Milan Court decided that Dubai’s real estate investor Damac Properties won the auction for acquireing Italian fashion firmRoberto Cavalli (see here a previous post by BeBeez). The outcome might be official soon. Damac belongs to Hussain Sajwani. Cavalli has debt of 105 million euros, of which 47 million are with banks. The company is now controlled by Clessidra sgr.
Aksìa Group sold packaging producer Lameplast to US peer Tekni-Plex for an enterprise value of 88 million euros and gained an Irr of above 60% (see here a previous post by BeBeez). Aksìa acquired Lameplast in April 2016. The company has sales of 25.9 million euros, an ebitda of 4.6 million, a net financial debt of 12.8 million. Tekni-Plex has revenues of 860 million and belongs to private equity Genstar Capital.
French Orca Developpement, a portfolio company of Paris-listed private equity IDI, acquired Italy’s G. Angeloni, Industria Tessuti Tecnici (ITT), Dynanotex, and Impregnatex Compositi and merged all in the new Gruppo Angeloni, a producer of composite materials (see here a previous post by BeBeez). The new group will generate sales of above 120 million euros and an ebitda in the region of 30 million. Sources said that the transaction value is of 60 million, or 10x the ebitda fo the four companies, that had cumulative sales of 30 million.
PAI Partners acquired Spain’s Areas, a food&beverage and travel retail company from Gruppo Elior for an enterprise value of 1.542 billion euros (see here a previous post by BeBeez). Areas owns the Italian brand MyChef.
Continental acquired Merlett Tecnoplastic from the Tamborini Family (see here a previous post by BeBeez). Merlett produces PVC plastic pipes and generates abroado more than 70% of its 80 million euros sales.
Investindustrial made an offer for 3% of UK listed iconic automotive company Aston Martin (see here a previous post byBeBeez). The fund is willing to pay 10 British Pounds per share. Aston Martin listed on the London Stock Exchange in October 2018 at 19 Pounds per share. Aston Martin has sales of 1.097 billion (876 million yoy), an adjusted ebitda of 247 million (207 million), and a net financial debt of 560 million (673 million).
Gruppo Colussi, the Italian food company, acquired from Alto Partners 80% of chocolate producer La Suissa of which the Piella Family has 20% (see here a previous post by BeBeez). La Suissa generates abroad 35% of its sales worth in the region of 17 million.
Hig Capital acquired from the Strazzari and Cerutti families the majority of Metalprint, a producer of industrial comoponents (see here a previous post by BeBeez). UBI Banca, MPS Capital Services, Mediocredito Italiano, Banca IFIS, and Illimity Bank financed the transaction. Metalprint has sales in the region of 90 million euros, an ebitda in the region of 12 million, and a net debt of 18.2 million. Raffaele Legnani, managing director of Hig Capital in Italy, said that the fund aims to boost the company’s international growth.
KIRKBI (the investment holding of the Kristiansen Family, owner of 75% of toys maker Lego), Blackstone and Canadian Pension Plan Investment Board (CPPIB) made a public offer on London-listed theme parks company Merlin Group who owns Madame Tussaud Museum and Gardaland (see here a previous post by BeBeez). According to the bidders, Merlin’s enterprise value is of 5.905 billion of British Pounds or 12x ebitda that for 2018 is of 494 million, while turnover is worth 1.65 billion and net financial debt is 2.4X ebitda.
Finanziaria Trentina and Alpenring acquired 80% of Marangoni Meccanica from the eponymous family that will keep a 20% of the business (see here a previous post by BeBeez). Buyers subscribed a 10 million euros capital increase and took a 40% stake each. Marangoni has sales of 19 million and losses of 10 million.
Mittel acquired 90% of Galassia Group and 80% of Disegno Ceramica, two Italian ceramic producers (see here a previous post by BeBeez). Ceo Dimitri Mei sold a stake in Galassia and kept 10%, while ceo Marco Carebelli sold part of his holding in Disegno and retained 20%. Mittel invested 11.4 million euros for the acquisitions of the two companies that will integrate with Ceramica Cielo. Galassia has sales of 25 million and exports 40% of its turnover. Disegno generates abroad 50% of its revenues of 12 million
Industry 4.0 Fund, a fund of Quadrivio Group, acquired the majority of F&De Group, an Italian provider of catering services for hotels (see here a previous post by BeBeez). Founder Marcello Forti will hold his role of company’s chairman while shareholder Ermes Fornasier sold his interest in the business. Roberto Imperatrice, previously ceo of Sebeto Holding (the owner of restaurants chain Rossopomodoro) will be the the ceo of F&DE. Banco Bpm financed the transaction. F&De Group has sales of 70 million euros and a 10% ebitda margin.
