Helbiz, the US company that launched the sharing electric scooter in Europe, founded by the Italian serial entrepreneur Salvatore Palella, that last February announced the business combination with Spac GreenVision Acquisition Corp (see here a previous article by BeBeez), has yesterday announced the establishment of the new Helbiz Media business unit. The latter has in turn acquired the OTT rights (i.e. the matches visible online) of the Italian soccer Serie B Championship for the next 3 seasons (2021-2022, 2022-2023 and 2023-2024) and has been chosen by Lega Serie B as the exclusive partner for the distribution and marketing of the rights of the Serie B Championship worldwide (see here a previous post by BeBeez).
Milan-listed utility A2A and private equity Ardian signed a non-binding term-sheet for a 4.5 billion euros worth partnership aimed at creating a platform for the green energy supply (see here a previous post by BeBeez). More specifically, the term sheet provides for the establishment of a newco controlled by A2A, in which A2A will confer in whole or in part the ownership of a portfolio of assets relating to energy generation (hydroelectric, CCGT, wind and solar), sale of energy, energy management, storage and projects related to hydrogen. The indicative preliminary assessment of the perimeter that will be transferred to the newco is approximately 3 billion euros (enterprise value), with an aggregate pro-forma 2020 ebitda of 360 million euros. For its part, Ardian will subscribe a capital increase in the newco of up to 1.5 billion euros in cash, coming to hold up to 45% of the capital.
Investindustrial successfully closed its public offer on Milan-listed Guala Closures as it reached a 93.7% stake in the target counting both shares brought to the tender offer and shares acquired on the market by Special Packaging Solutions Investments sarl, the veichle that had launched the offer (see here a previous post by BeBeez). On 18 May Investindustrial had launched an offer at 8.2 euros per share and 0.30 euros per warrant. On 4 June Investindustrial already owned 84% of Guala and previously said it aims to delist the business (see here a previous post by BeBeez). Investindustrial is one of the private capital investors that BeBeez Private Data monitors (find out how to subscribe for only 110 euros a month)
On 14 June, Monday, NB Renaissance will launch its public offer on Milan-listed Sicit Group as it received on 4 June, Friday the authorization from Consob, the Italian stock market authority, and the Italian Government (see here a previous post by BeBeez). The public offer could amount to 349 million euros (16 euros per share, 15.45 euros after dividends payment) and will end on 7 July, Wednesday. NB set a 95% treshold. However, Sicit is trading at 16,8 euros per share for a market capitalization of above 377 million. Sicit has sales of 63.2 million, adjusted profits of 14.6 million, an adjusted ebitda of 24.1 million, and net cash of 20.5 million.
Milan-listed tiles producer Panariagroup Industrie Ceramiche increased its market capitalization by 5.2% or 2 euros per share as Finpanaria, the holding that belongs to the Mussini family which already owns 69.301% – 75.2% of the company, extended from 7 (Monday) to 11 June (Friday) its public offer aimed at delisting the firm (See here a previous post by BeBeez). Finpanaria also increased its offer from 1.85 euros to 2 euros. Finpanaria belongs to Andrea Mussini (19.76%), Giuliano Mussini (5%), Emilio Mussini (8.68%), Paolo Mussini (7.88% ceo of Panariagroup), Giuliano Pini (1.93%), Giuseppe Mussini (8.63%), Marco Mussini (8.94%), Silvia Mussini (9.41%), Domenica Prodi (13.37%), Romano Montorsi (3.6%), and Marisa Gibellini (2.54%). Panariagroup has sales of 357.27 million euros and net losses of 5.78 million.
