ExxonMobil Italiana Gas sold 70% of Adriatic LNG, an Italian energy company, to VTTI (70% – a vehicle of which Dutch Vitol and IFM Investors have 45% each and ADNOC-Abu Dhabi National Oil Company owns 10%) (see here a previous post by BeBeez). Milan-listed Snam acquired 22.7% of the target from QatarEnergy and raised its stake to 30%. Press reports said that the transaction is worth above 800 million euros. VTTI and IKAV set a newco for acquiring Adriatic LNG and received financial resources from Intesa Sanpaolo Bank Luxembourg and Natixis which retained Clifford Chance. IKAV and VTTI received assistance from Mizuho Securities, Natixis Partners Iberia and Herbert Smith Freehills. ExxonMobil Italiana Gas hired Sherman & Sterling and Rothschild. Norton Rose Fulbright advised QatarEnergy. Snam hired Parola Associati and Tonucci & Partners.
On 30 November, Saturday, Milan-listed TIM said that the Italian Ministry of Economy and Finance(MEF) and Retelit extended to 16 December, Monday, the deadline for tabling a binding offer for TI Sparkle which has a reported enterprise value of 700 million euros (see here a previous post by BeBeez). Retelit belongs to Asterion Industrial Partners and Marguerite.
Verdalia Bioenergy, a vehicle of Goldman Sachs for investing up to one billion euros in biogas plant in Europe, acquired 5 greenfield plants from Green Arrow Capital and Lazzari&Lucchini (L&L) (see here a previous post by BeBeez). Green Arrow and L&L received assistance from MFZ Partners and Parola Associati. Verdalia Bioenergy hired Intesa Sanpaolo, Ashurst, EY, Ramboll, and Aon.
White Lab, a platform company of White Bridge Investments for the envirnmental inspection sector, acquired the majority of Linset, an Italian competitor from Maria Luisa Francia (45%), ERR&SSE (15%), Federico Baruzzi Vaj (15%), Giacomo Baruzzi Vaj (15%), and Luca Frausini (10%) (see here a previous post by BeBeez). White Lab retained Ethica Group, Athena Associati, Dentons, and Giovannelli e Associati. The vendors hired Rossini Advisory, LCA and Studio Dottori Commercialisti Baruffa-Caponi. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors White Bridge Investments 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.
Blackstone and Milan-listed Unicredit started the placement of Blackstone Private Equity Fund Strategies Sicav (BXEF), a Luxembourg vehicle for the clients of the bank’s wealth management units willing to invest 0.1 million euros or more (see here a previous post by BeBeez). BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Blackstone and its Italian 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.
Platinum Equity acquired the majority of Italian food company F.lli Polli from the eponymous family (see here a previous post by BeBeez). Bper Banca, MPS, BPM, and Intesa Sanpaolo financed the transaction and hired PedersoliGattai. The vendors and the managers reinvested for a minority. Flli. Polli has sales of 190.8 million euros, an ebitda of 60.9 million and net debts of 0.424 million.
Cube Cold, a provider of solutions for refridgerated wharehouses that belongs to I Squared Capital, said it acquired Italian competitor Sottozero from Roberto Mazzini (see here a previous post by BeBeez). Chiomenti and Mainini & Associati assisted the buyers. Grimaldi Alliance and Arcadia Financial Advisors advised Mazzini. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors I Squared Capital. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager.
Lian Group, a Luxembourg’s private equity that Fiorenzo Manganiello and Nessim Sariel Gaon founded and is led in Italy by director Matteo Cardarelli, launched Vitaura, a platform for cosmetic surgery clinics (see here a previous post by BeBeez). The company already acquired Emme Zeta from Michela Zazzaron that will keep his executive role. The target has sales of 1.4 million euros, an ebitda of 0.464 million and net cash of 0.373 million. Gianni & Origoni advised Lian Group while Giovannelli e Associati advised the vendor. Vitaura is going to acquire further 9 clinics.
Greeck Atlas Tapes acquired Italian competitor PPM Industries from the ceo Matteo Andrea Pellegrini and Auctus Capital Partners (see here a previous post by BeBeez). Pellegrini will reinvest for a minority and will join the board of Atlas Tapes, a company that Jason Lantzis, Aris Venetis and Kostas Giannopoulos head and that received assistance from Mediobanca, Kyriakides Georgopoulos, Baker & McKenzie, and PWC. The vendors retained PedersoliGattai, Pirola Pennuto Zei, Papapolitis & Papapolitis, and Advant NCTM. PPM has sales of 90.4 million euros, an ebitda of 4.7 million and a net financial debt of 25.1 million. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Auctus Capital Partners and its Italian 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.
Ancorotti Group, an Italian cosmetics company that belongs to L-GAM since June 2021, acquired Cosmoproject from the Tortini Family (see here a previous post by BeBeez). The companies will generate aggregated sales of above 220 million euros. Ancorotti retained New Deal Advisors, LMS, Chiaravalli Reale e Associati, Maisto e Associati, and Yard Reaas. Cosmoproject and the Tortini Family retained Clearwater, Epyon Consulting and Chiomenti. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors L-GAM and Ancorotti 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.
GMP Group, a producer of automotive components of which Eulero Capital has 51%, said it acquired Reedjik for generating aggregated sales of above 80 million euros (see here a previous post by BeBeez). LABS Corporate Finance, Bird & Bird, Pirola Pennuto Zei & Associati, Match Plan, and Yur Advocaten acted as advisors.
Alberto Vacchi acquired 5.25% of Egosistema, a fitness company that belongs to VAM Investments Group (see here a previous post by BeBeez).
Textile Solutions Group (TSG), a portfolio company of Elvaston Capital Management acquired Italian IT company Limonta Informatica from Rufin (52%), Angelo Viganò (38%) and Giovanni Bonfanti (10%) (see here a previous post by BeBeez). The vendors will reinvest for a minority while Matteo Viganò will keep his ceo role. Limonta Informatica retained Equita and Alpeggiani Avvocati Associati. TSG hired Ughi e Nunziante and Grant Thornton.
French food company Solina, a portfolio company of Astorg that has sales of above 1.5 billion euros, acquired the majority of MTA (Meat Technology Applications) from Davide Rosi (43%), Francesco Rosi (43%) and Romeo Del Sante (14%) (see here a previous post by BeBeez). Investis Advisory, Finerre, PedersoliGattai, and EY assisted Solina. Studio CMBZ and Studio Villa & Partners advised MTA. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Astorg and its Italian 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.
Zephyr Group, a distributor of components for vessels and slow ferries that belongs to Dea Capital Alternative Funds and VSL Club, acquired Singapore’s Twinco and German Carl Baguhn (see here a previous post by BeBeez). The buyers retained Spada Partners, Kpmg, Erm, and Curtis, Mallet-Prevost, Colt & Mosle. Zephyr Group has sales of 25.6 million euros, an ebitda of 1.8 million and net debts in the region of 14 million.
