The Italian Ministry for business and Made in Italy, Vivendi and Cassa Depositi e Prestiti (CDP), Milan TIM’s main shareholders, are holding talks for finding a market-friendly solution for the Italian TMT company (see here a previous post by BeBeez). TIM could is attracting the interest of some private equity funds and Global Infrastructure Partners is said it could table a bid with CDP and KKR Infrastructure.
The public offer of Engineering – Ingegneria Informatica on Milan-listed Be Shaping the Future ended on 16 December, Friday (see here a previous post by BeBeez). Engineering, which is a Bain Capital, NB Renaissance and NB Aurora portfolio company, has currently 91.591% of the target paid at 3,45 euros per share for an equity value of 441 million euros and an enterprise value of 483 million.
The sale of Italian football team Sampdoria is becoming difficult, sources said to BeBeez (see here a previous post by BeBeez). The current owners might call a shareholders meeting for 5 January 2023 for launching a capital increase and assessing different options. Merlyn Partners reportedly tabled a binding offer for a total of 50 million euros if the company’s equity is zero but the former chairman Massimo Ferrrero doesn’t like it and aims to raise funds from other sources.
Italian renewable energy company CVA signed a preliminary contract for the acquisition of Sistemi Rinnovabili from Pioneer Point Partners and DavidsonKempner European Partners (see here a previous post by BeBeez). The transaction value amounted to 340 million euros.
UnipolSai acquired 80% of Centro Medico Santagostino (CMS), an Italian network of private healthcare outpatient clinics passa interamente a from L-GAM (see here a previous post by BeBeez). The target’s managers will keep the remaining stake. CMS value amounts to 150 million euros.
Gruppo Named, an Italian producer of food integrators, cosmetics and medical devices, acquired New Penta from a club deal of private investors led by Orienta Capital Partners (see here a previous post by BeBeez). Guido Dracone will keep his ceo role for the target of which Orienta Capital Partners acquired 70% in May 2021 sources said to BeBeez. The vendors reinvested for a minority of New Penta that has sales of 12.5 million euros, an ebitda of 0.77 million, net financial debt of 2.1 million and cash of 2.3 million.
Entangled Capital acquired 70% of Airpower, a producer of industrial machinery for the ceramics sector (see here a previous post by BeBeez ). Banco BPM provided the buyers with acquisition financing facilities. Giuliano Compagni, Adelmo Ivano Giglioli and Stefano Fiorini kept a 30% of Airpower which has sales of 22 million euros, an ebitda in the region of 4.2 million and net cash of 8.7 million.
Polo del Gusto, a subholding of gruppo Illy, attracted a 3 million euros investment from Simest for financing the investment plan of its UK subsidiary Domori, a producer of chocolate (see here a previous post by BeBeez ). Simest’s Venture Capital fund will allow Domori to boost its commercial development in UK through Prestat Group.
Andera Partners appointed Maurizio Bottinelli as senior advisor for its Milan bureau (see here a previous post by BeBeez). Bottinelli, previously worked for Investindustrial, Clessidra and Apax Partners.
Ambienta sgr promoted its cfo Daniele Gatti and Matt Norrington as partners, Konstantin Leu, based in Munich bureau, as principal (see here a previous post by BeBeez). Saverio Zefelippo and Alessio Vian became managers, Luca Zerba Pagella associate. Ambienta promoted Timothée Héron (Paris) and Andrea Florio (Milan) as investment managers. Flavia Cambiaso (Milan) became associate. Francesco Cavallo is now a senior investment analyst and deputy Pm on Emc (Environmental Mid-Cap), while Oliver Wegener is a senior trader.
Tages Capital sgr, an asset manager specializing in investments in renewable energy infrastructure and real assets, strengthens its governance and investment team with three new senior professionals as it develops its latest projects (see here a previous post by BeBeez). First is the new fund, christened Tages Helios Net Zero, announced last September and with a total fundraising target of 750 million euro, which, unlike the previous funds focused on renewable energy, Tages Helios and Tages Helios II, will also develop green field projects, so it will not only acquire plants that are already operational and connected to the grid. While the second project is the private debt fund, the establishment of which has been initiated in October 2021.
Milan-listed Azimut’s Turkish subsidiary Azimut Portföy Yönetimi said it will invest in private equity asset manager Lycian Capital Partners, a lower-mid market firm that partners Gökhan Arıkoç, Gökçe Manav, Gökhan Kademlioğlu, and Pınar Özbozdoğanlı head (see here a previous post by BeBeez ).
