Download here the 2025 BeBeez Private Debt Report available for the subscribers to BeBeez News Premium and BeBeez Private Data.
Save the date!
We look forward to meeting you on 1 December, Tuesday,
at Milan’s Palazzo Mezzanotte, for the BeBeez Private Capital Summit 2026
Where Italy Meets Alternative Capital.
Professionals working for private capital funds, institutional investors, financial avisors, business lawyers, entrepreneurs, and managers
will highlight the Italian market evolution.
The event will articulate in two complementary parts:
☀️ The State of Private Markets 2026
🌙 Private Capital Gala
Click here for information about sponsorship and speaking opportunities or write to info@edibeez.it.
Gold Sponsors: Cherry Bank, Spada Partners;
Silver Sponsors: Banca Valsabbina, EOS IM, Scouting – Capital & Family Advisors;
Bronze Sponsors: FG2 Capital, Duke&Kay
Special Sponsor: BeBeez Private Equity Backed Managers Awards; Di Luccia & Partners
Download the BeBeez Magazine special issue of December 2025 for the reports about BeBeez Private Capital Summit 2025
Sign up here for the newsletter of BeBeez Headlines News and get in your Inbox a daily podcast that summarizes BeBeez News.
CVC Capital Partners and Groupe Bruxelles Lambert (GBL) raised 9.93% of Milan-listed Recordati and will take private the company on the ground of an equity value of above 11 billion euros or 53 euros per share (see here a previous post by BeBeez). UK activist investor Palliser Capital reportedly said that the fair bid would have been of 60 euros per share. Latham & Watkins assisted CVC and GBL that will finance the bid with senior secured high yield bonds of 6.05 billion and PIK toggle items worth 1.53 billion. White & Case advised the banks and the private credit funds. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors CVC 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
On 6 November, Friday, Banca CF+, a portfolio company of Elliott Investment Management that recently merged with Milan-listed Banca Sistema, signed an agreement for acquiring VAT credits worth up to one billion euros in the next three years from an undisclosed an international technology infrastructure operator, currently undertaking an investment programme in Italy (see here a previous post by BeBeez). Iacopo De Francisco is the ceo of Banca CF+ and Banca Sistema. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Elliott Investment Management and its assets. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
Shanghai – listed Jinko Power (HK) Company Limited attracted financing facilities of 50 million euros from Sumitomo Mitsui Banking Corporation (SMBC) and Intesa Sanpaolo with the warranty of SACE (see here a previous post by BeBeez). The company will invest such resources in the development of renewable energy plants in Italy.
On 9 November, Monday, GSquare Healthcare Private Equity launched a take private offer at 11,87 euros per share with an eventual earn-out of 0,82 euros on Milan-listed Valtecne (see here a previous post by BeBeez). The deadline for tendering is on 27 November, Friday, while the payment will take place on 4 December, Friday. On 9 September, Wednesday, GSquare purchased 81.84% of Valtecne from Paolo Mainetti and Vittorio Mainetti for 59.32 million euros on the ground of equity value of 72.5 million and an enterprise value of 79.9 million. The vendors reinvested 22.2 million in the deal while Luigi Ferrari, Valtecne’s senior advisor, poured 1.8 million. Sources previously said to BeBeez that the buyers will finance the transaction with a senior bond of 15 million maturing on 9 September 2033 that Muzinich subscribed. The issuance pays 5.50% on top of the Euribor rate and may change within the range of 5%-6.25% and pledges over the shareholdings within the chain of control and over Valtecne shares secure it. The financing also provides for compliance with leverage ratios and mandatory early repayment clauses linked to the failure to complete the merger transactions following the buyout within the stipulated timeframes. GS and its backers may also use a potential shareholder loan of up to 13.2 million with a 7.5% – 8.5% interest rate to finance the takeover bid for the remaining stocks. BPER Banca guarantees the full fulfilment of the offer, whilst Equita coordinates the collection of acceptances. Delisting may take place once the buyers raised 90% per cent of the share capital.
Yeldo, a Swiss real estate credit provider, will support the requalification of Genoa’s 2100 sqms Le Palm Hotel with 1.8 million euros in preferential equity that has priority over both the capital invested and the return (see here a previous post by BeBeez). Nima Immobiliare is the hotel’s owner and project sponsor. The facility’s financial structure provides for a 13% expected IRR and an estimated ROI of 44.3% over a 36-month time tenure. The investors may pay tickets of at least 0.1 million and will receive their returns before the Nima. Lorenzo Belloni is the Chief Investment Officer of Yeldo for which Antonio Borgonovo acts as ceo.
