Chinese private equity HongShan Capital Group (HSG fka Sequoia Capital China), Singapore’s Temasek and True Light Capital reached an agreement for acquiring Italian fashion brand Golden Goose from Permira which purchased the target from Carlyle in 2020 on the ground of an enterprise value of 1.28 billion euros (see here a previous post by BeBeez). The closing may take place in 2Q26 on the ground of a 2.5 billion enterprise value. Golden Goose will repay the 480 million worth Senior Secured Floating Rate Notes maturing in 2031 that issued in 2025. Silvio Campara will keep his ceo role while Marco Bizzarri will act as non-executive chairman. J.P. Morgan, Bank of America, Giliberti Triscornia e Associati, Maisto & Associati, and EY assisted Permira. Jiajia Zou is a partner of HSG. Francesco Pascalizi and Tara Alhadeff are two partners of Permira. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Carlyle 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
Milan-listed financial services firm Azimut acquired the majority of Brazilian wealth manager Knox Capital, a portfolio company of Nadsaq-listed XP, from its founders and other shareholders (see here a previous post by BeBeez). The target will rebrand as Azimut Knox. Giorgio Medda is the ceo of Azimut Holding. Wilson Barcellos is the ceo of Azimut Brasil Wealth Management. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Azimut 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
The 5 billion euros worth sale of Nestlè Waters, the owner of the brands Acqua San Pellegrino and Acqua Panna which is part of Swiss food giant Nestlè, is gaining momentum and attracted the interest of shortlisted budders PAI Partners, One Rock Capital and Clayton Dubilier & Rice (CD&R) while Bain Capital and KKR did not get through the further rounds of the auction (see here a previous post by BeBeez). Philipp Navratil is the ceo of Neslè as he replaced Laurent Freixe in September 2025.
RINA Prime Value Services, a service provider for the real estate sector that belongs to RINA (a portfolio company of Fondo Italiano d’Investimento, Arca Space Capital and a club deal of private investors), said it acquired Gloval, a Spanish competitor (see here a previous post by BeBeez). Banco de España must give the approval for the deal while the closing should take place in the next months. RINA Prime Value Services retained New Deal, Roland Berger, Cuatrecasas, and EY. Roberto Rey is the chairman and ceo of Gloval. Ugo Salerno is the executive chairman of RINA while Carlo Luzzatto is the company’s ceo and coo. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Fondo Italiano d’Investimento, Arca Space 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
Sources said to BeBeez that Italian fashion firm Etro sold a 45% to RAMS Global, Swinger International (Mathias Facchini) and SRI Group (Giulio Gallazzi) who replaced the company’s eponymous founding family and 34.1% owner (see here a previous post by BeBeez). Luigi Feola is a managing partner of L Catterton Europe which acquired 65.42% of Etro in 2021 on the ground of an enterprise value in the region of 500 million. Rothschild assisted the vendors. RAMS GLOBAL appointed Faruk Bülbül as Etro’s chairman while Fabrizio Cardinali will keep his ceo role. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors L Catterton Europe 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
Milan-listed industrial company Interpump Group acquired Italian competitor FARMA for an enterprise value of 22 million euros from F&P4Biz, a club deal that Guglielmo Fiocchi and Maurizio Perroni launched in 2019 and that acquired 74% of the target in 2021 through a buyout that carried on with Armando Poma, Andrea Poma (coo) and the managers (see here a previous post by BeBeez). Antonio Dolgetta is the ceo of FARMA. Fulvio Montipò is the executive chairman of Interpump. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors F&P4Biz 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
Algebris Green Transition Fund accepted the binding offer that Milan-listed utility Acea tabled for Aquanexa whose enterprise value amounts to 205 million euros or above with eventual earn-outs (see here a previous post by BeBeez). The closing could take place in 1Q26 upon antitrust approval. Fabrizio Palermo is the ceo of Acea. Luca Valerio Camerano is a managing director and senior partner of Algebris Green Transition Fund. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Algebris Green Transition Fund 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 spirits and wine producer Ilva Saronno is close to buying the brands Amaro Averna and Zedda Piras for 100 million euros from Milan-listed competitor Campari (see here a previous post by BeBeez). The assets reportedly attracted the interest of NewPrinces. Simon Hunt is the ceo of Campari which retained Mediobanca, PedersoliGattai and Biscozzi Nobili&Partners. PwC and BonelliErede assisted Illva Saronno for which Marco Ferrari acts as ceo.
