Italian pharmaceutical company Angelini is holding talks for acquiring the stakes of CVC Capital Partners, PSP Investments, StepStone, and Alpinvest in Milan-listed competitor Recordati (see here a previous post by BeBeez). Previous press reports said that the funds hired JP Morgan and Goldman Sachs for selling the asset. Sergio Dompè, the ceo of Dompé Farmaceutica, reportedly said that CVC Capital Partners is holding talks with Italian pharmaceutical companies for selling Recordati (see here a previous post by BeBeez).
Omnia Technologies (fka DT Holding), a packaging machinery company that belongs to Investindustrial, acquired Italian competitor ACRAM from Leonardo Chesini (93%) and Maria Rosa Chesini (see here a previous post by BeBeez). The target has sales in the region of 7 million euros, an ebitda of 1.17 million and debts of 2.4 million. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Investindustrial and its portfolio companies. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
Italian packaging company Guala Closures, a portfolio company of Investindustrial, said it raised to 100% its stake in Guala Clorusers Bulgaria (fka Danik) (see here a previous post by BeBeez). The target has sales of above 16 million euros. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Investindustrial and its portfolio companies. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
Argos WItyu acquired Italian baked food producer Monviso from Capza, Cerea Capital and Céréa Mezzanine (see here a previous post by BeBeez). Francesco Pugliese will be the chairman of Monviso while Manfredi Cusmano is the company’s ceo. Kartesia Management, Eurizon Capital Real Asset, BNL BNP Paribas, and Banca Sella financed the transaction. Argos Wityu retained Vitale & Co, WST, BCG, and KPMG. DC Advisory assisted Cerea Partners and Capza. Monviso has sales of 60 million euros. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Argos Wityu, Capza, Cerea Partners and their portfolio companies. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
Italian martech Retex, a company of which FSI owns 80%, said it acquired Italian digital advertising firm Cosmic (see here a previous post by BeBeez). Eliana Salvi (20.31%), Andrea Febbraio (8.3%), Simone Bianchi (8.3%), Dario Caiazzo (8.3%), Massimo Di Gennaio (8.3%), Carlos Garcia (8.3%), and other shareholders sold Cosmic which has sales of 4.3 million euros, an ebitda of 0.81 million and net cash of 1.2 million.
Italian management consultancy firm PTS Group merged with financial advisory boutique EnVentGroup which has sales of 4.8 million euros (see here a previous post by BeBeez). Stefano Bugliosi and Lelio Fornabaio head PTS Group which has a turnover of 21.5 million. Franco Gaudenti is the ceo of EnVent Group.
Lucart, an Italian paper producer of which Azzurra Capital owns a strategic stake appointed Francesco Pasquini as ceo and Massimo Pasquini as chairman (see here a previous post by BeBeez). Alessandro Pasquini, Lorenzo Pasquini and Tommaso De Luca will act as executive directors. GianErnesto Bernardi, Cristina Ferrari, Federico Lovadina, and Massimo Innocenti will be the non-executive directors. Azzurra Capital received assistance from Gianni & Origoni Goldman Sachs, Intesa Sanpaolo, Alvarez & Marsal, Ramboll, and Andersen Italia. The Pasquini Family retained Advant NCTM, Lincoln International, PwC Italia, and Studio Biscozzi, Nobili & Partners. Lucart has sales of 765 million.
Longitude Holding, the owner of Italian railway company Arenaways, sold a 33% to Serena Industrial Partners and a 33% to Spain’s Renfe Proyectos Internacionales, a company of the Spanish Ministry of Transport (see here a previous post by BeBeez). Inmaculada Gutiérrez Carrizo will be the target’s chairwoman, Matteo Arena will act as ceo and Giuseppe Arena as onorary chairman.
Stockolm-listed Lifco acquired 90% of Manifattura Catene Viganó MCV (MCV), an Italian producer of industrial chain from the Vismara Family (57%), the Brambilla Family (38%) and ceo Cristian Muttoni (5%) (see here a previous post by BeBeez). CMP Law assisted Lifco. LCA Studio Legale advised the vendors. MCV has sales of 21.9 million euros, an ebitda of 5.3 million and net cash of 10.1 million.
Orange Capital Development, a firm that Davide Salvatore heads, acquired Italian food company Gelit for which Stefano Mattioli acts as ceo (see here a previous post by BeBeez). Massimo Menna, Consilium and Progressio sold the asset and received assistance from Lincoln International, BonelliErede, BCG, EY and Russo De Rosa Associati. Sources said to BeBeez that Gelit has sales of above 70 million euros, an ebitda of 13 million and a net financial debt of 8.1 million.
Carton Pack, an Italian packaging producer that belongs to A&M Capital Europe, acquired UK competitor Clifton Packaging (see here a previous post by BeBeez). Carton Pack retained Chiomenti, Weil Gotshal & Manges, Charles Russell Speechlys, Pedersoli Gattai, PWC, EY, Food Strategy Associates, Howden, and Ramboll. Shane D’Souza will remain in charge as ceo of Clifton Packaging which has sales of 45 million euros.
Italian Private equity 21 Invest merged French online fundraising platforms Leetchi and iRaiser and created Donora (see here a previous post by BeBeez). Advent International kept a minority of the business.
Lutech, a provider of IT services and solutions that belongs to Apax Partners since 2021, acquired ABEX Italia from the ceo Guido Vittorio Giletta (see here a previous post by BeBeez). ABEX has sales of 9.3 million euros, an ebitda of 0.863 million and net cash of 1.4 million. Giuseppe Di Franco is the ceo of Lutech.
