The Italian Government would sell Ita Airways to a trade buyer like Lufthansa (See here a previous post by BeBeez). The german airline should table an expression of interest ahead of signing a memorandum of understanding with the Italian Government. Ita is of reported interest to Lufthansa-MSC and Certares – Air France-KLM – Delta Airlines.
On 4 January, Wednesday, Milan-listed TIM’s shares closed at 0,2314 euros per share (+3.77%) as according to market rumours Cassa Depositi e Prestiti and Macquarie could table a non-binding bid for Netco, the landline infrastructure network, on 20 January, Friday (See here a previous post by BeBeez). The offer could be in the region of 18 billion euros.
ION Investments, a global financial services firm that Andrea Pignataro founded, is keen on Prelios, a real estate investor with aum of 40 billion euros (See here a previous post by BeBeez). ION is holding talks with JPMorgan and other banks for receiving financial support. Since May 2018, Prelios belongs to Davidson Kempner Capital Management (DK) which retained Goldman Sachs as advisor for selling the business for 1.4 billion euros. However, Pignataro is willing to pay 750 million. DK could sell Prelios for one billion. The target reportedly attracted the interest of Kryalos, doValue, Dea Capital, Intrum, Tinexta, and Banca Progetto.
Sampdoria could carry on a capital increase by 2 February, Thursday (See here a previous post by BeBeez). Massimo Ferrero, the former chairman of the team, is reportedly working on raising resources for a recap. The team also attracted the interest of Merlyn Partners that retained Lazard as advisor. Sources said to BeBeez that Ferrero is holding talks with Banca Sistema for renew factoring facilities.
Egger, an Austrian producer of wood components that belongs to Michael and Fritz Egger, acquired 60% of Italian competitor Saib (Società Agglomerati Industriali Bosi) from the Rinaldi-Conti Family (See here a previous post by BeBeez). Egger could raise its stake. Saib has sales of 141 million euros, an ebitda of 15.1 million and a net financial debt of 50.5 million.
Paglieri, an Italian manufacturer of personal and home care products, said it paid 10 million euros for acquiring Agopag, a packaging producer (See here a previous post by BeBeez). Massimo Dogliolo (40%), Luca Repetti (20%), Vilmo Repetti (20%), Giancarlo Agostini (10%), Andrea Agostini (5%), and Paola Agostini (5%) sold the asset. Paglieri retained as advisors Delfino e Associati Willkie Farr & Gallagher (legal) and KPMG. Agopag hired Studio Zaio, Maino, Caselli and Studio Piccinini. Agopag has revenues of 11.2 million euros, an ebitda of 1.7 million and a net financial debt of one million.
Milan-listed BF sold further stakes of Italian agricoltural company Bonifiche Ferraresi and fetched 34.2 million euros with a capital gain of 11.4 million (See here a previous post by BeBeez). BF sold a 5% to ENI Natural Energies for 20 million; a 3% to CVA for 12 million and a 0.5% to Fondazione Banca del Monte di Lombardia for 2.2 million.
Unidata, a Milan-listed TMT, and Azimut Libera Impresa’s Fondo IPC, a vehicle for investing in social infrastructures, signed a binding agreement for building a system of submarine optic fibers in the Tirrenium sea (See here a previous post by BeBeez). The firms carried on the transaction through HoldCo, of which Fondo IPC has 66.67% and Unidata 33.33%. The investment is worth 80 million euros (36 million in equity and 44 million).
Axpo Italia and Canarbino acquired a controlling stake of an unit of Metan Alpi Sestriere, through the jv Energia Pulita (See here a previous post by BeBeez). The target provides utility services in the North of Italy. Metan Alpi Sestriere has sales of 6.2 million euros, an ebitda of minus 35,000 euros and 1.9 million of net cash, while equity amounts to 40.5 million. The target belongs to Andrea Chiaves (60%), Anna Angiola Chiaves (20%) and Claudio Chiaves (20%).
HIG Capital signed an agreement for acquiring a controlling stake for luxury cosmetics producer LL Pinalli Investment, the owner of the brands Pinalli, Retail Evolution, HQ Solution, and PEB (See here a previous post by BeBeez). The Italian antitrust authority will deliberate by 9 January, Monday, for such an acquisition. LL Pinalli Investment also has interests in Quadrifoglio (20%), Pinalli Beauty Experience (40%), Pinalli & Benessere (40%), GI.LE.MA. (30%), and Pinalli Natural Touch (4%). The holding has sales of 100 million euros, an ebitda of 11.7 million and net cash of 4.8 million.