Milan-listed Smart Capital, an investor in private equity and PIPE (Private Investments in Public Equity) deals with a permanent capital approach, acquired Marcap, a corporate finance advisory boutique whose shareholders will reinvest in the buyer through the subscripiton of a capital increase at 1,65 euros per share of 4 million euros (see here a previous post by BeBeez). Alessandro Guzzini, Domenico Guzzini, the Clementoni Family, Enrico Giacomelli, Giuseppe Casali, and Pompeo Iachini are some of the shareholders of Marcap that will fetch 4.75 million out of such a sale. On 11 November, Tuesday, Smart Capital said it was going to launch a 7.935 million capital increase. Alessandro Guzzini is the chairman of Marcap. Andrea Costantini is the chairman and ceo of Smart Capital while Andrea Faraggiana, coo, is a managing partner. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Smart 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
On 14 December, Sunday, Xenon Private Equity sweetened from 2,65 to 2,95 euros per share its public offer on Milan-listed Eles, a provider of testing solutions for semiconductor devices, that reportedly attracted a bid from Mare Group which signed a syndicate pact with Massimiliano Bellucci, a director of the target (see here a previous post by BeBeez). Xenon Private Equity, Antonio Zaffarami (current owner of 23.75% of Eles) and ceo Francesca Zaffarami (3.91%) signed an agreement providing for the transfer of their respective shares (approximately 32% of voting rights) to a vehicle at a value equal to the pro rata consideration of the offer, while maintaining an active role in the future governance of the group. The other main shareholders of Eles are NextStage AM (8.35%) and Carla Franceschin (6.10%). BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Xenon Private 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
Purelabs, a consolidation platform for healthcare services that belongs to RedFish LongTerm Capital, acquired Italian competitor Centro Medico Ponticello from the Graziani and Borghini families (see here a previous post by BeBeez). Marco Borghini will keep an executive role while Roberto Graziani will reinvest with PureLabs. The vendors retained Bonafè Grifoni e Associati and Righini-Dell’Amico. PureLabs hireed Dentons and EpyonVivida. Paolo Migliorini, MD, is the coo of Centro Medico Ponticello. Nino Lo Iacono is the ceo of Pure Labs. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors RedFish LongTerm 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
Clessidra Capital Credit sold to the Foglio and Congiu families and Anthilia Capital Partners its 17% in MGM, an Italian producer of outdoor technical footwear that in 2022 acquired Romania’s Rekord (see here a previous post by BeBeez). Mario Fera is the ceo of Clessidra which retained Advant Nctm. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Clessidra, Anthilia Capital 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
QuattroR and 28.77% owners Manuela Delpino, Alessandra Fagioli, and Alfredo Fagioli signed an agreement for selling Fagioli to French competitor CEVA Logistics (see here a previous post by BeBeez). Fernando Bertoni is the ceo of Fagioli. Mathieu Friedberg is the ceo of CEVA Logistics. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors QuattroR 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
German Audi – Volkswagen sold the majority Italdesign Giugiaro to California’s UST that beaten the competing bid of Gruppo Adler, an Italian producer of automotive components that Paolo Scudieri heads, CDP and other investors (see here a previous post by BeBeez). Sources previously said to BeBeez that the deal is worth below 350 million euros. The sources added that Italdesign, for which Antonio Casu acts as ceo, aims to generate a 470 million turnover by 2029. Lamborghini will keep a relevant undisclosed minority of the target. Krishna Sudheendra is the ceo of UST which retained Baker McKenzie while Linklaters assisted Audi. Geoffrey Bouquot is a member of the Board of Directors for Technical Development of Audi.
