Oaktree Capital Management tabled a bid to Italian Lega Calcio Serie A a 15-years contract of one billion euros per year for launching a TV channel (see here a previous post by BeBeez). Luigi De Siervo is the ceo of Lega Serie A, which received bids of 880 million per year for the TV rights for 2024-2029, an amount that is below the 1 billion asking price.
BC Partners hired Rothschild for selling Italian food company Bindi-Forno d’Asolo (FDA Group) on the ground of an enterprise value of one billion euros (see here a previous post by BeBeez). FDA has sales of 500 million with an ebitda in the region of 80 million, net financial debt of 377 million, and equity in the region of 219 milion.
Save, the airports management holding of DWS, InfraVia Capital and Finint (12%), tabled a proposal for acquiring 3.009% of Verona’s Aeroporto Valerio Catullo for 2.8 million euros from Fondazione Cariverona which accepted the offer (see here a previous post by BeBeez). Save aims to achieve the majority of Catullo Airport which reportedly launched a capital increase of 30 million on 21 September, Thursday, with the support of financial advisor Intermonte. The unsubscribed shares will have a price of 23,7 euros. The current shareholders of Catullo Airport are Save (43.457%), Camera di commercio di Verona (18.819%), Provincia autonoma di Trento (14.238%), Provincia di Verona (9.919%), Comune di Verona (4.679%), Fondazione Cariverona (3.009%), Provincia autonoma di Bolzano (2.172%), Provincia di Brescia (2.153%), and further minority owners that have a total of 1.554%. Provincia autonoma di Trento said it will invest 4.3 millio in the capital increase. Catullo Airport has sales of 40.7 million, an ebitda of 0.87 million, and net financial debts in the region of 1.8 million.
MinervaHub, an Italian producer of components for luxury items that was born earlier in April out of the merger of Ambria Holding and XPP Seven, acquired Italian producer of components for luxury fashion firms Goretti, Deadema, Teknomabel, and Ѐstro Lab (see here a previous post by BeBeez). According to BeBeez, the companies belongs to the Papi Family. Goretti has sales of 30 million euros, an ebitda of 6.9 million, debts of 0.738 million and equity of 12.2 million.
City Green Light, a public lighting company that belongs to Fondo Italiano per l’Efficienza Energetica (FIEE), Marguerite and the European Investment Bank, acquired the same-sector assets of Ceie Power (see here a previous post by BeBeez). The vendor has sales 49.5 million euros, an ebitda of 12.9 million and net cash of 23.7 million.
Dacke Industri, a Swedish patient capital investor that belongs to Nordstjernan since 2016, said it acquired the majority of Italy’s MecVel, a producer of industrial components, from even owners Miria Bastoni and Roberto Viviani (see here a previous post by BeBeez). Chiomenti and CFA – Corporate Finance Advisors assisted the buyers. The vendors retained Stefano Vanni and Carlo Carpani. MecVel has sales of above 12 million euros, an ebitda of 0.95 million and a net financial debt of 1.2 million.
MVC Group, an Italian producer of outdoor and cycling clothes of which in 2019 Equinox acquired a 60% from the Cremonese Family on the ground of a 200 million euros enterprise value, acquired 70% of US competitor Zoot (see here a previous post by BeBeez). MVC received assistance from Mediobanca, Advant Nctm, Tarter Krinsky&Drogin, and PwC. Zoot hired Meriwether Group, White Summers and Mark Hayes CPA. The target has sales of 10 million US Dollars and an ebitda of 3 million.
MTW Holding, an Italian pole for the production of luxury brands accessories that since 2022 belongs to Deutsche Beteiligungs, acquired Florenradica, an Italian same-sector firm, from even owners Mauro Baratti and Claudio Baratti (see here a previous post by BeBeez). MTWH and DBAG hired EY, Erm, Aon, and Gattai, Minoli, Partners. After such a transactio, MTWH will generate sales of 170 million euros. Florenradica has revenues of 4.2 million, an ebitda of 1.3 million, net cash of 0.38 million, and equity of 1.3 million
Spain’s Krustagroup, part of sea food and frozen fish vendor and distributor Amasua, acquired the majority of Effegi Service, an Italian competitor (see here a previous post by BeBeez). Effegi belongs to Mantua Surgelati (52%), Italfrost (16%), Laura Benci, Giuseppe Oppio, Luca Cirri (8% each), Massimo Franzoni, and Elisa Savoia (4% each). The company has sales of 45 million euros, an ebitda of 0.777 million, net debts of little above 11 million, and equity of 5.8 million.
