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Milan-listed gaming giant Lottomatica Group is going to acquire Madrid-listed competitor CIRSA Enterprises through a shares-swap deal on the ground of a 2.8 billion euros equity value and an EV in the region of 4.9 billion of the target (post-IFRS 16 810 million euros or the mid-point of the 800-820 million guidance range) (see here a previous post by BeBeez). The merged entity might be the world’s second-largest listed operator in the gaming and sports betting sectors with a 2 billion pro-forma adjusted ebitda. After the closing that may take place in 2Q27, the current Lottomatica shareholders will own 67.5% of the new company while NYSE-listed Blackstone which now owns 74.23% of CIRSA will become the largest single shareholder in the new gaming firm, with a stake of around 24%. In June 2025, NYSE-listed Apollo Global Management sold its21.3% of Milan-listed Lottomatica in private placement through an accelerated bookbuilding procedure for institutional investors. Apollo fetched 1.205 billion euros out of this transaction. The fund cashed in 1.739 billion with the previous sales of shares for a total of 2.94 billion. Lottomatica appointed Evercore, PJT Partners, Deutsche Bank, and Mediobanca as financial advisors while Latham & Watkins, Paul Weiss Rifkind Wharton & Garrison and Cintioli & Associati provided legal assistance. CIRSA retained Lazard, Uría Menéndez, Simpson Thacher & Bartlett, Garrigues, and Legance. Barclays advised Blackstone.
Generali Real Estate aims to acquire 20% of REAM, a firm that manages assets of 1.5 billion euros (see here a previous post by BeBeez). REAM appointed Gloria Brocchi as coo for replacing Oronzo Perrini while Maria Cristina Zoppo acts as chairwoman, REAM belongs to Fondazione Compagnia di San Paolo (14.64%), Fondazione CRT (24.17%), Fondazione Cassa di Risparmio di Asti (24.17%), e successivamente alle Fondazione di Cuneo (7.54%), Fondazione di Vercelli (7.54%), Enpam (10%), Fondazione di Alessandria (3.97%), Fondazione di Fossano (3.97%), Fondazione Sviluppo e Crescita CRT (1%), Fondazione Carispezia (1%), Fondazione CR Savigliano (1%), and Fondazione Agostino De Mari (1%).
French Groupe RG, a portfolio company of Ardian and Latour Capital, is close to acquiring Kapriol brand owner Morganti from the eponymous family, said a report of the Italian antitrust authority (see here a previous post by BeBeez). The target previously belonged to Sandro Morganti (31.32% – chairman), Franco Morganti (22.5% – ceo), Alberto Morganti (22.5%), and Elleffe (23.68%). BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Ardian, Latour 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
NYSE-listed Italian packaging player Stevanato Group sold its California’s asset Balda C. Brewer to Craftech Holdco, a portfolio company of Sage Park for 6.724 million US Dollars (5.9 million euros) (see here a previous post by BeBeez). PMCF Investment Banking, part of Plante Moran, and Cozen O’Connor assisted Stevanato Group. Chintan Meher is a managing director M&A of Sage Park. Franco Stevanato is the executive chairman of the vendor.
Aksìa Capital, a firm that Marco Rayneri heads, acquired Amare Group through MHI Group (see here a previous post by BeBeez). Michele Benvenuto Preziuso, the ceo and former 75% owner of Amare Group will reinvest in the company while Nicola Colaneri and Luigi Girolamodibari carried on an exit. The buyer retained Minerva Corporate Finance, EY Parthenon, Giovannelli e Associati, Giliberti Triscornia e Associati, and ERM. Amare Group received assistance from Sutich Barbieri Sutich and Bagni Fiorcari Huller & Associati. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Aksia 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
Oakley Capital acquired the majority of Galgano ahead of implementing a buy & build strategy and consolidating the Italian insurance services sector through Tiger HoldCo, a firm that ceo Enrico Vanin heads (see here a previous post by BeBeez). BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Oakley 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
ADD Capital, a private equity real asset that Mario Abbadessa founded, attracted commitments of 600 million euros Mubadala for total resources of 2.3 billion for Italian Living Fund and European Value-Add Fund (see here a previous post by BeBeez). ADD also attracted 425 million from Cassa Depositi e Prestiti, Kuwait Investment Authority (KIA) and Previndai. Francesca Orlandini, partner, is the cfo and coo of ADD while Cristiano Brambilla is the chief construction officer and Francesco Dini the chairman.
