase together with the company’s executives. Paolo Graziano is the ceo of the company that has sales of 100 million.
