Advent International and Nextalia is going to launch a take-private offer on Milan-listed Tinexta (fka Tecnoinvestimenti), a provider of Digital trust, Credit Information & Management and Sales & Marketing Solutions, after having acquired little less than 39% (32.66% voting rights) of the target at 15 euros per share from several Italian chambers of commerce (see here a previous post by BeBeez). The funds will pay 15 euros per share for 42.65% of Tinexta. Francesco Canzonieri is the ceo of Nextalia. Francesco Casiraghi is a managing director of Advent. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Advent, Nextalia 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
HIG Capital sold Xtera Topco, a provider of submarine telecom systems, to a joint venture of which Milan-listed Prysmian owns 80% and Fincantieri 20%. The target’s enterprise value amounts to 65 million US Dollars and the closing may take place by 1Q26. EY-Parthenon, EY Studio Legale Tributario and EY assisted the buyer (see here a previous post by BeBeez). Raul Gil is Prysmian’s EVP Transmission. Pierroberto Folgiero is the ceo and managing director of Fincantieri. Keith Henderson is the ceo of Xtera. John Harper is the ceo of London bureau of HIG. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors HIG 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
Nextchem, a Sustainable Technology Solutions (STS) subsidiary of Milan-listed contractor Maire, sold 7.9% to Azzurra Capital and signed a binding agreement for acquiring Gruppo Ballestra, a producer of sustainable fertilisers that is also active in design of gas-liquid reactors for specialty chemicals (see here a previous post by BeBeez). Azzurra Capital paid 110 million euros for the deal on the ground of an enterprise value of 1.4 billion of 14X the expected 2025 ebitda. Azzurra Capital, a fund in which invested Azimut Libera Impresa, acquired the stake in Nextchem from Maire Investments, the family office that belongs to Fabrizio Di Amato and his Family. Nextchem now also belongs to Maire (82.1%) and Yousef Al Nowais (5%). Gruppo Ballestra’s enterprise value amounts to 108.3 million and its acquisition will be worth 126.5 million on the ground of a 2024 adjusted net cash of 18.2 million. Nextchem will finance the transaction with its own resources and credit facilities it already fetched. Alessandro Bernini is the ceo of Maire which retained PwC and aims to launch an ipo for Nextchem. Stefano Marsaglia is a managing partner of Azzurra Capital. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Azzurra 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
Kering signed an agreement for acquiring 20% of Gruppo Raselli Franco, a luxury jewels maker, in 1Q26 from Andrea Raselli (ceo – 36.96%), Michele Raselli (22.11%), Luciana Machieraldo (20.13%), Mirco Porta (20.1%), and Giovanni Mantovani (0.7%) for 115 million euros ahead of purchasing the whole business by 2032 (see here a previous post by BeBeez). Gianni & Origoni and Foglia & Partners assisted Kering. The vendors retained District Advisory and Hogan Lovells. Luca de Meo is the ceo of Kering.
Nexture, a food ingredients producer that belongs to Investindustrial, signed an agreement for acquiring Sipral Padana from Bravo Capital Partners (68.8%), ceo Gianpietro Corbari (11.76%) and Giovanni Tavazzi (8.67%) (see here a previous post by BeBeez). The closing should take place in 1H26. Rothschild & Co advised Bravo Capital. Gabriele Del Torchio is the ceo of Nexture which retained Mediobanca, Investindustrial Capital Markets, PedersoliGattai, Investindustrial Operational Improvement Advisory Team, McKinsey & Company, PricewaterhouseCoopers, Ramboll, and Paul, Weiss. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Investindustrial, Bravo 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
Eulero Capital acquired 60% of Boart & Wire, a firm active in the design and manufacture of diamond tools for cutting natural stone blocks in which Simest co-invested (see here a previous post by BeBeez). Labs Corporate Finance and Legance assisted Antonio Bidese and Carlo Ruaro who sold part of their stakes and will reinvest in the business of which they will own 40% with the management team. Banco BPM financed the transaction. Eulero Capital retained Kearney, Gatti Pavesi Bianchi Ludovici, EY, Pirola, Pennuto, Zei, Ramboll, and MAG. Simest hired Brandstätter. Roberto d’Angelo is the ceo of Eulero Capital. Vera Veri is Simest head of equity and investments. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Eulero 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
Rinhova, the Italian waste management platform of Xenon Private Equity, hired Gelmetti Studio Legale Associato for acquiring Bellatrice and AG7 that received assistance from Dentons (see here a previous post by BeBeez). The Galli Family sold the assets.Gianluca Cencia is the ceo of Rinovha for which Gianfranco Piras, a partner of Xenon, acts as chairman. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Xenon Private Equity, Tikehau 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
