Dowload here the BeBeez Private Equity Report 2024 and 1H25 report.
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BeBeez preliminary data say that since 2012, perpetual or permanent compounders, investment holdings that don’t set deadlines for disposing asset and reinvest the profits of their portfolio companies in buy & build transactions, carried on 50 m&a deals in Italy (see here a previous post by BeBeez). Download here the table with all Italian deals since 2012 and the Insight View available for the subscribers to BeBeez News Premium and BeBeez Private Data In November 2025, Newport & Co, the first Italian permanent capital firm, attracted 30 million euros from NYSE-listed Hampton River Partners, an investor in serial acquirers. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors the perpetual compounders with Italian companies in their portfolio and their assets. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager.
Milan-listed stationery items producer FILA acquired the Italian satchels producer Seven from the Di Stasio Family and Green Arrow Capital (55% owner) for an equity value of 53.7 million euros (see here a previous post by BeBeez). The target owns the brands Invicta, SJ Gang and Mitama. By the end of January 2026, Fila will purchase from 51% of the target for 26.8 million in cash and by 2028 it will but the remaining stakes. Green Arrow Capital and the Di Stasio Family received assistance from PedersoliGattai and Cavalitto-Broccio Studio Associato. Fila retained Houlihan Lokey, Salonia Associati, Gatti Pavesi Bianchi Ludovici, KPMG, and Studio Zucchetti. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Green Arrow 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
De Wave, an Italian producer of furniture for yachts and cruise ships that Riccardo Pompili heads and which belongs to Platinum Equity since 2019, invested 50 million euros for acquiring IVM, Electrical Marine, OM Project, and Cantieri Navali San Carlo operating in electrical wiring systems and ship fitting, repair, maintenance, refurbishment and refitting services, interior, and technical (see here a previous post by BeBeez). New Deal Advisors assisted De Wave that will invest a further 50 million for developing the targets. IVM belonged to Pietro Iemmolo while the Montesion and Levrio families sold Electrical Marine, OM Project and Cantieri navali San Carl0. After such a deal, De Wave may generate a turnover of 450 million. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Platinum Equity 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
Lutech, an IT and AI company that belongs to Apax Partners, said it acquired Belgium’s competitor DigitSapiens and its Albania’s subsidiary Sapience AI (see here a previous post by BeBeez). The closing may take place in 1Q26. Giuseppe Di Franco is the ceo of Lutech while Gianluca Ciminata is the Head of Global Competence Center and ceo of Lutech Balkans. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Apax 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
Teamsystem’s Turkish subsidiary Mikrogrup acquired BizimHesap and a minority of Nef Solution (see here a previous post by BeBeez). Teamsystem belongs to Hellmann&Friedmann, Silver Lake Partners, ADIA, and CapitalG. TeamSystem received assistance from PWC, EY and Esin Attorney Partnership. Mehmet Çelik and Barış İnalpolat, co-ceos, sold BizimHesap which retained Baseak and Core Finance. Federico Leproux is the ceo of TeamSystem while Göktekin Dinçerler heads the Turkey operation of the company. Derya Sarikayalar founded Nef Solution. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Hellmann&Friedmann, Silverlake, ADIA, CapitalG, 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.
U-Power Group, an Italian producer of safety footwear that Franco Uzzeni heads and of which Renaissance Partners owns a majority stake, signed a binding agreement for acquiring Czech Cerva group (see here a previous post by BeBeez). The closing may take place in 4Q25 – 1Q26 upon regulatory authorities apporval. U-Power retained Lazard, Legance, PwC, and AlixPartners. The companies will generate an above 500 million euros turnover and look for further acquisitions. Alessio Masiero is a partner of Renaissance. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Renaissance 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
White Bridge Investments’ Italian nutraceutical company Named Group is of interest to Stada Group, a German competitor that belongs to CapVest, Bain Capital and Cinven since September 2025, Triton Partners and PX3 Partners (see here a previous post by BeBeez). The vendor’s advisors Nomura and Ethica Corporate Finance are handling the sale that could be worth in the region of 800 million euros and received expressions of interest from TA Associates, Cinven, Carlyle, Charterhouse, and Advent. Stefano Devescovi and Marco Pinciroli are the founders of White Bridge Investments. 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
Clessidra Capital Credit (CCC) will join as minority backer the public offer that Giovanni Giuliani, Stefano Pellegrino, Massimiliano Alfieri, and Oscar Pischeddu are launching on Milan-listed Health Italia (see here a previous post by BeBeez). Mario Fera is the ceo of CCC. The Italian Antitrust Authority set the deadline for eventual appeals on 11 November, Tuesday. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Clessidra 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
