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Jabil Circuits Italia (JCI), a subsidiary of troubled US Jabil Circuits, sold for an enterprise value of 73 million euros its integrated systems and electronic cards unit to Test and Manufacturing Engineering (TME – 55%) and Fondo Salvaguardia Imprese, a vehicle that is part ofthe Ministry of Industry and Made in Italy (Mimit – 45%) and that Invitalia manages (see here a previous post by BeBeez). Naples-based TME belongs to ceo Aniello Stellato and received assistance from Antonio Acconcia. Invitalia retained Studio Legale Carbonetti e Associati. See here the sale act of JCI, available for the subscribers to BeBeez News Premium and BeBeez Private Data. The buyers will pay the amount in two tranches, one at the closing and another when the bidco will launch a 37 million capital increase that the Fondo Salvaguardia Imprese – Invitalia will subscribe. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Salvaguardia Imprese 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 retailer of household products and appliances Kasanova, a company in receivership since 2024, attracted a 25 million euros binding offer from Milan fashion stores chain OVS, a firm that ceo Stefano Beraldo heads of which Tamburi Investment Partners (TIP) has 32.4% (see here a previous post by BeBeez). The target currently belongs to Mario Brambilla (37.93%), Silvia Brambilla (34.77%), Maurizio Ghidelli (10%), Giovanni Ghidelli (4.47%), and other minority shareholders. OVS aims to subscribe a capital increase of Kasanova if its creditors accept a 40 million debt restructuring.
Mundys (fka Atlantia), a motorway and infrastructure holding that belongs to the Benetton Family’s Edizione and Blackstone Infrastructure Partners, partially acquired back two Dublin-listed bonds (see here a previous post by BeBeez). On 28 October, Tuesday, the company made a public offer on two bonds worth one billion euros each and both with a 1.875% coupon, one maturing in July 2027 (paid 350 million) and the other in February 2028 (150 million). Legance assisted Mundys. A&O Shearman advised the dealer managers Goldman Sachs International, SMBC Bank, and Société Générale. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Edizione, Blackstone Capital Partners and their investments. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
Italy’s Calfin, an investor in industrial companies, received credit lines worth a total of 27.5 million euros from Cherry Bank (see here a previous post by BeBeez). Calfin retained Gitti & Partners and will invest the borrowed proceeds in the relaunch of its subsidiary EZM and in completing the acquisition of a 60% stake in Calvi Holding. Walter Bosco is Cherry Bank’s Head of Special Situations.
Italian meat producer Gruppo Formento acquired troubled competitor Carni Dock which is in receivership since July 2025 (see here a previous post by BeBeez). Claudio Formento and Ambra Formento are the former 61.95% owner and cfo of Formento which retained Lexant, Dalmasso Studio Commercialisti and Corrado Caviglia. Carni Dock hired Marco Aiello and Acciaro & Associati. Enrico Daniele acted as insolvency administrator.
In 2025, Italian distressed credit servicer doValue set its GBV target at 12 billion euros per year from previous 8 billion after having attracted new gross NPEs of 12.4 billion NPE (see here a previous post by BeBeez). Manuela Franchi heads doValue. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors doValue. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager.
