BC Partners and Bain Capital have signed an agreement that will sanction the entry of BC Partners in the capital of the Fedrigoni group alongside the current majority shareholder Bain Capital with the Fedrigoni family and the management who will retain a minority stake (see here a previous article by BeBeez). Canson Capital Partners will co-invest with BC Partners (see here a previous post by BeBeez). Matteo Canonaco and James Simpson founded Canson Capital Partners in 2017. Fedrigoni’s enterprise value amounts to 3 billion euros. Canson manages assets worth 500 million.
Italian ATM company Bancomat signed a MoU for a partnership with FSI (See here a previous post by BeBeez). FSI is going to acquire a stake in Bancomat (See here a previous post by BeBeez). Bancomat’s current shareholders are Intesa Sanpaolo (24.2%), Unicredit (18.9%), Banco BPM (7.67%), MPS (7.57%), BNL BNP Paribas (5.05%), BPER (4.6%), Cassa Centrale (2.8%), and other minority owners.
Linkem Retail and Tiscali will merge from 1 August (see here a previous post by BeBeez). The deal was announced last year and the General meetings of both companies voted the deal last April. Linkem will own 61% of Tiscali on the ground of an enterprise value of 103.86 million euros. After such a merger, Tiscali will complete its turnaround. Linkem is private equity-backed by Leucadia National Corporation, through Jefferies Financial Group, BlackRock, RCG Special Opportunities Fund managed by Ramius Capital (part of Cowen Group), Vintage Capital and 2G Investimenti owned by Italian entrepreneur Guglielmo Tabacchi.
Trilantic Europe acquired the majority of of Passione Unghie (PU) from Orienta Capital Partners and the company’s founders Christiana Asekun and Fabio Covioli (see here a previous post by BeBeez). Trilantic Europe retained Lincoln International, LMCR / Studio Legale, BCG, EY, ERM, and Foglia & Partners as advisors. Orienta Capital Partners and the founders hired Jefferies, Shearman & Sterling, Roland Berger, and EY. PU is an e-commerce for nailcare products that has sales of 43 million euros, an ebitda of 15.8 million and a net financial debt of 9.1 million.
Ambienta sgr achieved its hard cap fundraising target of 1.55 billion euros (see here a previous post by BeBeez). European investors subscribed 55% of Ambienta which also announced the acquisition of Calpeda, an Italian producer of hydraulic companies that will be part of the fund’s sector platform Wateralia (See here a previous post by BeBeez). Calpeda will integrate with Caprari. Ambienta hired advisors Roland Berger, PwC, FRM, Linklaters, and Equita K Finance. Lazard, PwC and Legalitax assisted Calpeda. Wateralia financed the transaction with a Sustainability-Linked Loan that will charge a lower interest upon the achievement of ESG targets. After such an acquisition, Wateralia will generate sales of 220 million euros with an ebitda of 40 million.
Morato, an Italian baked food producer that belongs to Aliante Equity and the eponymous family, acquired the majority of Italian competitor NT Food frome the founders Nicoletta and Giovanna Del Carlo who will keep a minority (see here a previous post by BeBeez). NTFood Has sales of 35 million euros.
IA Media, a vehicle of Andrea Iervolino that owns social platform TaTaTu, acquired 75% of Mercato Metropolitano (MM), a London-based chain of vendors of Italian foods for 14.5 million euros and an equity value of 19 million (see here a previous post by BeBeez). Theparties carried on the transaction through a swap of shares.
Ennio Vitullo, former partner of Apeiron Management (the exclusive advisor of Apollo Global Management) and Europa Investimenti, together with Gestio Capital, a London-based multi-family office that Matteo Manfredi founded, launched Gestio Alternative, a platform for private capital investments in special situations, secondary private equity and real estate (see here a previous post by BeBeez). Gestio Alternative attracted the commitments from investors to subscribe a 3 million euros capital increase ahead of raising a further 30 million. Gestio Alternative will target firms in special situations with an enterprise value of 5 – 25 million in equity and mezzanine and senior financing transactions able to generate a 15% IRR.