US Polywater, a chemical company, acquired Italian competitor Carima from the Pipani Family (see here a previous post by BeBeez). Forvis Mazars assisted Polywater. Carima has sales of 2.7 million euros, an ebitda of 0.482 million and debts of 1.3 million. The vendors received assistance from Studio Commercialista Benassi & Associati and Studio Legale Pedrazzini.
Netafim Italia, an Italian producer of components for precision irrigation systems that is part of Mexico-listed Orbia Advance Corporation, acquired Tecnir an Italian vendor and distributor from Angelo Ricci (90%) and Elisabetta Malvolti (10%) (see here a previous post by BeBeez). The target has sales of 4 million euros, an ebitda of 0.46 million and and debts of 0.962 million. Simmons & Simmons assisted Netafim Italia while the vendors retained Albonetti Carroli and Dati. Netafim Italia has sales of 25 million euros, an ebitda of 1.5 million and net cash of 0.719 million. Stefano Ballerini is the country manager of Netafim Italia.
Swiss 1MED, a CRO (Contract Research Organization) that belongs to Apposite Capital, acquired Italian competitor LB Research (see here a previous post by BeBeez). Sources said to BeBeez that Flavio Lietti (54%), Flavia Baruzzi (23%) and Nicoletta Belotto (23%) retained Marco Polo and BLF for selling their whole stakes. Lexsential and Mazars assisted the buyers. LB Research has sales of 3.9 million euros, an ebitda of 0.204 million, and net cash in the region of 0.25 million.
Ecogest, an Italian provider of gardening services, aims to carry on acquisitions ahead of the sale of a stake to a financial investor in 1H25, Valerio Molinari, coo and majority owner, said to BeBeez (see here a previous post by BeBeez).
Lodestar, a B2B provider of digital transitions that belongs to Bravo Capital Partners, acquired Italian DOIT from even owners Paolo Corna, Eugenio Favalli and Marco Pigliapoco (see here a previous post by BeBeez). Cassa Centrale Banca, BCC di Brescia and BCC Rivarolo Mantovano financed the transaction. Lodestar will integrate the target with its subsidiary Zerouno Informatica while it received assistance from BonelliErede, Deloitte and Milano Notai. DOIT has sales of 5 million euros, an ebitda of 1.7 million and net cash of 1.1 million. The company retained BLF Studio Legale and Studio Ghironzi.
Telepass, an Italian provider of systems for automated payments of motorway toll that belongs to Mundys (51% – Edizione and Blackstone) and Partners Group (49%) sold its front end web and mobile systems unit Telepass Digital to Dstech, an Italian consultancy firm for digital services (see here a previous post by BeBeez). DLA Piper assisted the vendors while the buyers retained Morri Rossetti. Giorgio Grappelli and Francesco Romano Marcellino are the the ceo and chief marketing officer of Dstech which has sales of 16.4 million euros, an ebitda of 0.553 million and net cash of 1 million. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Telepass and Partners Group. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager.
Italian Serie A football club Hellas Verona is of interest to Presidio Investors which is raising 75 million euros for carrying on such an acquisition (see here a previous post by BeBeez). Hellas Verona belongs to Maurizio Setti and has an ebitda of minus 67.6 million, net losses of 11.7 million, revenues of 5.9 million and equity of 2 million. Presidio Investors is a mid-lower market fund based in Texas.
VAM Investments Group acquired Orange Torino and Egosistema, two Italian networks of gyms, and created Gym Nation Italia ahead of growing further through buys (see here a previous post by BeBeez). Orange Torino has sales in the region of 7 million euros, an ebitda of 0.564 million and net cash of above 1.6 million. Cesare Fornasero (38.75%), Angelo Pannocchia (25%), Luca Cantatore (21.25%), Mario Pannocchia (7.5%), and Francesco Paccotti (7.5%) sold their stakes in the business. Francesco Iezzoni founded Egosistema in 2009. The company has sales in the region of 15 million. VAM received assistance from Equita Mid Cap Advisory, Finerre, EY Advisory, Bernoni Grant Thornton, EY-Parthenon, Molinari, Studio Spiniello-Commercialisti Associati, DWF LLP Italian Branch, Gitti and Partners-Studio Legale Associato, ERM Italia, Tecnimp, LAMBER + LAMBER studio associato, Studio Associato Ingegneria Civile Ambientale, Legance Avvocati Associati, Fineurop Soditic, PedersoliGattai, and Datasite UK
Michele Paris received the support of Azimut libera impresa (ALI), illimity and other investors for creating FTC (Filiera Toscana della Calzatura), a platform for aggregating third-parties producers of high-end shoes, through the acquisition of Iannelli, Danimarc, Apam International, and Fagiolini which have aggregate sales of 30 million euros (see here a previous post by BeBeez). ALI (30%) and illimity (14.8%) invested 30 million in the platform (see here the Chamber of Commerce data of FTC available for the subscribers to BeBeez News Premium and BeBeez Private Data). Unicredit and Intesa Sanpaolo financed the acquisitions. Paris retained CDR TAX & LEGAL, Ethica Group, OC&C Strategy Consultants and Studio DWF. ALI hired Gatti Pavesi Bianchi Ludovici, Alvarez & Marsal, Alma Led, and Lazzati Rizzi. Mario Zanini is the ceo di FTC. Marco Belletti is the ceo of ALI. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Azimut libera impresa and its portfolio companies. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