ION Investment Group, a global provider of technology for the financial services sector that Andrea Pignataro founded, signed the closing for the acquisition of Cedacri, an Italian provider of BPO services to banks of which FSI, whose head is Maurizio Tamagnini, owned 27.1% and a group of Italian banks the remaining stake (see here a previous post by BeBeez). Cedacri’s enterprise value amounts to 1.5 billion euros. FSI reinvested for a 9% in ION whose enterprise value amounts to 35 billion dollars, with an equity value of 27 billions, Stefania Peveraro, the Editor in Chief of BeBeez, wrote on June 5th in an article for Milano Finanza (see here a previous post by BeBeez). Since 2010, ION had invested 2 billion in R&D and generates its revenues in Usa (50%), Europe (40%) and Asia (10%). Further market rumours said that ION aims to launch a public offer on Milan-listed bank illimity, that on 3 June, Thursday, increased its market capitalization by 5.8%. However, the bank denied talks in this direction (see here a previous post by BeBeez). ION is also working on the launch of a 9.5 euros per share public offer on Milan-listed Cerved together with GIC and FSI. However, the target’s shares are trading at 9,855 euros for a market capitalization of 1.925 billion.
Italian publishing house Alpha Test, a portfolio company of White Bridge, acquired the majority of 700+ Club, an Italian startup that Lana Silanteva and Anshul Bhat founded in 2019 (see here a previous post by BeBeez). The target provides GMAT, training and tuition for the GRE, SAT, IELTS1 tests. Alpha Test aims to double its current sales of 15 million euros by 2023. White Bridge acquired from Aksìa Capital, Alberto and Renato Sironi, Massimiliano Bianchini, Paolo Colusso, and Stefano Bertocchi a 80% of Alpha in 2020.
Guala Pack, an Italian packaging company, acquired the majority of its competitor Easysnap Technology from the ceo Andrea Taglini (see here a previous post by BeBeez). Easynap has sales of 5.2 million euros with an ebitda of minus 0.262 million. In July 2019, Guala Pack issued a bond of 14 million euros that Sviluppo Export (SE), subscribed. The buyer has sales of 227.6 million with an ebitda of 3.2 million.
Carlo Salvatori, the chairman of Lazard Italia and former chairman of Unicredit, and Francesco Gianni, the name partner and founder of Italian law firm Gianni & Origoni, launched the private equity management company Red Moon (See here a previous post by BeBeez). The firm belongs to Gianni and Renato Sala (29.5% each), Massimiliano Russo (22.5%), Salvatori (16%), and Giuseppe Foti (2.5%).
Colosseum Dental Group (CDG), a Swedish chain of dentistry clinics that belongs to Swiss Jacobs Holding, acquired the majority of Italian competitor Mirò Dental Medical Center from the ceo Dietrich Gallmetzer who will keep a relevant stake (see here a previous post by BeBeez).
Seco, a leading Italian company in high technology for computer miniaturization, has signed an agreement to take over the assets of Oro Networks LLC and its subsidiaries (see here a previous article by BeBeez). Seco is owned by the Fondo Italiano Tecnologia e Crescita (FITEC), managed by Fondo Italiano d’Investimento sgr and has been listed on the Milan Stock Exchange last May 5th.
XPP Seven, an Italian platform gathering SMEs making items for luxury fashiont and beloging to Xenon Private Equity, acquired Italy’s SP Plast Creating from Samuele Benedetti and Paolo Paponi that reinvested for a minority of the buyer together with Tiziano De Marco (see here a previous post by BeBeez). XPP Seven received the support of Banco BPM, Crédit Agricole Italia, illimity Bank, and Intesa Sanpaolo. SP Plast Creating has sales of 14 million euros.
OCS, an Italian provider of IT services for the financial services sector of which Charme is a controlling shareholder, has sales of 27.2 million euros (+4% yoy ), an ebitda of 18 million and net profits 16.8 million (+396%) (see here a previous post by BeBeez). OCS aims to carry on investments for 27 million while acquired Divido, an UK fintech operating in the consumer credit sector that sells its solutions to clients like Nordea Bank, Lenovo and BNP Paribas. OCS subscribed a 30 million US Dollars capital increase of Divido that also attracted the resources of HSBC, ING, Sony Innovation Fund, SBI Investment, Global Brain, DG Daiwa Ventures, DN Capital, Dawn Capital, IQ Capital, and Amex Ventures. Charme acquired 80% of OCS in 2019.
Switzerland’s Gyrus Capital signed a carve-out deal with PwC Italia for acquiring its Transformation, Technology, Digitalization and Project Management unit for the public administration (see here a previous post by BeBeez).