Italian IT company DGS, a portfolio company of HIG Capital since September 2020 acquired Italian competitor Tow 80 from Beta 80 Group (see here a previous post by BeBeez). Alfredo Lovati, Paolo Testi, Anna Castelli, Fabio Zennaro, Francesco Silanos, Alessandro Annibaletti, Francesco Pedullà, and Matteo Lesma founded Beta 80.
Innovery, a cybersecurity company that belongs to Wise Equity, committed to acquire Spain’s competitor Open3S (see here a previous post by BeBeez). Rhombus GlobalConsulting advised Open3S. Simmons & Simmons, Spada Partners, BDO Spain, and You are Capital assisted Innovery that after such an acquisition will generate sales of 15 million euros in Spain and South America.
Neopharmed Gentili, a portfolio company of Ardian and of the Del Bono family, acquired Valeas, an Italian pharma player (see here a previous post by BeBeez). The Tritt Family sold the business. Valeas has sales of 41 million euros, an ebitda of 4.8 million and net cash of 49.4 million
Advent International’s Gruppo Irca, a producer of ingredients for sweets and ice creams, acquired Italian competitor Cesarin (see here a previous post by BeBeez). Latham & Watkins, KPMG Deal Advisory and M&A Tax assisted assisted IRCA. The vendors retained Pirola Pennuto Zei & Associati and Nethi Partners. Cesarin has sales of 25 million euros, an ebitda of 2.9 million and a net debt of 2 million.
Alfaparf Group, a cosmetics group, signed an agreement for acquiring 90% of Tricobiotos, a producer of professional haircare items from Alto Partners, the Bucaioni Family and Daniele Selleri (See here a previous post by BeBeez). Chairman and ceo Marco Bucaioni will keep his role and a 10% of the business. UBS, EY Studio Legale Tributario, and Studio Legale Gatto assisted the vendors. EY Strategy & Transactions, RDRA Studio Legale e Tributario and Studio BMLex assisted the buyers.
AMF Group, an Italian producer of luxury fashion accessories that since 2019 belongs to Alpha Private Equity, acquired French Chaines et Cie from Frédéric Dreyfus, who will reinvest in the company and keep his manager role (see here a previous post by BeBeez). Chaines et Cie Group and AMF will generate revenues of 120 million euros.
As BeBeez previously reported, PRG Retail Group acquired the assets of Toys”R”Us Iberia based in Spain and Portugal (see here a previous post by BeBeez). E&Y and Uria Menéndez assisted the buyers. PRG retail Group belongs to Artsana, which is of Investindustrial and of the Catelli Family. Artsana has sales of 1.515 billion euros.
Quinta Capital, an asset manager that Luca Turco and other managers founded in 2016, launched PHHL Nursing Homes (see here a previous post by BeBeez). The fund already signed a preliminary agreement for acquiring two elderly care homes based in Italy. Quinta Capital aims to carry on investments worth 200 million euros.
Equita Smart Capital Eltif , a private equity vehicle of Equita Capital, committed to acquire a 60% of Rattiinox, an Italian producer of industrial components (see here a previous post by BeBeez). The company’s founder Walter Ratti will keep a 40% of Rattiinox which has sales of 3.3 million euros, an ebitda of one million and net cash of 0.5 million
Seri Jakala, an Italian martech that belongs to Ardian, announced the investment for a 23% of French Clever Age and in Spanish Biko (see here a previous post by BeBeez). Clever Age is a tech-company operating in the-commerce sector, Biko is a digital interfaces firm. Jakala retained New Deal Advisors. In June 2018, Jakala attracted the investment of The Equity Club.
Arcadia Private Equity acquired 60% of KFL EST and CBS EST, two Italian air conditioning companies (See here a previous post by BeBeez). The targets’ managers reinvested for a 40% of the businesses.
HOPE, an investment vehicle that will reportedly list on Milan market for raising up to 250 million euros , appointed Cinzia Tagliabue as chairwoman (See here a previous post by BeBeez). Tagliabue, the ceo of Amundi, will replace Stefano Caselli.
Mindful Capital Partners (fka Mandarin Capital Partners) appointed Claudia Lazzari as ESG Officer (see here a previous post by BeBeez). Lazzari previously worked as ESG & Sustainability Senior Associate for the Sustainability department of PwC.
