Download here the table of the biggest deals in 2025 and here the full BeBeez Private Equity Report 2025 with all details. BeBeez Private Equity Report 2024 of BeBeez Private Data is also available.
Programme:
11AM Caffè di networking
Accoglienza e incontri informali tra i partecipanti
Ore 11:30 AM Roundtable, BeBeez moderator
Ore 12:45 Closing speech and
Networking
Telepass owners Partners Group (49%) and Mundy’s (51% – fka Atlantia, a portfolio company of Edizione and Blackstone Infrastructure Partners) reportedly hired sale advisors Mediobanca and UBS that asked potential buyers to table by 31 March, Tuesday, the non-binding bids for the asset on the ground of a 4 billion euros enterprise value (see here a previous post by BeBeez). Telepass attracted the interest of Advent International, Bain Capital, Walburg Pincus, Salik Company Pjsc, and Via Verde, a Portuguese industry peer of APG, Stonepeak and Antin Infrastructure. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Partners Group, Blackstone, Edizione, 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
Alfa Gomma, an Italian producer of integrated systems for the management of industrial and hydraulic fluids, attracted offers on the ground of 1.2 – 1.3 billion euros enterprise value from Gates Industrial Corporation, Parker-Hannifin Corp, ICG and the company’s ceo Enrico Gennasio, Trelleborg – Triton, Danfoss, and Paris-listed Michelin (see here a previous post by BeBeez). Alfa Gomma is in voluntary liquidation since May 2025 in the aftermath of conflicts between Guido Gennasio (chairman) and the ceo Milan Court appointed Andrea Amaduzzi, Claudio Calabi and Enrico Cotta Ramusino as commissioners.
On 16 March, Monday, KKCG Maritime launched a 182 million euros (3,5 euros per share) offer on 15.4% of Milan and Hong Kong-listed luxury yacht maker Ferretti (see here a previous post by BeBeez). The bidder aims to raise its stake in the business from 14.5% to 29.9% and its offer will end on 13 April, Monday. Alberto Galassi is the ceo of Ferretti while Piero Ferrari is the onorary chairman and Stefano Domenicali a director. KKCG Maritime retained Unicredit, Somerley Capital, Equita sim, and Georgeson.
On 13 March, Friday, closed the tendering to the take-private offer on Milan-listed Health Italia that Giovanni Giuliani, Stefano Pellegrino, Massimiliano Alfieri, and Oscar Pischeddu (now 96.76% owners) launched (see here a previous post by BeBeez). Banca Akros, the buyside advisor, said that the investors paid 16.1 million euros for 28.36%. Banco BPM and Clessidra Capital credit financed the bidders. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Clessidra Capital Credit and its 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
Italian Ministry of Made in Italy Adolfo Urso said that troubled Italian steel producer Acciaierie d’Italia – Ilva attracted an offer from Indian trade buyer Jindal (see here a previous post by BeBeez). The Italian Ministry for Made in Italy (MIMIT) reportedly appointed Alessandro Danovi, Francesco di Ciommo, Daniela Savi, Giovanni Fiori, Giancarlo Quaranta, and Davide Tabarelli as extraordinary commissioners for the assets. Turnaround investor Flacks Group, a firm of British businessman Michael Flacks, also tabled a binding offer for Acciaierie d’Italia – Ilva . Flacks aims to sign a partnership with industry peers Metinvest, Danieli and Marcegaglia and Invitalia that could buy 40% of Ilva with an option for Flacks to purchase the company for 0.5 – 1 billion euros by a yet undisclosed date.
Sources close to Milan-listed multiutility Iren said to BeBeez that Rotschild and IMI are handling the sale of the renewable energy plants that belongs to its subsidiary Iren Green Generation Tech (see here a previous post by BeBeez). The assets are of interest to Plenitude, A2A, Dolomiti Energia, and Plures.