Sicura, a provider of health and safety products and services for the workplaces that belongs to Argos Wityu, appointed Paolo Scaroni as chairman (see here a previous post by BeBeez). Argos WItyu acquired a controlling stake in Sicura in February 2020 on the ground of an enterprise value of 54.5 million euros from Rekeep (fka Manutencoop) who reinvested for a 6%, while the management owns 4.5%.
Bormioli Pharma, an Italian packaging company that since in 2017 Vision Capital sold to Triton Capital, acquired Italian competitor Cricef Contagocce from Andrea Melodia and Mariangela Brera (see here a previous post by BeBeez). Bormioli has sales of 250 million euros.
Alto Partners acquired 40% of Diatech, a producer of ingredients for the pharmaceutical sector (see here a previous post by BeBeez). Fabio Biondi and the other founders of the target sold part of their shares. Oliva Alberti kept his ceo role. Banca Popolare di Sondrio financed Alto Partners. Diatech has sales of 32.5 million euros with an ebitda of above 12 million.
The Carraro family extended to 18 June, Friday, its 2.55 euros per share public offer for delisting Carraro, a Milan-listed producer of components for vehicles for agriculture and construction (See here a previous post by BeBeez). The family previously launched a 2.4 euros per share public offer for a 26.76% of the company and lowered its threshold from 95% to 85%. Carraro has losses of 3.3 million euros, sales of 478.7 million and an ebitda of 32.6 million.
Investindustrial acquired 50% of Targa Telematics, an Italian provider of smart mobility and IoT solutions, sources said to BeBeez (See here a previous post by BeBeez). Adriano Scardellato, chairman, and Nicola De Mattia, ceo, will boht have a total 15% of the business. The previous shareholders and managers will own the remaining 35%. Targa Telematics has sales in the region of 37.5 million euros. Investindustrial is one of the private capital investors that BeBeez Private Data monitors (find out how to subscribe for only 110 euros a month)
Gruppo Florence, a luxury fashion firm that belongs to Vam Investments, Fondo Italiano d’Investimento and Italmobiliare acquired a controlling stake of Manifatture Cesari, an Italian competitor, from the Romolini Family which invested in the buyer (See here a previous post by BeBeez). Gruppo Florence financed the transaction with a capital increase. Gruppo Florence’s 65% belongs to Vam Investments, Fondo Italiano d’Investimento and Italmobiliare while the Giuntini, Capezzuoli, Maltinti, Ciampolini, Sanarelli, and Romolini families own 35%. Manifattura Cesari has sales of 15.1 million euros, an ebitda of 3.2 million and net cash of 2.93 million.
KPS Capital Partners acquired Siderforgerossi Group (see here a previous post by BeBeez). Siderforgerossi has sales of 202.7 million euros, an ebitda of 12.8 million and a net financial debt of 24.5 million
JPMorgan Global Alternative (part of JPMorgan Asset Management) will support the relaunch of Walcor, an Italian producer of chocolate that is in receivership since late April (See here a previous post by BeBeez). Walcor hired Brera Advisory for finding a majority investor that would help the company to generate again revenues of 60 million euros.
Windrose Holding, part of infrastructure and alternative energy group Gruppo Whysol, refinanced a portfolio of Aeolian farms and photovoltaic plants with a green loan of 135 million euros (see here a previous post by BeBeez). Intesa Sanpaolo, Banco BPM, BayernLB, ING Italia, and Unicredit provided the facility
Epipoli, an Italian fintech that provides engagement and couponing services, raised to 100% its 65% stake in Reward, a reward company (see here a previous post by BeBeez). Reward has sales in the region of 8 million euros. In May 2019, Bregal Investments acquired 30% of Epipoli which has sales of 140 million euros and aims to increase the turnover to 200 million through its organic growth and domestic and international acquisitions
Gruppo Zucchetti, a B2B IT and software company, acquired a 65% stake in Axioma (see here a previous post by BeBeez). Sources said to BeBeez that the remaining of the business belongs to Andrea Maserati (10.06%), Federico Monzani (10.06%) and Tullio Bettinazzi (9.91%). Axioma has sales in the region of 15 million euros with an ebitda margin in the region of 18%. Zucchetti has sales in the region of one billion euros with an ebitda margin of 25%.