Gruppo Caffo 1915 acquired Dutch spirits producer Petrus Boonekamp from industry giant Diageo (see here a previous post by BeBeez). Sebastiano Caffo, the group’s ceo, said that the company is interested in further acquisitions. Gruppo Caffo has sales of 71 million euros and an ebitda of 20.3 million.
Agro Due, a subsidiary of IdeA Agro, which is part of DeA Capital Alternative Funds, raised an undisclosed financing facility from Credìt Agricole Italia (see here a previous post by BeBeez). The company will invest such proceeds in developing further Agro Due’s project for the creation of a hazelnut grove of over 260 hectares in Alessandria area as part of the Nocciole Italia programme. Ferrero Hazelnut Company, a subsidiary of Gruppo Ferrero for the cultivation of Italian hazelnuts Idea Agro. The fund acquired such lands in April 2019. In 2017, Dea Capital Alternative Funds set a fundraising target of 100-110 million euros for IdeA Agro. In July 2018, the fund reached its first closing for 80 million. Pier Felice Murtas heads IdeA Agro.
Bruin Sports Capital called off the auction for Deltatre, an Italian provider of data and infographics for the sport sector (see here a previous post by BeBeez). Bruin Sports Capital aims to focus on the asset’s organic growth. Earlier in January, Bruin Sports Capital hired Evercore for selling Deltatre on the ground of an enterprise value of one billion euros before the coronavirus turmoil. The asset attracted the interest of Eqt, Ardian, Permira, Bc Partners, Apax, and Bain Capital. Deltatre has sales of 51.7 million, an ebitda of 6.6 million, and net cash of 0.496 million. In November 2018, Deltatre invested 112 million for acquiring Massive Interactive, a provider of technology for communication and entertainment that has sales of 42 million. Bruin Sports Capital invested 122 million for a 51% of Deltatre in July 2016. Giampiero Rinaudo and Luca Marini, the company’s founders, kept a 49% stake. Mediacontech (fka Euphon), of which Synergo had 78.371%, sold the asset as part of the restructuring agreement that signed with its lenders. Bruin Sports Capital beaten the competition of Wme Img, European Broadcasting Union, Sportradar, Oceans Marketing, Lander Sports, and of joint bidders Chime Communications (part of Wpp) and Providence.
Italian online daily news provider Lettera43, is holding sale talks with two potential undisclosed buyers (see here a previous post by BeBeez). Sator, the private equity that Matteo Arpe heads, owns an above 80% stake of News 3.0, the publisher of Lettera43. In 2018, News 3.0 posted losses of 1.2 million euros, an ebitda of minus 0.6 million. The editor in chief Paolo Madron, a shareholder of News 3.0, would keep his role if the company finds a buyer, while the ceo Giorgio Gabrielli would leave the company. News 3.0 will keep publishing Rivista Studio and Undici.
Milan-listed Atlantia denied press reports saying that it was close to selling 51% of ASPI to the infrastructure fund of Allianz (See here a previous post by BeBeez). Atlantia has 88% of ASPI, a vehicle that manages Italian motorways. Further shareholders of Aspi are Allianz (6.94% since 2017) and China’s Silk Road Fund (5%), that would sell all their interest in the business. Allianz acquired its stake in Aspi on the ground of an enterprise value of 14.8 billion. In 3Q19 Aspi posted sales of 3.1 billion, an ebitda of 1.9 billion, and a net financial debt of 8.4 billion.
Arrigoni, an Italian producer of nets for agriculture, is holding exclusive acquisition talks with private equity Armonia for a 70% stake (see here a previous post by BeBeez). Paolo Arrigoni (ceo) owns 30% of the business that attracted the interest of Palladio, Wise and Fondo Italiano d’Investimento. The asset could be worth 60 million euros, while sales amount to 29.5 million, ebitda to 5.9 million. In 2016, Arrigoni acquired Italy’s Artes Politecnica. Armònia’s founders are Luca Rovati, Sigieri Diaz della Vittoria Pallavicini, Alessandro Grimaldi, and Francesco Chiappetta. Italian entrepreneur Fabrizio Di Amato, the chairman of Maire Tecnimont, joined the founders. In 2019, Armonia acquired Friuli Estintori, a vendor of fire-fighting products and a provider of maintenance services. In August 2019, Armonia and Fidim, the holding of the Rovati Family, signed a preliminary agreement for acquiring 48.2% of BioDue and delisted the company from Milan stock market on 11 December 2019. In January 2018, Armònia acquired 68.5% of Gruppo Servizi Associati (GSA), an integrator of fire-fighting systems for infrastructures.
The readers of BeBeez News Premium have access to the BeBeez Reports and Insight Views. The monthly subscription fee is 20 euros per month plus VAT (or 240 euros per year plus VAT). The subscription to BeBeez Private Data Combo grants access to BeBeez Private Data, a database that includes the financials of more than 1700 Italian companies that belong to private equity, venture capital and private debt investors, and allows to access BeBeez News Premium for a monthly fee of 110 euros plus VAT (or 1320 euros plus VAT per year). Students can subscribe to BeBeez News Premium for 15 euros (VAT included) for the first month and renew the subscription monthly. Please click here or write to info@edibeez.it for further information about the subscription procedure