PM&Partners and Armònia signed a binding agreement for acquiring the majority of Italian food company BIA from Milan-listed BF (former 71.5% owner), Ocrim Società per l’Industria Meccanica (a firm of Alberto Antolini and Sergio Antolini – 18.5%) and Investimenti Industriali (10%) for an equity value of 57 million euros and an earn-out of further 8 million of an earn-in of up to 4 million (see here a previous post by BeBeez). BF and Investimenti Industriali will reinvest for a 10% and a 5% of BIA. PM & Partners and Armòniaretained Gianni & Origoni, Ashurst, Fortlane Partners, EY, and Montana. Studio Milano Notai acted as public Notary. BF Agroindustriale, Ocrim and Investimenti Industriali received assistance from Advest, Esiodo, Herbert Smith Freehills Kramer, and L&C Consulting & Partners, OCRIM al 18,5%, Investimenti Industriali al 10%. Federico Vecchioni is the chairman of BF and said that BIA is interested in growing through M&A. Riccardo Rainone is a managing partner of PM&Partners. Alessandro Grimaldi is the ceo and founder of Armònia BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Armònia, PM&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
VAM Investments signed a binding agreement for acquiring Italian B2B HVAC (Heating, Ventilation and Air Conditioning) firms Garolfi from Andrea Garolfi, Enrico Ruggero Garolfi and Antonello Gaviraghi; Starter Energy from Gianni Mulazzi, Aronne Belingheri and Michele Balzarini; Guidi Impianti from Giuseppe Guidi and Raffaele Guidi; Solarys from Matteo Becchetti, Michele Burbi and David Nespoli; and Omnia Energy 3 from Europe Capital Partners, Stephane Moretti and Nicolas Moretti (see here a previous post by BeBeez). The fund aggregated the targets under Everest ahead of further buys. The vendors will invest for a minority of the platform that Alessandro Zunino and Umberto Quadrino head as ceo and chairman. VAM and Everest retained LABS Corporate Finance, Scouting Capital Advisors, DWF, KPMG, Legance, Finerre, and Cerina Studio Legale. Garolfi appointed Lawal. Starter Energy received assistance from Avvocatidiimpresa and Studio Della Volta. Guidi Impianti hired Arcadia Financial Advisors, Piercarlo Mariotti, and Massimiliano Tittarelli. Solarys retained L&B Partners. Omnia Energy appointed CS & Associati, Gatti Pavesi Bianchi Ludovici, Rothschild & Co, and Pirola Pennuto Zei & Associati. Alessandro Zunino Marco Piana is the managing partner of VAM Investments for which Armando Golia and Francesca Rena act as partner and director. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors VAM 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
Gruppo MSC received the support of Accuracy and RPLT RP legalitax for acquiring Italian fashion brand SLAM.com from VAM Investments which retained Dawan Corporate Finance and DWF (see here a previous post by BeBeez). BeBeez Private Data, the private capital database of BeBeez and FSI, monitors VAM 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
Tatuus, an Italian manufacturer of components for sport vehicles that belongs to The Equity Club (part of Mediobanca) since 2023, rebranded as Korus after having acquired Italian go-karts producer Birelart from Ronni Sala and Nicolas Todt (see here a previous post by BeBeez). KT Finance, Advant Nctm and Studiocomm advised the vendors. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors The Equity Club 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
Nasdaq Nordic – listed Nibe Industrier, a Swedish company, acquired 70% of Italian Selmo from Alessandro Fantin (60%), Giulio Calore and Stefania Babetto (40% ) (see here a previous post by BeBeez). Gerteric Lindquist is the ceo of Nibe which will purchase the whole of the target by 2028 and received assistance from Gianni & Origoni. The vendors retained Giulia Parisotto and Credem Euromobiliare Private Banking while Giulio Montanaro acted as public notary. See here the Insight View about perpetual compounders available for the subscribers to BeBeez News Premium and BeBeez Private Data. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors the perpetual compounders with Italian companies in their portfolio and their assets. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager.
Tom Van der Haegen founded Verona -based permanent capital and corporate carve-out investor Newport & co which attracted 30 million euros from Hampton River Partners and further resources from Jimmy Clarini (see here a previous post by BeBeez). Newport will reinvest the profits of its portfolio companies in new acquisitions acting as a perpetual compounder. Hampton River and Newport Investments retained Bonafè Grifoni Associati, Simmons & Simmons and Almaled. The holding will target business units with revenues of 10 – 100 million and an up to 2.5 million ebitda. Matthew Morris is the founder and managing partner of Hampton River Partners. See here the Insight View about perpetual compounders available for the subscribers to BeBeez News Premium and BeBeez Private Data. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors the perpetual compounders with Italian companies in their portfolio and their assets. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager.
Milan-listed First Capital signed an agreement for investing 10 million euros through First Sicaf, a PIPE company, and First4Progress (F4P2) in part of the 20 million capital increase that Milan-listed waste manager Recupero Etico Sostenibile (RES) (see here a previous post by BeBeez). Intesa Sanpaolo acted as sole bookrunner for the capital increase and carried on the 5,70 euros per share accelerated bookbuilding procedure with the support of Baker McKenzie. RES retained Legance and EnVent Italia. F4P2 hired PedersoliGattai. RES will sell a stake of 8.2% to F4P2 and 2.6% to First sicaf. Antonio Lucio Valerio is the ceo of RES. Vincenzo Polidoro is the ceo of First sicaf and executive director of First Capital while Renzo Torchiani is a director of F4P2 and an executive director of First Capital.