Europe Capital Partners, a Luxembourg vehicle that Park Street Capital manages, acquired the majority of ESCA, an Italian producer of frozen sauces, from Giuseppe Patrizi and Patrizio Patrizi that will keep their management roles (see here a previous post by BeBeez). BCC Banca Iccrea associates Banca Sella, Banco di Desio e della Brianza, Banca Popolare di Puglia e Basilicata, Banca del Piceno, and BCC di Milano financed the transaction with Tenax Capital Limited. The Patrizi Family retained Mediolanum Investment Banking, Simeone Valentini and Marina Rosa Liberati. Renato Mazzolini is a General Partner of Europe Capital Partner that hired CS & Associati, Gatti Pavesi Bianchi Ludovici, Spada Partners, Pirola Pennuto Zei, Yard Reaas, ERM, and OC&C. Chiomenti advised the lenders. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Europe Capital Partners, Tenax 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
LMDV Capital, the family office of Leonardo Maria Del Vecchio, will hold exclusive talks until the end of January 2026 for acquiring the majority of Quotidiani Nazionali (QN), the publisher of Italian newspapers Resto del Carlino, Il Giorno, Quotidiano Nazionale, and La Nazione (see here a previous post by BeBeez). LMDV also acquired 30% of Italian daily Il Giornale from Antonio Angelucci for 30 million euros. QN belongs to Monrif, an investment holding that Andrea Monti Riffeser chairs. Marco Talarico is the ceo of LMDV of which Gabriele Benedetto is a board member, Marco Talarico the head of publishing and Luigi Mascellaro a director for M&A. The firm is also hiring Raffaella Mangini. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors LMDV 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
GBSapri, an Italian insurance broker of which Brera Capital and co-investor Headway Capital have 70% since 2024, said it acquired Italian competitor Gruppo B&T (Business & Tourism) from Marcello Alesse and Luisa Izzo that will keep their management roles (see here a previous post by BeBeez). Carlo Maria Bassi is the ceo of GBSapri. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Brera Capital, Headway 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
Alcedo and the Ferroni Family sold the majority of Aeromeccanica Stranich to industry peer Baglioni (see here a previous post by BeBeez). Andrea Ferroni will reinvest in Stranich and will act as ceo of the target. Alcedo and the Ferroni Family hired Studio Legale Giammarino and Gitti and Partners. Gruppo Baglioni retained Studio Fiorini STP and WST Studio Associato Fabio Auteri acted as public notary. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Alcedo 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
Gradiente acquired Italian eyewear retail chain Veneziani & Co, the owner of Outly brand, from Equilybra Club 1 (30%), a club deal vehicle that Matteo Gatti and Paolo Prati launched, 30.8% owners Guido Fabris and ceo Stefano Fabris that will keep his role, GMG (28%), Matteo Penzo (5.6%), and Renato Tosatto (5.6%) (see here a previous post by BeBeez). Banca Ifis – illimity Bank financed the transaction and hired Orrick. Gradiente retained SAT Studio Legale, Orsingher Ortu Avvocati Associati, Monitor Deloitte, PwC, Russo De Rosa Associati, and ERM. The vendors received assistance from LABS Corporate Finance, Giovanelli e Associati Studio Legale and Cerina Studio Legale while Padua’s Doria Saglietti Scerbo acted as public notary. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Gradiente 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 8 January, Thursday, took place the shareholders meeting of Milan-listed Eles Semiconductor Equipment, an Italian producer of testing solutions for semiconductor devices, that reportedly attracted the take-private interest of Mare Engineering Group and competing bidders Antonio Zaffarami (the target’s chairman), Francesca Zaffarami (ceo) and Xenon Private Equity who tabled a 3,2 euros per share offer (see here a previous post by BeBeez). Between 5 and 30 December 2025, Mare and Massimiliano Bellucci, a board member of Eles launched a 2,65 euros per share public offer. Eles directors decided not to renew the appointment for Michael Bosco. Eles has currently 5 board members (see here a previous post by BeBeez) 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
Vulcain Engineering Group, a portfolio company of Ardian, Tikehau Capital and EMZ, acquired Italian competitor Incico from Olivier Severini (former 41.67% owner), Giovanni Monini (41.76%), Alberto Rizzoli (10%), Antonello Ruttilio (4.17%), Andrea Mazzoli (1.25%), and Lucio Rasicci (1.25%) (see here a previous post by BeBeez). Severini will keep a minority of Incico and his ceo role while Monini carried on a full exit but will act as business development vice-president. Translink Italy acted as deal advisor. Alban Guilloteau is the co-ceo of Vulcain Engineering Group. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Ardian, Tikehau Capital, Eurazeo, Amundi Private Equity Funds, 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
Milan-listed IT firm Sesa sold its agency unit to competitor Teamsystem, a portfolio company of Hellmann&Friedmann, Silver Lake Partners, ADIA, and CapitalG (see here a previous post by BeBeez). Var Group supported Sesa for which Alessandro Fabbroni acts as ceo. Federico Leproux heads Teamsystem that will pay 10 million euros in cash for the acquisition. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Sesa and Teamsystem. 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 closures producer Pelliconi hired Dawan Corporate Finance for sounding the interest of trade buyers and financial sponsors (see here a previous post by BeBeez). The asset could attract the interest of Guala Closures, a portfolio company of Investindustrial.
