Tcp Lux Eurinvest sarl, an investment vehicle that belongs to private equity Trilantic Capital Partners, signed an agreement for selling almost half of its stake in them Milan-listed gaming company Gamenet Group to the Chiarva Family (see here a previous post by BeBeez). The Chiarva family will keep its holding below 30% and will not launch a public offer for delisting Gamenet, who has a 15% market share, a turnover of 646.14 million euros and an ebitda of 104.71 million.
Milan-listed investment firm NB Aurora together with a group of family offices paid 30.2 million euros for 49.9% of Dierre Group, a manufacturer of systems for the protection of industrial automation (see here a previous post by BeBeez). NB carried on such a transaction together with undisclosed family offices that bought 7.9% of the target company. Gradiente sold its 46.1% in Dierre that acquired in February 2016. Chairman and founder Giuseppe Rubbiani sold a 3.8% of the company and kept a 50.1% stake as well as his role. Dierre aims to grow in Germany and in France where there are several acquisition opportunities. The company has sales of 46 million, and an ebitda in the region of 8 million.
Salcef Group, an Italian railway systems and technology company that signed a business combination with Italian Spac Industrial Stars of Italy 3, acquired Coget Impianti a producer of components for the railway industry (see here a previous post by BeBeez). Salcef will pay Coget 6.72 million and a floating amount dependant on the target’s net working capital (4.3 million) and ebit for 2019 and 2020 (up to 4.5 million). The transaction is worth 3X Coget’s ebitda, which is worth 5.5 million for a turnover of 21 million.
Investment holding Red-Fish Kapital acquired Asco Filtri, a producer and merchant of industrial filters (see here a previous post by BeBeez). Ennio Michelini (ceo) and Massimo Mascheroni (coo) reinvested in Asco. Maurizio Arcari (previously manager of Emerson Automation) will hold a stake in the company and will work as head of international development. Asco Filtri has sales of 19.9 million euros, an ebitda of 1.9 million.
Bluegem Capital Partners won the auction for acquiring the Italian producer of professional hair care products Pool Service-Medavita (see here a previous post by BeBeez). Bluegem beaten the competition of Aksìa Group and tabled a bid on the ground of an enterprise value of 64 million euros or 9x the ebitda of 7 millions that Pool Service posted in 2018 for consolidated revenues in the region of 40 millions. Pool Service-Medavita is one of the companies that BeBeez Private Data monitors. Find out here how to subscribe to the Combo Version that includes the reports and the insight views of BeBeez News Premium 12 months and grab our Summer offer.
Troubled Italian logistic company Artoni sold its real estate assets and transport activities respectively to Prelios and Fercam for 52.9 million euros (see here a previous post by BeBeez).
AromataGroup, a portfolio company of Ambienta, acquired the majority of Ipam, a producer of food ingredients (see here a previous post by BeBeez). The Manenti Family sold the asset. Ipam has sales of above 20 million euros. Aromata turnover is of 30 million with an ebitda of 5 million.
Alcedo acquired 68% of Eurorochef Italia, an Italian producer of ready meals, and received the financing from Banco Bpm (see here a previous post by BeBeez). Alcedo acquired the stakes of Eurochef founders Stefano Stanghellini, Alessandro Cipriano, and Franca Raspa. Stanghellini and Cipriano will keep each a 16% stake and their roles as head of production-purchases and as commercial director. Eurochef has sales of 18.5 million euros, an ebitda of 3.7 million, and net cash of 1.9 million. Alcedo is one of the investors that BeBeez Private Data monitors. Find out here how to subscribe to the Combo Version that includes the reports and the insight views of BeBeez News Premium 12 months and grab our Summer offer.
Tecnica Group, an Italian skiwear producer of which Italmobiliare has 40%, raised from 60% to 75% its holding in German Lowa, which in turn acquired Riko Sport, a producer of shoes for sport (see here aprevious post by BeBeez). Lowa’s remaining 25% belongs to Swiss manager Werner Riethmann. After such an acquisition, Tecnica turnover is in the region of 400 million euros. Riko has sales of 110 million with a 10% ebitda margin. Lowa’s revenues are in the region of 192 million. Tecnica’s ebitda is of 37.7 million for net financial debt of 113.4 million. One of Tecnica’s main lenders is private debt fund Dea Corporate Credit recovery
Progressio acquired the majority of Damiano, a Sicilian producer of bio dry fruit ingredients, from the company’s ceo Riccardo Damiano (See here a previous post by BeBeez). Mediocredito financed the transaction. Michel Klersy, a seasoned manager of transnational food companies, will join the company’s board. Damiano has sales of above 45 million euros and generates more than 80% of such turnover in USA, France, and Germany. Progressio is one of the investors that BeBeez Private Data monitors. Find out here how to subscribe to the Combo Version that includes the reports and the insight views ofBeBeez News Premium 12 months and grab our Summer offer.
