Plenitude, a B-Corp subsidiary of Milan-listed Eni, said it signed an exclusivity agreement for selling a 20% to Ares Alternative Credit Management on the ground of an equity value of 9.8 – 10.2 billion euros (see here a previous post by BeBeez). Eni received assistance from Mediobanca and Goldman Sachs. The asset also attracted the interest of Apollo Global Management, HitecVision and Stonepeak.
Renaissance Partners and TPG Rise Climate, a climate investment platform of TPG, acquired a controlling stake in Sicit Group, a producer of biostimulants for improving crop yields, from Intesa Holding and NB Renaissance that will reinvest in the deal with LGT Capital Partners and Schroders Capital (see here a previous post by BeBeez). The closing of the one billion euros deal may take place by 3Q25.Massimo Neresini is the ceo fo Sicit since 2006. As BeBeez reported in April, the new shareholders signed a co-control governance agreement with Renaissance. TPG retained Nomura, JPMorgan, Latham & Watkins, and Paul Weiss. Renaissance Partners and Intesa Holding received assistance from Lazard, Intesa Sanpaolo, Banca Popolare di Milano, BNP Paribas, Legance Avvocati Associati, Chiomenti, PwC, and EY. Sicit also attracted the interest of BcPartners and Warburg Pincus. Joerg Metzner is the business unit partner of TPG Rise Climate. Tommaso De Bustis Figarola is a partner of Renaissance.
Dea Capital Alternative Funds’ advisor Mediobanca attracted the final round offers of Green Arrow Capital, Banca Finnat, Anthilia Capital Partners, and Eurazeo (see here a previous post by BeBeez). Gianandrea Perco is the ceo of DeA Capital Alternative Funds has aum worth 6 billion euros. Equita, Finint and Tikehau Capital reportedly tabled bids for the firm.
IP-Italiana Petroli, the Italian petrol stations chain that the Brachetti Peretti Family is reportedly selling with the advisory support of Unicredit, attracted the interest of Azerbaijan’s Socar, Swiss Gunvor and Abu Dhabi-based Bin Butti Group (see here a previous post by BeBeez). The suitors must table their binding bids by the end of May 2025. IMI CIB is assisting Socar. Gunvor retained Rothschild. Italiana Petroli has sales of above 9.6 billion euros, an ebitda of 490.7 million and net financial debts of 387.8 million.
Carlyle is in advanced talks for selling Italian fashion brand Twinset to Quadrivio and Borletti Group on the ground of an enterprise value in the region of 200 million euros (see here a previous post by BeBeez). In 2012, Carlyle acquired 72% of the asset from Simona Barbieri and Tiziano Sgarbi for an ev of 300 million or 7.5X ebitda and later purchased the remaining stake in the business. Rothschild is acting as sale advisor. Alessandro Varisco is the ceo of Twinset. In 2020, Carlyle hired JP Morgan for selling the company, but the fund called of the auction for the Covid turmoil.
Sal Service, a real estate developer, acquired the majority of, ha lanciato Tosca – Eccellenze Toscane, a fast food chain that Pietro Nicastro and Monica Fantoni created, and breweries brand Löwengrube (see here a previous post by BeBeez). Fabrizio Tonfoni will act as coo for both the brands.
JC Flowers & Co acquired insuretech firms Wefox Italy, Wefox MGA and Wefox Services from German Wefox (see here a previous post by BeBeez). KPMG Corporate Finance and Lca advised Wefox Italy. Jc Flowers retained Kitra Advisory and Molinari. Press reports said that the deal is worth 200 million euros.
BioDue, an Italian producer of food integrators that belongs to The Riverside Company, said it acquired competitors Venture Life Manufacturing, the Sweden’s holding that owns Kullgren Holdings and Rolf Kullgren, and Biokosmes (see here a previous post by BeBeez). BioDue also signed commercial partnerships with London-listed Venture Life Group, the vendor of Biokosmes and Venture Life Manufacturing that fetched 62 million euros (53 million GBPs. Bird & Bird and A&O Shearman advised Riverside and BioDue. Simmons & Simmons assisted VLG. White & Case advised BlackRock Investment Management (UK) for the deal’s financing. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Riverside 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.
Relatech, an Italian provider of digital solutions, acquired German competitor ConneXSoft from Michael Hädrich (see here a previous post by BeBeez). Relatech, a portfolio company of BU Bregal Unternehmerkapital since November 2024, retained Mosburg Legal, Alvarez and Marsal, EY Tax, and Legance. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors BU Bregal 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
Quant>ICO Investment Club Opportunities (ICO), a club deal that ceo Antonio Da Ros, Paolo Langè and Angelo Busani created, started its 750 million euros fundraising (see here a previous post by BeBeez). Langè said that ICO aims to close 12-15 deals in the next five years. Marco Frammartino, Gabriele Galizia and Edoardo Miotto are part of the investment team while Lorenzo Baraldi and Luca Barbi sit in the advisory board. Fabrizio Redaelli is an ICO director. The firm will target majority or minority stakes of Italian companies with a turnover of 30 million, 10 million ebitda and equity deal of 30 – 80 million. Unicredit is ICO’s exclusive fundraising advisor. Eventual investors may also sign for a soft comittment and pay a 0.2% – 0.5% of the investment annual membership fee. The hurdle rate is of 10%. Gennaro Del Sorbo heads Unicredit Private Banking.
Italian diagnostic company Bianalisi, an asset of Charme Capital Partners, Columna Capital and Giuliano Caslini, said it acquired Italian competitors Lucea and Nobiliore (see here a previous post by BeBeez). Lucea has sales of 9.3 million euros. Nobiliore’s turnover is worth 4.5 million. Bianalisi received assistance from Orrick, Advant-NCTM and Deloitte. Nobiliore hired Studio legale Sinergia Hub and Perno & Cremonese | Radice e Cereda. Lucea appointed PedersoliGattai and BDO.
Argos Wityu acquired the majority of digital security player Axitea, a firm born in 2011 out of the merger of Sicurglobal and Mega Italia, from Stirling Square Capital, a London-based private equity that Stefano Bonfiglio and Gregorio Napoleone created (see here a previous post by BeBeez). BNP Paribas Asset Management Europe provided a unitranche facility for financing the transaction. The company also received a revolving item from BNL – BNP Paribas. Argos Wityu retained Daiwa Corporate Advisory, EY Capital & Debt Advisory, Giovannelli e Associati, WST, Boston Consulting Group, and EY Capital & Debt Advisory. Stirling Square hired Lazard, Pavia and Ansaldo, Deloitte, and EY. Marco Bravazzano and Pietro Scott Jovane will keep their roles as ceo and chairman while Paolo Scaroni will join Axitea’s board. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Argos Wityu, Stirling Square Capital 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.
Pharma logistics company PHSE, a company of Fedele De Vita and NB Aurora since 2019, acquired Italian competitor SAT Cargo (see here a previous post by BeBeez). Seven Capital Partners and Studio Pugno Vanoni Pividori Avvocati e Associati assisted SAT Cargo which has sales of 9 million euros, an ebitda of below 0.408 million and net debts of 1.5 million. PHSE retained CDI Global Italy anf Evershets-Sutherland. In 2024, NB Aurora committed to provide 30 million for supporting PHSE M&A strategy.
On 30 April, Wednesday, the board of F2i appointed Matteo Melley as chairman and confirmed Renato Ravanelli as ceo (see here a previous post by BeBeez). The firm also decided that it will also provide advisory services for infrastructure funds that third-party asset managers handle. See here the board meeting notes available for the subscribers to BeBeez News Premium and BeBeez Private Data. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors F2I 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.