Wise Equity acquired the majority of Italian Marullo, manufacturer of pistachio-based ingredients and semi-finished products for the food industry, from the eponymous family that will reinvest in the target with the ceo Domenico Sciortino (see here a previous post by BeBeez). KPMG, ERM and Cross Border assisted Crédit Agricole Italia, Banco BPM, and Amundi which financed the transaction. Advest, Simmons & Simmons, Studio Spada Partners, Fineurop Soditic, Chiomenti, and Dentons acted as deal advisors. Marullo previously belonged to Pistacchio (32.44%), Kayak Family Office (20.01%), Emanuele Marullo (19.55%), Jacopo Marullo (18%) and Castello di Perno (10%). In 2022, RedFish LongTerm Capital (RFLTC) acquired 20% of Pistacchio (a vehicle that Marullo’s chairman Biagio Marullo founded) on the ground of an enterprise value of 16 million. Davide Arrigoni is a principal of Wise Equity while Edoardo Vaghi is the investment manager and Luigi Vagnozzi is a Senior Partner. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Wise 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
The Fiorelli Family (75.86%) and Oaktree Capital Management (24.14%) sold to BCPartners a controlling stake in Italian logistic company Fortidia, the new brand of MBE Worldwide which handles Mail Boxes Etc (see here a previous post by BeBeez). Paolo Fiorelli will keep his role as chairman and ceo and a stake in Fortidia which retained Jefferies, Sidley Austin, PedersoliGattai, and GPBL. BC Partners hired Latham & Watkins, Kirkland & Ellis, Facchini Rossi Michelutti, PwC, and Bain & Co. Mario Adario is par of Oaktree European Principal Group. Paolo Notarnicola is BCPartners co-head of Services and part of the Management Committee of the firm for which Marco Castelli is a partner. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Oaktree Capital Management, BC 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
Macquarie Capital sold to Tages Capital and Spain’s Bestinver its stake in EV Asset Holding the owner of a 50% of IPLanet, a joint venture that the vendor signed in 2023 with gas distribution network IP-Italiana Petroli to develop fast and ultra-fast electric charging stations in over 500 service areas throughout Italy (see here a previous post by BeBeez). Bestinver retained Herbert Smith Freehills Kramer while Tages hired Gianni&Origoni and Macquarie Capital appointed Chiomenti. Caruso Andreatini acted as public notary. Banco BPM, Bank of China, BBVA CIB, BPER, ICBC, Intesa Sanpaolo, Nomura, Rabobank, SMBC, Crédit Agricole-Corporate & Investment Bank, and MUFG will finance the 200 million euros worth investments of IPLanet. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Tages Capital, Bestinver, Macquarie, 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
Ethica Group, Cassa Lombarda, a pool of wealth managers, and entrepreneurs launched Holding Italiana d’Investimenti (H2I), a private capital platform that will focus on Logistics, Transports, Shipping, IT/Digital Transformation, Energy Transition, Food, Healthcare, and eventually other sectors through vehicles that will not have more than 150 million euros resources each (see here a previous post by BeBeez). H2I will provide the first 30 million to every vehicle. The directors of the platform are Paolo Tanoni, Cosimo Vitola, Fausto Rinallo, Paolo Vistalli, Nardo Filippetti, Massimo Trapletti, Giulia Berloni, and Francesco Panfilo. H2I will develop the unit for Logistics, Transport and Shipping in collaboration with VSL Club, through the investment holding H2I VSL Logistic that Fabrizio Vettosi and Ciro Russo will manage. Realitech will instead invest in cybersecurity, robotics and applied AI and have resources of 100 million (20 million from H2I) and head Enrico Palandri will pour resources in it.
Finlogic, an Italian producer of smart labels that since 2023 belongs to Credem Private Equity, Aurora Growth Capital (fka NB Aurora) and PM&Partners, said it acquired Sav from Andrea Moschini (60%) and Stefano Giampieri (40%) (see here a previous post by BeBeez). Gatti Pavesi Bianchi Ludovici, EpyonVivida and Russo De Rosa Associati assisted Finlogic for which Dino Natale acts as ceo. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Credem Private Equity, Aurora Growth Capital, 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
Arca Space Capital, a private equity investor that Arca Fondi and Space Capital Advisors launched, acquired a minority of Italian cosmetics company Unifarco through the subscription to a 20 million euros capital increase (see here a previous post by BeBeez). Arca Space Capital retained Gatti Pavesi Bianchi Ludovici, Boston Consulting Group, KPMG, and ERM. Unifarco appointed BZM Buttignon Zotti Milan & Co, Grimaldi Alliance and Studio Pison. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Arca Space 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
Stockholm-listed Troax acquired Stommpy, an Italian producer of impact protection systems for industrial environments, from onEquity, a club deal that Carlo Massacesi heads and that purchased the target in 2020 from Marco Chiarini and ceo Luca Gatti who reinvested for a 45% (see here a previous post by BeBeez). Giovanni Camusso will be the new ceo of Stommpy which attracted the interest of 14 potential buyers, sources said to BeBeez. Jonas Lindqvist is the head of New Business of Troax. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors onEquity 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
Rainbow, the Italian animation studio founded by Iginio Straffi, acquired the intellectual property rights for Geronimo Stilton, a kid character, from International Characters and Pietro Marietti, which belongs to the eponymous founder and The Equity Club (41.71%), a club deal in partnership with Mediobanca Wealth Management that Roberto Ferraresi and Filippo Penatti head (see here a previous post by BeBeez). Elisabetta Dami owns International Characters.