Made in Italy Fund (MIIF), a vehicle of Quadrivio & Pambianco that operates abroad with the brand Lifestyle, Weinberg Capital Partners and Three Hills Capital Partners acquired the majority of Les Secrets de Loly from Quilvest Capital Partners, as BeBeez reported in Janaury 2026 (see here a previous post by BeBeez). In 2022, the vendor purchased the asset for 60 million euros. Press reports said that Quadrivio and its co-investor tabled a 160 – 180 million bid and that received assistance from Rothschild, Jeantet, EY Parthenon, Interpath, and Hogan Lovells. Les Secrets de Loly hired Scalène Partners, Jefferies, AEF, Mayer Brown, Jeausserand Audouard, Alvarez & Marsal, and BCG. Kelly Massol is the founder of Secrets de Loly. Philippe Franchet is a managing partner of Quadrivio while Alessandro Binello acts as ceo. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Quadrivio, Three Hills Capital Partners, Weinberg 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
Milan-listed Mare Group tendered to the 3,2 euros per share or 26.3 million euros take private offer that Xenon Private Equity launched on 5 January, Monday, on Milan-listed Eles Semiconductor Equipment with the support of Antonio Zaffarami (the target’s chairman) and Francesca Zaffarami (ceo) (see here a previous post by BeBeez). The deal will generate a 5.6 million capital gain for Mare Group that will sell a 40.97% with 38.70% of voting rights of Eles for which it reportedly competed for the acquisition. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Xenon PE and its 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
Ardian signed an agreement for acquiring the majority of Casaforte Self Storage from Cesare Carcano and his family (see here a previous post by BeBeez). Ardian retained Mediobanca (M&A and Debt Advisory), Chiomenti (Legal & Tax), Deloitte (Financial Due Diligence), Ryze (Technical). Ethica Group (M&A), and Advant NCTM (Legal) assisted Casaforte. Rodolfo Petrosino is Ardian’s head of Real Estate Southern Europe & senior managing director while Matteo Minardi is the head of Real Estate Italy & managing director. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Ardian and its 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
Lucky Red, an Italian cinema production and distribution firm, sold a 51% stake for 26.6 million euros to Canal+ (see here a previous post by BeBeez). Andrea Occhipinti (former 89% owner) fetched 20.8 million and will keep his ceo role with a 49% of the business. Valerio Scarinci (10%) received 5.2 million and Stefano Massenzi (1%) 0.521million. Gianni & Origoni and Romain Bessi assisted Lucky Red. RPLT RP legalitax advised Studiocanal Atlante Cerasi acted as public notary.
PA Aromatics Flavors, an Italian chemical company for the food and consumer good industry, hired Intesa Sanpaolo for finding a financial partner(see here a previous post by BeBeez). The company already attraced the interest of Investindustrial and other private equity investors. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Investindustrial and its 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
GridCore, a portfolio company of Xenon Private Equity, acquired Italimpresa from the Plona and Bonali Families (see here a previous post by BeBeez). The vendors will reinvest in the buyer that also belongs to the Ghilardelli, Castiglioni and Bortolami Families. Dentons advised the lenders Clessidra Capital Credit, Tages Capital, Anima Alternative, Oquendo Capital SGEIC, Green Arrow Capital, Sienna IM Italia (fka Ver Capital), and illimity Bank (Banca Ifis). GridCore received assistance from Pavia e Ansaldo. Studio Todeschini & Bastrenta acted as public notary. Emanuele Plona heads Italimpresathat retained Studio Piccoli Sarti & Partners. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Xenon Private Equity and its 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
Sources said to BeBeez that Quattro R is shortlisting the advisors for a sale of its 65.76% stake in Massimo Zanetti Beverage Group (MZBG) for which Pierluigi Tosato acts as ceo (see here a previous post by BeBeez). Massimo Zanetti owns 28.75% of the business which also belongs to Anthilia, Francesco Perilli and Micheli Associati. MZBG is profitable again as its ebitda amounts to 86 million euros (+37% yoy) and the free cash flow to 22 million. In 2024, the company generates losses of above 69 million. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Quattro R and its 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
Ambienta, a private capital firm that Nino Tronchetti Provera founded, acquired the majority of Pieco from the Medolago Albani Family that will reinvest in the business (see here a previous post by BeBeez). Giovannelli e Associati, Roland Berger, KPMG, and Ramboll advised the buyer. Pieco previously belonged to Pietro Medolago Albani (40.3%), Alessandro Medolago Albani, Federico Medolago Albani, and Giovanni Andrea Medolago Albani (19.9% each). Mauro Roversi is Ambienta’s chief investment officer, private equity while Giacomo Forti is a partner. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Ambienta and its 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
German industrial company Trench Group retained De Berti Jacchia for acquiring Italian competitor Enerlux Power from Christian Ronchini and Monica Ronchini (see here a previous post by BeBeez). Bahadir Basdere is the chairman and ceo of Trench Group. Gianluca Gavarone is the new ceo of Enerlux.