Ergon Capital acquired the majority of Dolciaria Acquaviva, a producer of bakery products based in the Southern Italian region of Campania (See here a previous post by BeBeez). The eponymous family sold part of its stake in the business who attracted the interest of BC Partners as well. Pierluigi (ceo), Giuseppe, and Marco Acquaviva will re-invest in the company together with Ergon. Dolciaria Acquaviva has sales of 60 million euros and a 15 million ebitda.
Quadrivio’s Industry 4.0 Fund acquired from the Accornero Family the majority of Rototech, a producer of components for industrial and agricultural automotive (see here a previous post by BeBeez). Chairman Oreste Accornero will keep his role while BPM financed the transaction. Rototech generates abroad 90% of its 60 million turnover.
Xenon PE hired Fineurop Soditic for selling Gruppo De Wave, an Italian company operating in the field of ship construction (see here a previous post by BeBeez). The asset attracted offers from NB Renaissance and Stirling Square Capital Partners. In 2014 Xenon supported for a management buy-out De Wave’s ceo Giovanni Battista Bozzo, who purchased 3% of the asset together with other managers. The company has sales in the region of 150 million euros with an ebitda of 20 million.
RGI, an Italian insuretech that belongs to US private equity Corsair Capital, acquired Germany’s Novum, a publisher of software for insurers (See here a previous post by BeBeez). RGI founder Paolo Benini, the company’s executives, and Ardian (who acquired 72% of the asset in 2014) sold their stakes to Corsair in January 2018.
Eurofiere, a trade fairs stands company controlled by Eos Pe, acquired Italian competitor Xilos Temporary Architecture from the Golfieri-Labanti family (see here a previous post by BeBeez). Xilos has sales of 9.8 million with an ebitda of 0.48 million.
SisalPay, the payment unit of gaming company Gruppo Sisal, a portfolio asset of CVC Capital Partners, signed an agreement with Intesa SanPaolo’s Banca 5 for setting an Italian network of proximity banking (see here a previous post by BeBeez). The companies will set a newco (70% Sisal Group and 30% Banca 5) that will supply banking products and payment services through over 50,000 local retailers. Sisal turnover is of 845 million euros (820 million yoy) with an ebitda of 233 million (215 million) and net financial debt of 526 million (567 million).
Contour Global Solar Holdings acquired Italian photovoltaic energy company Interporto Solare from Fondo Hat Sistema Infrastrutture, PPP Italia, and Sinloc (see here a previous post by BeBeez). Interporto Solare’s plants have a power capability of 12,4 MWp. ContourGlobal Solar Holdings (Italy) is a joint venture that ContourGlobal signed with Credit Suisse Energy Infrastructure Partners.L’investimento complessivo in Interporto Solare era stato di 46 milioni di euro. HAT cashed a return of 4.5 X the invested capital.
Fondo Italiano per l’Efficienza Energetica (Fiee) acquired 15.82% of wind farms developer PLT Energia through the subscription of a capital increase of 25 million euros and a convertible bond of 5 million (see here a previous post by BeBeez). PLT Energia delisted from Aim Italia in April 2018 as theTortora Family launched a public offer.
Limes Renewable Energy, an Italian renewable energy company, which raised capital from both institutional investors and HNWI, opened a branch in Santiago, Chile (see here a previous post by BeBeez). Limes ceo is Cristiano Spillati , Gian Oddone Merli is the chairman, David Armanini is the cfo.
AV Green 3 and Sammartein Società Agricola, both part of Americas Power Partners, signed two project financing multi-borrower contracts for 3.28 million and for 3.325 million (see here a previous post by BeBeez). Banco Bpm acted as lender and hedging counterpart. Sammartein owns a plant that generates electric energy out of vegetal biomasses.
Enav, the Italian company that provides services for the management and the control of air traffic, paid 41 million euros for the Air Navigation unit of IDS – Ingegneria dei Sistemi (see here a previous post byBeBeez). Enav paid the transaction 5.5 the target’s ebitda for 2018 (8.9 million). Enav signed an agreement for eventually acquiring by June 2020 the Air Navigation units of IDS North America and IDS Australasia. IDS has sales of 50.1 million, an ebitda of minus 14.5 million, and net financial debt of 18 million
MacNil, part of Italian IT Group Zucchetti, acquired KFT and GuardOne Italia (see here a previous post by BeBeez). Both companies are providers of systems for satellite localization and antitheft for cars and corporate fleets. Nicola Lavenuta will head KFT, while Mariarita Costanza will manage GuardOne.
