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.
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Alfa Gomma, an Italian industrial company in voluntary liquidation since May 2025 due to irreconcilable differences between the brothers Guido Gennasio (chairman) and Enrico Gennasio (ceo), is in exclusive sale talks with Danfoss, a Danish competitor that could acquire the asset for 1.2 – 1.3 billion euros (see here a previous post by BeBeez). The company also attracted the interest of Gates Industrial Corporation, Parker-Hannifin Corp, Intermediate Capital Group and the ceo Gennasio, Trelleborg – Triton, and Paris-listed giant Michelin.
Flos B&B Italia Group, the high-end design platform of Investindustrial and Carlyle, said it sold Danish lighting company Louis Poulsen to Chr. Augustinus Fabrikker Aktieselskab (see here a previous post by BeBeez). Kromann Reumert, Chiomenti, Nishimura & Asahi e Heuking Kühn Lüer Wojtek, and Lazard assisted the vendor which fetched 470 million euros, market rumours say. Investindustrial acquired Louis Poulsen in 2028 from Polaris Private Equity that purchased the asset in 2014 for 94 million from troubled Targetti Sankey Group. 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
Koinos Capital launched Ventha Group, a buy & build platform company operating in the sector of installation and maintenance of heating, plumbing, electrical, photovoltaic and specialist systems, with the financial support of Anthilia Capital Partners and Tenax Capital (see here a previous post by BeBeez). Koinos created Ventha out of the acquisition of Seit, Euroeco and Gruppo Zini with its subsidiaries Zini Impianti, Effeci, Effeci Air, Global Faber Brixia. Paolo Fraschini and Giuliano Paladini (Eureco’s vendors), Armando Dioni (Seit), Claudia Girelli and Luca Zini (Zini) reinvested in Ventha Group. Koinos Capital retained Roland Berger, Alpeggiani Avvocati Associati, KPMG, Spada Partners, ERM, and EY. Gruppo Zini hired EY, Studio Legal F.G.B. and Ergon Commercialisti. Euroeco appointed EY, LawSharing and Studio Berto. Seit received assistance from Studio Iannace and Opera Consulting. Roberto De Carlo is a Partner of Koinos Capital which received from Anthilia Capital Partners and Tenax Capital Partners a multi-tranched CapEx Line. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Koinos, Anthilia Capital Partners, Tenax Capital, 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
Esapro, a portfolio company of Algebris Green Transition Fund since since 2024, acquired 70% of REN Electron from former 94% owner Luca Miotti (see here a previous post by BeBeez). Matteo Tarchi is a senior partner of Algebris Green Transition Fund. Giorgio Menaldo is the ceo of Esapro which retained Advant NCTM, Movent Capital, Epyon, and Studio Deiure. Miotti received assistance from LCA. Intesa Sanpaolo and Banco BPM provided a structured credit facility for refinancing the debt of REN Electron and consolidating the liabilities of Esapro which launched a capital increase of 6.6 million euros (see here the notes of the shareholders meeting available for the subscribers to BeBeez News Premium and BeBeez Private Data) with the assistance of Chiomenti. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Algebris Green Transition Fund 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
Rinovha, a waste management company that belongs to Xenon Private Equity, attracted the interest of F2i, HIG Capital and Three Hills Capital Partners for a minority investment (see here a previous post by BeBeez). Rothschild is assisting the vendor. Rinohva previously received the financial support of Tikehau Capital for M&A deals. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Xenon Private Equity, Tikehau Capital 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 Tinexta attracted the take private interest of Advent International, Nextalia and Tecno Holding (see here a previous post by BeBeez). The bidders already have 88.835% of the asset (90.32% of voting rights) and on 10 June, Friday, filed with Italian stock market regulator Consob another delisting offer at 15 euros per share of up to 70.9 million euros in cash on the ground of an enterprise value of little above 1.2 billion. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Advent International, Nextalia 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
Powy, a portfolio company of Swiss Life Asset Managers, acquired RAW Charging Network (Italy) from UK’s RAW Charging Network which belongs to Antin Infrastructure Partners (see here a previous post by BeBeez). In 2018, Federico Fea and Andrea Brentan founded Powy which retained Fieldfisher and Peyron. In 2023, Powy attracted an investment of 84 million euros from Swiss Life Asset Managers that acquired a majority stake. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Powy, Swiss Life AM 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
On 12 June, Friday, Banca CF+, a portfolio company of Elliott Investment Management, raised a further 4.922% of Milan-listed Banca Sistema of which it now owns 85.674% (85.669% voting rights) (see here a previous post by BeBeez). Gianluca Garbi is the ceo of Banca Sistema while Iacopo De Francisco heads Banca CF+. Elliott aims to integrate Banca CF+ expertise in the factoring sector and the leadership position of Banca Sistema the purchase of tax credits, lending, one fifth assignment, and purchase of receivables from the public sector.
