SIFI, an Italian ophthalmic company, sold to Madrid-listed competitor Faes Farma on the ground of an enterprise value of 270 million euros with an earn-out of up to 50.5 million upon the achievement of 2041 targets and further payments of 30 million and 150 million (see here a previous post by BeBeez). The Chines Family, 21 Invest and other minority shareholders sold the asset. Faes Farma received acquisition financing facilities from JP Morgan which also acted as financial advisor while Cuatrecasas Legal and Chiomenti provided counsel. SIFI retained Evercore Partners International, Mediobanca and Hogan Lovells. SIFI has sales of 100 million with an ebitda of 20 million. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors 21 Investimenti 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
Japan’s Toppan acquired 80% of Irplast, an Italian packaging company, from Chenye CapItal which acquired the asset in September 2020 for 100 million euros through a restructuring procedure (see here a previous post by BeBeez). Fausto Cosi, ceo, and Luca de Bartolo, coo, have 10% of Irplast each. Cheyne received assistance from Houlihan Lokey and Chiomenti while Irplast manager hired BonelliErede. EY India, KPMG, Bird & Bird, and SAM & Co advised Toppan for which Satoshi Hoya acts as chairman and Hiroshi Suzuki as ceo. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Cheyne Capital 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
E-GAP, a scaleup provider of quick urban recharging for e-vehicles, stepped in the fleet-as-a-service (FaaS) sector for public transports in Rome with an initial investment of 100 million euros (see here a previous post by BeBeez). In 2019, Eugenio De Blasio and Daniele Camponeschi founded E-GAP of which Green Arrow Capital has 5% and ITAS Mutua 3.16%. The company received 100 million from Green Arrow Infrastructure of the Future Fund (GAIF) with the support of lenders Bayerische Landesbank and Banco BPM and the warranty of SACE. Aletti Fiduciaria acted as escrow agent. Chiomenti assisted E-GAP while Green Horse advised the banks. De Blasio and Camponeschi are both partners of Green Arrow Capital. E-GAP has sales of 17.8 million with an ebitda of one million and net cash of one million.
Assist Digital, a customer relationship management (CRM) firm of which Ardian has 60% since 2023, said it acquired the majority of Hyntelo (fka Sixth Sense), an AI solution company that is a spin-off of Scuola Superiore Sant’Anna di Pisa (see here a previous post by BeBeez). The target previously belonged to Giacomo Filippo Porzio (36%), Renato Giacobbo Scavo (21%), Gianluca Nastasi (10.77%), Gellify, Azimut Digitech Fund, and Paris-listed innovative-RFK (i-RFK). Guido Bocchio is the Head of Venture Capital of Azimut Libera Impresa. Antonello Carlucci is the ceo of i-RFK. Assist Digital retained Studio Giovannelli e Associati and New Deal Advisors. Hyntelo hired BlueBull and Gianni & Origoni. Francesca Gabrielli is the ceo of Assist Digital which has sales of more than 220 million euros. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Ardian 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
Italian waste management company Itelyum, a portfolio company of Stirling Square Capital and Deutsche Beteiligungs (DBAG), said it acquired Italian competitor Holding Gestione Ambiente and its subsidiaries Gruppo Gestione Ambientale (GSA), Veteres and Progetto Servizi Ambiente (PSA) from Stefano Quattranni and Moreno Francioli (see here a previous post by BeBeez). Marco Codognola is the ceo of Itelyum which has sales of 610.3 million euros, an adjusted ebitda of 112 million and an adjusted net financial debt of 582 million. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Stirling Square and Deutsche Beteiligungs 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
Spoon Brands is going to buy 60% of Italian food chain Antica Focacceria S. Francesco from Cirfood Retail (see here a previous post by BeBeez). Spoon Brands belongs to GGC3, a joint venture of Iverna Holdings (45%), Essebi (45%) and NOI (10%). Antica Focacceria has sales of 8.6 million euros, an ebitda of minus 0.0445 million and net cash of 5.5 million.
London-lised Oakley Capital Investments said it invested 8 million GBPs for the majority of Join Business Management Consulting (JBMC), an IT and strategic management consulting firm that Giovanni Brandani and Leonardo Fenizi created in 2013 (see here a previous post by BeBeez). The target has sales of 16.2 million euros, an ebitda of 8.6 million and a net financial debt of little above 0.470 million. Oakley will implement a buy & build strategy for JBMC. Peter Dubens is the co-founder and Managing Partner of Oakley Capital. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Oakley Capital 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
Sources said to BeBeez that Pedicone Holding sold Italian theme park Acquapark Onda Blu to Costa Edutainment, a company that belongs to Beppe Costa (70%) and DeA Capital Alternative Funds (30%) for 7 million euros (see here a previous post by BeBeez). Costa has sales of 58.7 million and an ebitda of 7.5 million. Giulio Pedicone and Massimo Rulli are the chairman and coo of Pedicone Holding. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors DeA Capital Alternative Funds 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
Scrigno Group, an Italian producer of doors that belongs to PAI Partners, acquired Spanish furniture company Enesca and reached aggregated sales of 145 million euros (see here a previous post by BeBeez). Fabrizio Campanella is the ceo of Scrigno Group. Clessidra Private Equity sold Scrigno to Pai in 2021. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors PAI 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
German turnaround and carve-out investor Quantum Capital Partners (QCP) acquired Arexons, an Italian manufacturer of chemical products for DIY, from Petronas Lubricants Italy (PL Italy) (see here a previous post by BeBeez). Translink assisted the vendors that purchased Arexons in 2007 from KKR. The target has sales of 76 million euros, an ebitda of 6.7 million and net cash of 10 million. Steffen Görig is the ceo of QCP which invested a total of 120 million in equity since 2008. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors QCP 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
Pleiades Capital, a permanent capital investor that former Alchimia manging director Marcello Tedeschi and Andrea Levi founded acquired 70% of Vittoria Health Nutrition (VHN) and financed 20% of the buy (see here a previous post by BeBeez). Orienta Capital Partners, an advisory company of FARO Alternative Investments, sold the asset. Guido Dracone, minority owner and ceo of VHN, will keep his role. Pleiades Capital retained PedersoliGattai and Deloitte. Orienta Capital Partners hired BIP Law while Dracone and VNH received assistance from Portolano Cavallo Studio Legale. Augusto Balestra is a partner of Orienta which will support VHN for its M&A growth. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Orienta Capital Partners 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 shoe maker Nice Footwear, a company of which Palladio Holding owns 61.45% after a 2023 delisting from Milan market, said it acquired Italian tannery company Emmepier (see here a previous post by BeBeez). Thera Capital and Studio Legale Bruscagnin assisted Nice which aims to carry on further acquisitions ahead of a vertical integration of its production cycle. Nicola Iorio and Nadia Buttignol are a managing partner and a partner of Palladio Holding. Bruno Conterno is the ceo of Nice which as sales in the region of 100 million euros. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Palladio Holding 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
