On 10 October, Monday, Schema Alfa (a vehicle of Edizione and Blackstone Infrastrucuture Partners) will launch a public offer for the delisting of Atlantia at 23 euros per share (see here a previous post by BeBeez). The public offer will end on 11 November, Friday. Atlantia also received a banking facility of 1.5 billion euros ending in October 2024 that could be extended to April 2026 (see here a previous post by BeBeez). The loan has a Sustainability-linked Facility option to be exercised by March 2023. Banca Popolare di Sondrio, Banco BPM, Banco Bilbao Vizcaya Argentaria, Banca Nazionale del Lavoro, BPER Banca, Cassa Depositi e Prestiti, Crédit Agricole CIB, Mediobanca, Mizuho, Natixis, Société Génerale, and UniCredit provided the resources. White & Case assisted Atlantia, Legance the lenders. The company will reinvest such proceeds in refinancing a 750 million loan maturing in September 2023.
The Italian Government extended to 31 October, Monday, the exclusivity talks period with Certares for the sale of the majority of ITA Airways (see here a previous post by BeBeez). Certares is tabling a bid with Air France-KLM and Delta Airlines.
Lega Calcio Serie A is again of interest to international private equity funds (see here a previous post by BeBeez). Lega attracted expressions of interest from Searchlight and a consortium including Carlyle, Apax and The Three Hills. Private debt funds also may be involved in a deal.
Poste Vita is going to launch a public offer on Milan-listed Net Insurance who retained Vitale as financial advisor (see here a previous post by BeBeez). The buyers will pay 9.5 euros per share in cash and 4.81 euros per warrant for a total of 187.77 million euros.
In 3Q22, m&a operators closed 781 transactions in Italy (down 14% from 906 in 2Q21) for a total value of 56 billion euros (71 billion) said a report of KPMG (see here a previous post by BeBeez).
DMO Pet Care acquired 55% of Bauzaar an e-commerce and its subsidiary Joe Zampetti from Megamark, Matteo Valente and Domenico Gimeli (see here a previous post by BeBeez). DMO Pet Care’s 75% belongs to Peninsula Capital and Azimut Libera Impresa (ALI), Fabio Celeghin has 25%. DMO has sales of 173.8 million euros with an ebitda of 19.5 million and a net debt 26.6 millioni (si veda qui l’analisi di Leanus, una volta registrati gratuitamente). Bauzaar has revenues of 16.3 million and an ebitda of 0.225 million.
Ambienta committed to sell Swiss SF Filter Group, a producer of industrial components, to Equistone Partners Europe (see here a previous post by BeBeez). Ambienta acquired the majority of SF-Filter in February 2016.
Taste of Italy 2 acquired the majority of International Food, a producer of vegetal drinks, from the Gallo Family (see here a previous post by BeBeez). Sources said to BeBeez that Taste of Italy acquired 55% of the asset. International Food generates revenues of 14.7 million euros (70% abroad), an ebitda of 2.5 million and a net debt of 0.9 million.
Lutech, an ICT company that Apax Partners acquired in March 2021 from One Equity Partners, purchased Stain, an Italian MES (Manufacturing Execution Systems)software house (see here a previous post by BeBeez). Stain has sales of 3.8 million euros with a 42% ebitda margin and net cash of 2 million
Clessidra Private Equity created Argea, an Italian wine producer born out of the merger of Botter and Mondodelvino (see here a previous post by BeBeez). The Botter and Martini families have a minority of the business. Mondodelvino has sales of 112.6 million euros, an ebitda of 7.8 million and a net financial debt of 38.7 million. Botter has revenues of 284.5 million with an ebitda of 45.7 million.
Private Equity Fund 3 (Gapef3), part of Green Arrow Capital, acquired a controlling stake of Richetti, a Sicilian snacks producer (see here a previous post by BeBeez). The Richetti Family will retain a minority of the business and operative roles. Crédit Agricole, Bper Banca and Banca Sella provided a loan that includes Esg targets. The company also attracted the interest of Aksìa Group and Alcedo. Richetti has sales of 53.5 million euros, an ebitda of 4.5 million and net cash of 8.6 million.
Bluefield Partners, a London-based investor in renewabe energies, and Spain’s Arcano Capital acquired five photovoltaic plants in Sardinia with a total power of 6.2 MW and an asset in Lazio of 3.1 MW (see here a previous post by BeBeez). CRAB Holding, a firm of Roberto Balma, sold the assets. Project Lex assisted the buyers who hired BFP for the technical due diligence and ICFC for fiscal, accounting and financial due diligence. Chiomenti and CMC Capital acted as legal and financial advisor.
Customs Support, a digital customs forwarder that belongs to Castik Capital, acquired Mediterranean Customs Services (MCS) from Europa Trust (45%), the founder Andrea Nannipieri (45%) and Simone Campani (10%) (see here a previous post by BeBeez). MCS has sales of 5.2 million euros and an ebitda of 0.824 million with 2.5 million of cash.
M-Cube digital engagement, an Italian provider of instore marketing solutions that belongs to HLD Europe, acquired the whole Stentle, an Italian shopping experience services (see here a previous post by BeBeez). M-Cube acquired 66% of Stentel in February 2019. Manlio Romanelli is the chairman of M-Cube. Stentle has sales of 0.9 million euros and operative losses of 0.24 million
Credit Network & Finance, part of Italian tax collection company Gruppo Frascino, acquired a division of competitor Ica Tributi (see here a previous post by BeBeez). Credit Network aims to carry on further acquisitions . Luigi Frascino, chairman, founded Gruppo Frascino in 2007. The company has assets under management for 3.4 billion euros.
Schroders is going to launch an Eltif private equity for attracting the resources of mass affluents willing to invest at least 10,000 euros (See here a previous post by BeBeez). Luca Tenani is Schroders’ country head for Italy.