Cerantola, a company that belongs to the eponymous family, sold a majority stake to Igi Private Equity and Amundi Private Equity Italia, part of Crédit Agricole Italia (see here a previous post by BeBeez). Andersen Italia, Chiomenti and Molinari assisted the buyer which also acquired the subsidiary Ceraplast. Andrea Bruschi is a partner of Igi Private Equity BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Igi Private 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
YARD Reaas, a provider of real estate services that Emanuele Bellani, Paolo Datti (deputy chairman – head of M&A) and Paolo Perrella head and since 2024 belongs to AnaCap, acquired French competitor VSA Property Group (see here a previous post by BeBeez). Antoine Dehan and Vincent Decamps will keep their management role for the target. YARD retained Will Woodhead & Associés, KPMG, Deloitte, and Orrick. VSA Property hired Ansermaud & Trojani and FIREX. Alberto Sainaghi is a managing director of AnaCap. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors AnaCap 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
Orienta Capital Partners, Armònia and Square Capital Club, a club deal vehicle that Deutsche Bank launched in Italy in 2024, created a platform for acquiring players in the luxury cosmetics sector through the merger of Trendcolor, Inunup and New Cosmesy (see here a previous post by BeBeez). Massimiliano Testa is the ceo of Trendcolor. Orienta retained Orrick, Herrington & Sutcliffe, Lincoln International (debt advisor), Deloitte, and Exentially. Armònia hired Gianni & Origoni, EY Parthenon, OC&C, and Foglia & Partners. Square Capital received assistance from Gianni & Origoni and Deutsche Bank. Inunup and the vendor shareholders Alessio Annoni and Lario Up appointed Galbiati, Sacchi, Lamandini e Associati. Osborne Clarke, Advant NCTM and CP Advisor assisted New Cosmesy. Finint provided a junior facility while Banco BPM, Cherry Bank and Banca Sella provided a senior loan. Mario Gardini is the chairman of Orienta Capital Partners and of the new company. Alessandro Grimaldi is the ceo of Armònia. Luca De Bartolomeo heads Square Capital. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Armònia, Orienta Capital Partners, Square Capital Club, 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
Wateralia, a manufacturer of pumps for the integrated water cycle that belongs to Ambienta, acquired Australian competitor Aquatec from the Seeley family that will retain a minority (see here a previous post by BeBeez). Mauro Roversi, founding partner, is the private equity chief investment officer of Ambienta. Federico De Angelis is the ceo of Wateralia. Harvey Seeley is the ceo of Aquatec. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Ambienta 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
Koinos Capital’s portfolio asset Futur-A Group, a R&D hub for the manufacturing sector, acquired SmartEngineering from the founders Lia Grandi and Daniele Dall’Olio that will keep their management roles and reinvest in the buyer (see here a previous post by BeBeez). Spada Partners, Russo De Rosa, Studio Gelmetti, ERM, Eudai Partners, and EY assisted Koinos Capital for which Roberto De Carlo is a partner, Francesco Fumagalli a founding partner and Carlo Carusillo an investment analyst. SmartEngineering retained Deloitte Advisory and M&B Legal. Christian Solari is the ceo of Futur-A Group. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Koinos 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
Milan-listed ABC Company B-Corp signed a binding agreement for acquiring the management consulting and corporate finance units of Global Strategy, a firm that Antonella Negri Clementi founded in 2006 with equity partners Stefano Nuzzo and Marco Marinoni (see here a previous post by BeBeez). The vendors will acquire a minority of the buyer for 1,32 million euros (4 euros per share). ABC Company retained PedersoliGattai, Abaco Commercialisti Associati and EnVent. Global Strategy appointed Charles Russell Speechlys and Poggi & Associati. Stefano Taioli is the ceo of ABC Company. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors ABC Company 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
Buy&Build Opportunities (BBO), part of Riello Investimenti, acquired 70% of Filtes International from Sergio Carrara (see here a previous post by BeBeez). BBO hired Alvarez&Marsal, PedersoliGattai, Gherzi Textil Organisation, CDS, ERM, and Bruno Della Negra. Filtes International received assistance from Pirola Corporate Finance, Pirola Pennuto Zei & Associati and Studio Bettoni. Nicola Riello is the chairman of Riello Investimenti while Luigi Terranova, Andrea Tomaschù and Marco Visini act as directors. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Riello 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
Investindustrial, a firm that Andrea Bonomi founded, appointed Alberto Bettoli as partner and for replacing Emanuela Cisini as Co-Head of the Operational Improvement team (see here a previous post by BeBeez). Bettoli previously worked for McKinsey & Company as senior partner and will. Cisini will head the development of Investindustrial in the Middle East and Asia. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Investindustrial 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