Impresoft, a portfolio company of Clessidra Private Equity, Anima Alternative and Italmobiliare that ceo Alessandro Geraldi heads, signed a preliminarey agreement for the sale of 4Ward to Lodestar, a Renaissance Partners’ digital transformation platform on Microsoft ecosystem for which Fabio Luinetti acts as ceo (see here a previous post by BeBeez). Ardian Credit and Partners Group will finance the transaction. Daniele Grandini is the ceo of 4ward. Impresoft retained Rothschild & Co, LCA, PwC, and Alonzo-Committeri & Partners. Lodestar received assistance from Nomura, Gatti Pavesi Bianchi Ludovici, New Deal Advisors, Chiaravalli Reali e Associati, and Vitale. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Clessidra, Renaissance 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
Green Arrow Capital, an alternative investments firm with assets under management worth 8 billion euros, signed a binding agreement for the sale of Gruppo Turatti, a portfolio company of Taste of Italy and Entangled Capital, to US Grote Company Family of Brands which belongs to the eponymous family (see here a previous post by BeBeez). Scouting Capital Advisors, KPMG, GEA, and Giovannelli e Associati Studio Legale assisted the vendors. Enrico Gribaudo is Turatti’s ceo. Pierluca Antolini is a senior advisor of Taste of Italy. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Green Arrow Capital, Taste of Italy, Entangled 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
Mindful Capital Partners (MCP), Berrier Capital, Marsupium, and Annalisa Azzolini sold Sidam to Belgium’s Plastiflex Group, a portfolio company of IK Partners (see here a previous post by BeBeez). The vendors retained Lincoln International, LMCR, LS Laghi & Partners, Deloitte, and Alira Health while A&O Shearman assisted Plastifex. In 2020, MCP acquired 68% of Sidam from Synopo, a company that belongs to Marsupium, Azzolini and Berrier Capital (50%), a fund that Alberto Craici leads. Alberto Camaggi is a partner of Mindful Capital Partners. Piet Gruwez is the ceo of Plastiflex Group. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Mindful Capital, Berrrier 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
Socopet and Pezzutti Group, a Friulia’s portfolio asset, created Socopet Group (see here a previous post by BeBeez). Socopet retained Gealex and Baracco Fornasiero while Pezzutti received assistance from Mint Solutions. Socopet Group is a newco with 4 million euros capital of which Socopet has 25% and Pezzutti 75%. Andrea Petrini and Marco Petrini (ceo) have 60.5% of Socopet. Pezzutti belongs to Emanuele Bassetto, Ezio Chies, Luca Boatto, and Fabio Da Re. Sources said to BeBeez that by the end of 2026 the company will carry on an acquisition. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Friulia 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
Compagnia del Gusto Holding (Cdgh), a firm of the Cosulich Family, acquired Winelivery, a phygital platform for the sale and delivery of wine and drinks (see here a previous post by BeBeez). Winelivery will join the Compagnia delle Vigne unit, but the buyer’s aim is to use the company’s technology, data and digital expertise across the entire group. Ettore Nicoletto is the ceo of Compagnia del Gusto Holding.
Alfaparf Milano acquired Brazilian’s Cosmo Indústria e Comércio de Cosméticos from Luis Rodolfo Matarazzo, Ricardo Jalil Zalaquett, Eduardo Attie, Ricardo Aparecido Lopes, and Lilian Fernanda Benvegnu (see here a previous post by BeBeez). Roberto Franchina is the chairman and founder of Alfaparf Milano.
Alfasigma signed an agreement for acquiring Nordic Group from SEVER Life Sciences ahead of a closing in 4Q26. Herbert Smith Freehills Kramer, KPMG and Chiomenti assisted the buyer for which Michele Cera acts as chief legal affairs & compliance officer and Francesco Balestrieri as ceo. Sean Davis is the ceo of SEVER Life Sciences that retained Jefferies International, HSF Kramer and Loyens & Loeff. Charlotte Phelps is the ceo of Nordic Group.(see here a previous post by BeBeez)
Tages, Edizione and 21 Invest completed the closing of 21 Next which received the regulatory authorizations from the European Commission, the Italian antitrust, Banca d’Italia, and French Autorité des marchés financiers francese (see here a previous post by BeBeez). Edizione will have 55% 21 Next while 45% will belong to Alessandro Benetton, 21 Invest, Panfilo Tarantelli, Umberto Quadrino, Sergio Ascolani, and Tages. Benetton and Tarantelli will be the chairman and ceo of 21 Next which has 3 billion euros of assets under management, more than 100 workers, and offices in Milan, Treviso and Paris for investing in Italy, France, Spain, and the BeNeLux. Daniele Spada, the former coo of Tages Capital and current executive board member and coo of 21 Next, previously said to BeBeez that the merger also stemmed from the need to achieve sufficient scale to compete for funds from major international institutional investors, starting with assets under management of around 3 billion and aiming for 10 billion. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Tages Group, 21 Invest 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
Officine Maccaferri, a portfolio company of Ambienta, acquired Ovattificio Alpino from the Trento Family (see here a previous post by BeBeez). Maccaferri and Ambienta received assistance from Clifford Chance, KPMG, Ramboll, Health & Safety, and Carmignac. Ovattificio Alpino retained Nash Advisory and Studio Legale Sutich Barbieri Sutich. Andrea Venturini is a Private Equity Partner of Ambienta. Stefano Susani is the ceo of Officine Maccaferri. Alberto Trento is the ceo of Ovattificio Alpino. 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