Argos Surface Technologies, an Italian industrial company that belongs to Gradiente since 2020, acquired Galvanotecnica Salvatori Bologna ahead of rebranding it as Argos GSB (see here a previous post by BeBeez). Fabio Salvatore and Luca Salvatori sold the company, but kept their management roles. Legance advised Credit Agricole and Banco BPM which financed the transaction. Argos retained VGN Studio Legale, Epyon Consulting, NCTM Advant Studio Legale, and Studio Russo de Rosa e Associati. The vendors hired Carlo Conti and Gianni & Origoni. Galvanotecnica has sales of 4.4 million euros, an ebitda of 1.9 million and net cash of 0.864 million. After such an acquisition, Argos Surface Technologies will have revenues of 60 million.
OTK Kart Group, an Italian producer of go-karts that owns the brand Tony Kart and belongs to QCapital, BIC Capital (70%) and the Robazzi Family (30%), merged with Vega, a competitor of the Mantese Family (see here a previous post by BeBeez). Crédit Agricole Italia and Intesa SanPaolo financed the transaction. After such a merger, the Robazzi and Mantese Families will keep a minority and their management roles. OTK received assistance from EY, Advant Nctm, Essentia, Pedersoli Studio Legale, and ERM. Vega retained Deloitte and GLA Lex – Giliberti Triscornia e Associati. The companies will generate an aggregate ebitda of 15 million euros (9 million OTK Kart and 6 million Vega).
Parmacotto, an Italian food company, is mulling for listing on Milan stock market a 45% stake by 2026, ceo Andrea Schivazappa was quoted saying (see here a previous post by BeBeez). The company completed its receivership process in 2020, ahead of schedule. For 2023, Parmacotto exepcts to generate revenues of 150 million euros.
Baxi, an Italian producer of heating items that since 2009 is part of Dutch BDR Thermea, acquired 25% of G.I. Holding, an Italian competitor (see here a previous post by BeBeez). Baxi may increase such a stake in the target that previously belonged to ceo Paolo Baldissin (71%), RCapital (19%), and Friulia (10%). Baxi hired Deloitte Legal and Deloitte Financial Advisory. G.I. Holding appointed Fivelex Studio Legale e Tributario. G.I. Holding has sales of 73.7 million euros, an ebitda of minus 0.204 million, net debts of 19 million, and equity of 8.4 million.
Italian retailer of house items Kasanova acquired Dmail, a vendor of electronic items, from Percassi (see here a previous post by BeBeez). Proactiva Strategy M&A assisted the buyer which belongs to Mario Brambilla (37.93%), Silvia Brambilla (34.77%), Maurizio Ghidelli (10%), Giovanni Ghidelli (4.47%), and further minority shareholders. Kasanova has sales of 362.8 million euros, an ebitda of 2.7 million, net losses of 1.5 million, net financial debts of 27.5 million, and equity of 41.2 million.
Gunnebo Safe Storage, part of Swedish Gunnebo (a portfolio company of Altor Equity Partners and Stena Adactum that delisted the company from Nasdaq Stockholm in 2020), said it acquired Italy’s Tecnosicurezza, a producer of safety closures, from the Miller Family (see here a previous post by BeBeez). Pirola Pennuto Zei & Associati assisted the buyers. Tecnosicurezza has sales of 6.5 million euros, an ebitda in the region of 0.86 million and net cash of 1.3 million.
French private equity Montefiore Investment raised 1.4 billion euros (see here a previous post by BeBeez). Earlier in May, Montefiore acquired a controlling stake in Exa Group, a developer of fashion retail shop, from Alcedo. In 2022, Montefiore appointed Carlo Mammola as senior advisor and co-head for Italy.