Italian toys distributor Giochi Preziosi acquired Spanish peer Famosa Toys (see here a previous post by BeBeez) In 2010, private equity firm Sun Capital Partners acquired Famosa, who has sales in the region of 200 million euros, an ebitda of around 20 million, and an enterprise value of 150-200 million. Giochi Preziosi has revenues of 500 million and an ebitda of 63 million. The company is reportedly considering the launch of an ipo.
Investindustrial Growth acquired 70% of pharma business Farmaceutici Procemsa from the Sertorio that will hold a 30% stake (see here a previous post by BeBeez). Ceo Alessandro Sertorio and cfo Filippo Sertorio will keep their roles. Procemsa has sales of above 30 million euros and an ebitda of 7 million. Investindustrial is one of the investors that BeBeez Private Data monitors. Find out here how to subscribe to the Combo Version that includes the reports and the insight views of BeBeez News Premium 12 months for 110 euros per month.
Swiss investment holding Halley Holding acquired 69.23% of Italian minor football team Campobasso Calcio (see here a previous post by BeBeez). The fund acquired the stakes of CB Partecipazioni (55%) and Raffaele Mario De Francesco(14.23%), while Nicola Circelli (30%) and Associazione Noi siamo il Campobasso (0.77%) kept their interest in the team.
Italian Strategy, a private equity fund of Riello Investimenti, acquired 73% of Foodness, a vendor of food to HoReCa, Vending, and big distribution clients (see here a previous post by BeBeez). The remaining stake in the company will belong to founders Paolo Fermi, Franco Lusetti, Alberto Andrei (who will keep their management roles), Mario Muttoni, Roberto Venturi degli Esposti, Giovanni Bertini, Arabella Caporello, and a club deal of investors that Pigreco Corporate Finance grouped. FoodNess has sales of 19.1 million euros, an ebitda of 3.1 million, and a net financial debt of 6 million. Nicola Riello, Luigi Terranova, and Andrea Tomaschù launched Italian strategy. The fund has a fundraising target of 150 million with an investment focus on the sectors of automation and 3 Fs, food, fashion & furniture.
Innovery, an Italian ICT company with a focus on cybersecuity that belongs to Wisequity, acquired Italian system integrator Proxy (see here a previous post by BeBeez). Gianvittorio Abate and Rosario Libraro will keep their management roles in the target company. Paolo Gambarini and Marco Mancuso, senior partner and investment manager of Wise, said that Innovery will pursue further acquisitions. The company has sales of 27 million, an ebitda of 4.4 million, and net debt of 0.385 million. Wise Equity is one of the investors that BeBeez Private Data monitors. Find out here how to subscribe to the Combo Version that includes the reports and the insight views of BeBeez News Premium 12 months for 110 euros per month.
Vetrerie Riunite, an Italian producer of glass components for washing machines, attracted offers of Vam Investments,Opengate Capital, and Abbeydale Partners (see here a previous post by BeBeez). Alantra is handling the sale process on the ground of an enterprise value of 100 million euro, that is the same as Vetrerie’s turnover. In 2008, Opera acquired 52% of the company together with Dgpa (24%) from Finanziaria Del Vetro who reinvested with the firms for a 24%. Vetrerie has an ebitda of 14.3 million and net profits of 7.1 million, while net financial debts are of 60.6 million.
Assietta Private Equity and Paolo Colonna acquired an undisclosed majority stake in SARG, an Italian producer of industrial machinery (see here a previous post by BeBeez). Alessandro Villa, Gaspare Lombardo, and Raffaele Ferrara, the target’s founders retained a minority after having reinvested in the business. Unicredit financed the transaction. SARG has sales in the region of 13 million euros, a 24% ebitda margin or 3.1 million. The company aims to carry on acquisitions.Assietta Private Equity is one of the investors that BeBeez Private Data monitors. Find out here how to subscribe to theCombo Version that includes the reports and the insight views of BeBeez News Premium 12 months for 110 euros per month.
The Trevisani family, the controlling shareholder (32.7%) of Milan listed oil&gas and engineering company Trevi Finanziaria, asked to call off the board of directors of the company (see here a previous post by BeBeez). The family requires the change of the conversion of debt in equity and does not want to dilute further its stake in the company after the reported capital increase of 440 million euros. Forlì Court accepted the receivership application of Trevi Finanziaria.However, the court asked the company to achieve a debt restructuring agreement.