Sources said to BeBeez that the Polenghi Family purchased back from Progressio a 38. 73% of Polenghi Food with the support of Credit Mutuel Equity, IDIA Capital Investissement – Crédit Agricole, ceo Filippo Scandellari, and the company’s managers (see here a previous post by BeBeez). Vitale&Co assisted the buyers. Filippo Gaggini and Alessandro Petraccia are the ceo and a senior partner of Progressio which retained Hogan Lovells. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Progressio 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
Spain’s SPW Fabrics, a company that belongs to Alantra Private Equity since 2024 and for which Carlos Parés acts as chairman, said it acquired Italian competitor MITI – Manifattura Italiana Tessuti Indemagliabili from Leonardo Polli and his family (see here a previous post by BeBeez). Alantra Private Equity received assistance from EY, Legance, Essentia, and Marsh. MITI retained Ethica Group, PedersoliGattai and DWF Italia. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Alantra 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
Milan-listed Spac Friends, a vehicle that raised 14 million euros at 1,2 euros per share, signed a binding agreement for the acquisition of Italian B-corp PMG Italia, a provider of social inclusion projects (see here a previous post by BeBeez). PMG Italia’s acquisition is worth 12 million. The target previously belonged to Gian Paolo Accorsi (56.5%), Marco Accorsi (11.26%), Paola Accorsi (11.26%), Lina Passarini (11.26%), Elledi Service (5%), and Marco Mazzoni (4.72%). Bruno Belgioco promoted Friends of which he will own 32.3% post-ipo. Friends retained Gianni & Origoni, illimity Bank, part of Milan-listed Banca Ifis, Diadema Capital, and BDO BeBeez Private Data, the private capital database of BeBeez and FSI, monitors the Italian Spacs and their business combinations. 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 engineering firm Mare Group and Milan-listed real estate developer Borgosesia closed a capital increase of 7.5 million euros for their search fund EasyGo which announced the acquisition of EMM Systems, a provider of software platforms for the supply chain management (see here a previous post by BeBeez). EasyGo retained illimity Bank, part of Milan-listed Banca Ifis, as financial partner and advisor. Antonio Maria Zinno (ceo of Mare Group) and Francesco Intorcia are the chairman and ceo of EasyGo for which Marco Sforza acts as board member. Borgosesia poured 0.6 million in the capital increase with a club deal of investors. EMM Systems previously belonged to Daniela Aimone (80%), Marinella Aimone (10%) and Giacomo Figalli (10%).
Frankfurt-listed financial investor Mutares said it sold Italy’s Conexus (fka SIX Energy) to ATS – Advance Technologies System, a portfolio company of Maximum Return System Group (see here a previous post by BeBeez). The closing may take place in 1Q26 after having received the Golden Power authorization from the Italian Government. Johannes Laumann is the cio of Mutares. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Mutares 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
China’s Orinko, a producer of polymer compounds for the automotive industry, acquired 70% of Italian Omikron from the Borio and Rizzi families for 20 million euros (see here a previous post by BeBeez). Scouting Capital & Family Advisors, LRV Legal and Studio Richieri Commercialisti Associati advised the vendors. Orinko retained Molinari, Zhong Lun and Collabrium Partners. Omikron previously belonged to Polinvest (77.94%), Giancarlo Rizzi (10.93%), Alberto Borio (5.46%), and Gloria Giaccone (5.46%).