Antenna, a firm of the Greek entrepreneur Theodore Kyriacou, is close to acquiring Italian publisher GEDI from Exor for 100 million euros (see here a previous post by BeBeez). BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Exor and its 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
TeamSystem, a portfolio company of Hellmann&Friedmann, HG Capital, Silver Lake Partners, ADIA, and Alphabet CapitalG (fka Google Capital), acquired Nibol, a Milan’s workplace management player that Riccardo Suardi founded in 2018 (see here a previous post by BeBeez). In 2023, the company attracted one million euros from CDP Venture Capital that carried on an exit with this deal. Federico Leproux is the ceo of TeamSystem which retained PwC and Laward. Nibol received assistance from Cazzani – Studio Legale. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Hellmann&Friedmann 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
Innovo Group, a financial investor that belongs to Rodolfo Bigolin, said it acquired Miami-based New Art Vanguard, a creative agency that Leopoldo Vendramin and Federico Hausammann founded (see here a previous post by BeBeez).
Milan-listed utility Hera’s subsidiary Herambiente Servizi Industriali (Hasi) reached 83% of Servizi Ecologici Ambientali (Sea) after having acquired 52% of the asset from ceo Alessandro Massi that will keep operative roles (see here a previous post by BeBeez). Kon Group and Studio Legale Tremolanti assisted the vendor. Hasi retained GA – Grimaldi Alliance. Andrea Ramonda is the ceo of Herambiente.
Orion, a PAI Partners portfolio company, acquired Tecnova HT from Livio Daccò, Andrea Giovane (40% each) and Silvia Giovane (20%) (see here a previous post by BeBeez). The vendors retained LCA Studio Legale and Chiaravalli, Reali e Associati BeBeez Private Data, the private capital database of BeBeez and FSI, monitors PAI Partners and its 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
Andion CH4, a portfolio company of Equitix, acquired 95% of Enerland (see here a previous post by BeBeez). De Berti Jacchia assisted Andion. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Equitix and its 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
Alma Farmacie, an Italian drugstores network that belongs to Claudio Costamagna, Andrea Giardino, Federico Floriani, Pasquale De Felice (ceo), Michele Quaranta (head of m&a and Business Development), and Eurizon Ecra Infrastrutture Eltif, acquired Farmacia di Rastignano (Bologna) from the Nizzi Family and Farmacia San Pio (Apulia) from Doctor Maria Carmela Di Summa (see here a previous post by BeBeez). BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Eurizon Ecra Infrastrutture Eltif and its 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
QuattroR reached 1 billion euros worth of assets under management after having raised above 260 million in commitments for art.8 SFDR compliant QuattroR MidCap that previously set a 250 million target and retained Alma LED. (see here a previous post by BeBeez). The fund’s deployment already amounts to 30% of its power chest. Stefano Cassina (chairman) Flavio Valeri and Francesco Conte (ceo) make the investment committee of QuattroR while Paolo Cavagnino and Marco Pontiggia are part of the operative team. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors QuattroR and its 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
The European Investment Fund (FEI), part of the European Investment Bank (EIB), said it committed for up to 20 million euros investment in DaVinci Growth Capital Fund, an Italian EuVECA Pir Alternative Compliant that Alternative Capital Partners (Acp), for which Emanuele Ottina acts as ceo and Ofelia Harder and senior manager business development and fundraising, launched in partnership with Düsseldorf-listed RedFish Capital Partners, a firm that Paolo Pescetto and Andrea Rossotti head (see here a previous post by BeBeez). The investment is part of the InvestEU and European Scale-up Action for Risk Capital (ESCALAR) programmes. Gelsomina Vigliotti is the vicepresident of EIB. DaVinci Growth Capital Fund set a fundraising target of 80 – 100 million to invest in majority stakes of high margins digital technology, industrial technology and life science & health SMEs with an ebitda of 1 – 4 milioni di euros. The fund’s expected net IRR is of above 20%. The portfolio will contribute to innovation (70%) and environmental sustainability objectives (15%). Marco Marrone is the chief investment officer of EIF. Antonello Carlucci is the managing partner of DaVinci Growth Capital Fund. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors RedFish Partners, Alternative 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
Tages Capital said it attracted commitments worth 554 million euros for its infrastructure vehicle Tages Helios Net Zero (THNZ) (see here a previous post by BeBeez). Eugenio Vecellio is the head of sales of Tages Capital, said the the firm will soon announce the first closing for Tages Infra Plus that Carlo Michelini heads. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Tages Capital and its 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