Tiziana Mantovani, previous 41.24% owner of Italian aircrafts components producer Aerea, acquired the stakes of Ester Perego Mantovani (27.35%) and Flavio Mantovani (20.41%) (see here a previous post by BeBeez). Meti Corporate Finance, Gatti Pavesi Bianchi Ludovici, BonelliErede, and Legance acted as advisors. BPER, Banco BPM and Intesa Sanpaolo financed the transaction.
Tenax Capital supported Luciano Roncaglia for the management buy-out of Jointek, a producer and distributor of components for perfomance-critical industrial sector (see here a previous post by BeBeez). Bureau Plattner and bP Corporate Finance adivised Roncaglia. Tenax retained Studio RP Legalitax while Jointek hired Epyon Consulting and Studio Busani & Partners acted as public notary. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Tenax 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
Boato International, an Italian industrial company whose majority belongs to Finvacchi, acquired 70% of Menestrina (see here a previous post by BeBeez). Massimo Menestrina is the target’s ceo. 𝗕𝗲𝗿𝗻𝗮𝗿𝗱𝗼 𝗩𝗮𝗰𝗰𝗵𝗶 is the ceo of Boat. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Finvacchi 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
Danish Danfoss Power Solutions signed an agreement for the acquisition of Hydro Holding from Renaissance Partners which acquired a controlling stake in the business in 2018 from Atlante Private Equity and Mindful Capital Partners (fka Mandarin Capital Partners) (see here a previous post by BeBeez). Lazard acted as sell-side advisor. Domenico Traverso heads the Fluid Conveyance unit of Danfoss Power Solutions. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Renaissance 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
Fondo Italiano d’Investimento (FII) – FICC acquired 70% of IT system integrator NPO Torino (see here a previous post by BeBeez). Massimo Altamore, Romualdo Delmirani and Piergianni Ferraris will own 30% of the company. Japanese Ricoh sold its majority in NPO. Equita and Alantra financed the transaction. The closing may take place by January 2026. FII retained PedersoliGattai, Deloitte, BCG, ERM, WTW, PS Advisory, and Lincoln International. NPO Torino hired Nash Advisory, Pavia e Ansaldo and Monda & Partners. Ricoh hired PwC and Gitti & Partners. Gesualdo Di Bernardo is a senior partner of Fondo Italiano d’Investimento. Davide Oriani is the ceo of Ricoh Italia. Senior partners Gianpaolo Di Dio, Aldo Di Bernardo and Marzia Bartolomei Corsi hease FICC which is compliant with article 8 SFDR UE. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Fondo Italiano d’Investimento 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 insurance broker Mediass, part of Madison Dearborn Partners and HPS Investment Partners, StonePoint Capital and Abu Dhabi Investment Authority (ADIA) portfolio company The Ardonagh Group, acquired MP Insurance Brokers (see here a previous post by BeBeez). Mauro Panichi (former 95% owner) and Massimo Manzi (5%) sold the target with the support of Studio Legale Corbò and Studio Arvigo-Boccalari. Ardonagh retained Molinari. Gianluca Graziani heads the Italian operations of Ardonagh. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Madison Dearborn Partners, HPS Investment Partners, ADIA, StonePoint 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
Pasqua Vini acquired 70% of Serraglia, a wine producer that French international actress Carole Bouquet founded (see here a previous post by BeBeez). Fulvio Cavalleri assisted the buyer while Bouquet retained LT Wine&Food Advisory and Ferrari Cavallo. Riccardo Pasqua is the ceo of Pasqua Vini.
Numen, a tech energy company of Italian utility SGR (Società Gas Rimini) acquired Renzi Alberto, an Italian manager of technological systems that belonged to the eponymous family (see here a previous post by BeBeez). Pirola Corporate Finance and Studio Roncarolo assisted the vendors. Roberto Rossi and Laura Stagliano are the ceo and coo of Numen. Guido Mecozzi is the SGR’s cfo and head of M&A. Genni Munaretto is the ceo of Renzi Alberto.
Aksìa acquired Italy’s Seasmart, a producer of accessories for high-end nautical sector, from Sergio Antonelli (45%), Daniela Campana (33%) and ceo Mirko Antonelli (22%) (see here a previous post by BeBeez). Giovannelli e Associati, Giliberti Triscornia e Associati, EY, ERM, and Bain & Company advised Aksìa. The vendors retained Minerva Corporate Finance and Marchionni & Partners. Antonelli will keep his ceo role and carry on a growth strategy through M&A. Filippo Anichini is a partner of Aksìa. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Aksìa 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