Lynx, an IT company that belongs to the Moretti Family and Carlyle, said it acquired 75% of Temsi, an Italian competitor from ceo Roberto Fasani and other shareholders that will keep a 25% (see here a previous post by BeBeez). In 2023 Gellify purchased 51% of Temsi that also belonged to Giuseppe Lotto (previously 12.74% owner), Emiliano Russomando (12.74%), Fasani (6.9%), Irene Fasani (5.86%), Marco Fasani (5.86%), and Giacomo Bitelli (4.9%). Tems also owns 70% of Brazil’s Alterego whose 30% belongs to Marco Lupi. GM Venture of Graziano Messana (the chairman of the Italian Chamber of Commerce in São Paulo) advised Lynx who also retained Livingstone Partners, DLA Piper, KPMG, and Morpurgo e Associati per le due diligence legali. Matteo Moretti is the ceo of Lynx. 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
Alcedo and the Ferroni Family sold the majority of Aeromeccanica Stranich to Italian competitor Baglioni (see here a previous post by BeBeez). Andrea Ferroni will reinvest in Stranich. Giammarino and Gitti and Partners assisted the vendors. Baglioni retained Studio Fiorini STP and WST Studio Associato while Novara’s Auteri acted as public notary. Michele Gallo is a managing partner of Alcedo. Franco Tartaglino is the chairman and ceo of Baglioni. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Alcedo 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 Lantmännen Unibake acquired Panificio San Francesco (PSF), an Italian industrial bakery, from NEIP III Sicaf – Itago (75%), Isidoro Roncato (12.5%), Massimo Sanchioli (12.5%) which retained Eversheds Sutherland, Vitale, EY, EY Parthenon, Studio Tributario Deiure, Studio Terrin, and Artha Corporate Finance Advisory (see here a previous post by BeBeez). Portolano Cavallo advised Lantmännen Unibake. Domenico Tonussi is a partner and managing director of Itago. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Itago, NEIP and their 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 Vesper Next Generation Infrastructure Fund, a vehicle with 700 million euros of assets under management, attracted 35 million from FOF Infrastructure – CDP Real Asset, 50 million from Cofides and a commitment of 100 million from the European Investment Fund (EIF) ahead of soon-to-carry on deals (see here a previous post by BeBeez). Alfredo Maria De Falco (chairman) and Livio Fenati (ceo) are the founders of Vesper Infrastructure Partners. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Vesper Infrastructure 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
Sources said to BeBeez that Casa del Gelato sold a 50% stake to lead investor Canson Capital Partners and Simest (see here a previous post by BeBeez). Matteo Canonaco and James Simpson are the founders of Canson which received assistance from Forvis Mazars. Simest retained Legance. Stefano Lugli advised Casa del Gelato who previously belonged to Andrea Giovanardi (28%), Corrado Giovanardi (28%) ciascuno), Gianni Vezzali (28%), and Lodovico Zona (16%). Mengfan (Homen) Hou is a partner of Canson Capital Partners. Vera Veri, heads the Equity Investments unit of SIMEST. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Canson 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
Ambienta is in exclusive talks for acquiring Italian vegan food producer The Bridge which retained Livingstone Partners (see here a previous post by BeBeez). Ernesto Marcigaglia is the founder of the target which belongs to Marco Marcigaglia, Paolo Marcigaglia and Margherita Rancan. 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
Sources said to BeBeez that Alice Pizza, a fast-food chain whose 69.55% belongs to IDeA Taste of Italy (part of DeA Capital Alternative Funds), attracted the interest of Auctus Capital Partners, Capdesia, Quadrivio, McWin Capital Partners who tabled a bid with Borletti, and Cigierre, a portfolio company of Bc Partners and QuattroR (see here a previous post by BeBeez). Houlihan Lokey is auctioning the asset. Further shareholders of Alice Pizza are Lorenzo Giovannini (12%), Luna Giovannini (12%), Domenico Giovannini (6%), and Claudio Baitelli (0,,45%) 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
Attindas Hygiene Partners, a company that American Industrial Partners acquired in 2021 from NYSE-listed Domtar Corporation, purchased SILC – Società Italiana Lavorazione Cellulosa from the Cagnana, Ogliari, Arcelloni, Rossi, and Toscani Families which retained Pirola Corporate Finance and Bird & Bird (see here a previous post by BeBeez). Esther Berrozpe is the ceo of Attindas which received assistance from CDS, EY, Lockton, Ramboll, and Chiomenti.
Sources said to BeBeez that Fondo Italiano d’Investimento (FII) acquired above 65% of Italian baked food maker Alimenta Produzioni from Valter Baldacci (former 52.5% owner), Matteo Federici (12%), Alberto Fenati (11.5%), Luciano Burattini (10%), and Moreno Giulianelli (10%) for an enterprise value of 50 – 150 million euros (see here a previous post by BeBeez). Giovannelli e Associati, Russo De Rosa Associati, Deloitte, EY Parthenon, ERM, and Marsh assisted FII. The vendors retained Ethica Group and Studio Fùlcros. Pier Felice Murtas, is a senior partner of Fondo Italiano. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors FII 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
London’s Global Loan Agency Services (GLAS) , a portfolio company of Oakley Capital Levine Leichtman Capital Partners and La Caisse (fka CDPQ), acquired Italian competitor Loan Agency Services (LAS) (see here a previous post by BeBeez). LAS founder Isidoro Lucciola will chair GLAS Italia while Roberto Mugnaioli will keep his role as target’s ceo. Mia Drennan is the founder and ceo of GLAS. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Oakley Capital, La Caisse 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
In 2025, Italian market participants closed 1350 deals (-6% yoy) worth above 70 billion euros (-12%), a KPMG report of partner Max Fiani said (press release) (see here a previous post by BeBeez).