Newman Holding, a permanent capital holding that Agostino Trapani and Carlo Leone founded, acquired Italian HVAC company Vecton (see here a previous post by BeBeez). Newman Holding operating partner Cristiano Musi will act as ceo of Vecton. Newman Holding attracted the equity support of Italian entrepreneurs and family offices, and senior secured financing facilities from Idinvest Debt, Eurazeo Global Investor, Swiss Capital European Private Debt Funds I for launching Vecton (see here a previous post by BeBeez), a platform company that is interested in further Italian acquisitions, Trapani said to BeBeez. Newman Holding and Vecton retained Alpeggiani, PedersoliGattai, Spada Partners, Russo De Rosa, EY, DL Law, Ramboll, Howden, Empiria Partners, and Finerre
Facile.it, a portfolio company of Silver Lake Partners and Oakley Capital that ceo Maurizio Pescarini heads, acquired Infodrive Service and Fideas (see here a previous post by BeBeez). BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Silverlake, Oakley Capital 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
Studio Rock, an accountancy firm with bureaus in Milan, Salerno and Lugano, announced the sale of a stake to Montefiore Investments, a Paris mid-market private equity with assets under management worth 5 billion euros that Éric Bismuth and Daniel Elalouf founded and in which invested NYSE-listed Affiliated Managers Group (AMG) (see here a previous post by BeBeez). Studio Rock retained Studio Legale Pavesio e Associati. Simone Rodi is a managing director of Montefiore Investment which received assistance from Carlo Conti, DLA Piper, AlixPartners, Accuracy, Pedersoli Gattai, Willis Tower Watson, and ERM. Enrico Calabretta is an equity partner of Studio Rock, Roberto Toldo a salary partner and Fedele Gubitosi a managing partner. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Montefiore 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 biomethane company CH4T, a portfolio company of Spain’s Suma Capital since 2024, acquired a plant project from Iron RE (see here a previous post by BeBeez). DWF assisted CH4T for which Stefano Begnini acts as ceo. BIP Law & Tax , BIP Group and MFZ & Partners advised Iron RE. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Suma 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
Unguess (fka AppQuality), a startup born within Mobile Lab – Milan Polytechnic University, acquired Germany’s Testbirds, a firm that Philipp Benkler, Georg Hansbauer and Markus Steinhauser founded in 2011 (see here a previous post by BeBeez). Federico Malvezzi is the ceo of Unguess and Luca Manara is the founder and executive chairman.Giotto Group, a water treatment company that Spin Capital launched in 2025 out of the merger of Giotto with SC Costruzioni Meccaniche and Tek.Metal, raised above 30 million euros in equity and undisclosed credit facilities from Banco BPM, ICCREA Banca and UniCredit (see here a previous post by BeBeez) Fabrizio Gualdi and Marco Gelmi are the founders of Spin Capital which retained LMS Studio Legale, KPMG, Fortlane Partners, mrbConsulting, Marsh, Finerre, and Essentia. Giottoretained Equity Factory and Biscozzi Nobili & Partners. Novance and Deloitte Legal assisted SC Costruzioni Meccaniche. BDO and Gitti and Partners advised Tek.Metal. Enzo Bina is the ceo of Giotto Group.
Apice, a portfolio company of Itago since 2023, acquired Ars Movendi from Marco Fusi and Filippo Fusi (see here a previous post by BeBeez). BIP Law & Tax assisted Itago and Apic. The vendors retained Harpalis STA and Nobel Partners Advisory. Itago was born in April 2019 as a spin-off from Banca Finint’s private equity team to which belonged Nicola Bordignon, Piergiorgio Fantin, Daniele Mondi, and Domenico Tonussi. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Itago 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
Star Capital reached a first 60 million euros closing ahead of a final target of 200 million (see here a previous post by BeBeez). Sources said to BeBeez that the firm expect to generate a 22% IRR for its previous fund and fetched a capital gain of 110 million out of the sale of Star New Generation (SNG). Marco Gazzaniga, Marco Baratti, Carlo Arteria, Alessandro Colombo, and Pierluigi Secco founded Star Capital in 2002. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Star 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
