WindTre reopened talks with EQT for selling the majority of its infrastructure network (see here a previous post by BeBeez). WindTre has sales of 4.5 billion euros and an ebitda of 2.09 billion.
Atlantia, the infrastructure holding that belongs to the Benetton Family, rebranded as Mundys (see here a previous post by BeBeez). The firm aims to appoint a new ceo for replacing Carlo Bertazzo who resigned and to invest investirà 10-11 billion euros in the next five years in the infrastructure sector. See here the list of Mundys shareholders.
EcoEridania, an Italian waste management company that belongs to Icon Infrastructure Partners (75%), acquired 60% of Italian competitor Smoco (see here a previous post by BeBeez). Fin Save (previous 60% owner) and Gruppo Finsea (40%) sold part of their stakes to EcoEridania which retained as advisors PwC, E&Y, ERM Italia, SCP Studio Legale, Studio Gelegal, and Green Horse Legal Advisory. The vendors hired Deloitte, TFC, and EMC. Smoco has sales of 13.2 million euros, an ebitda of 1.6 million and net debt of 0.24 million.
BC Partners is mulling for a one billion euros worth sale of Italian food company FDA Group, the owner of Forno d’Asolo and Bindi (see here a previous post by BeBeez). The firm has sales of 278 million, an ebitda of 38 million and a net financial debt of 342 million. BC Partners acquried Forno d’Asolo in 2018 on the ground of an enterprise value of 300 million and an expected ebitda atteso of 25 million (12X). Italian private equity funds 21 Investimenti (56%), Finint & Partners, Quadrivio (currently part of Green Arrow Capital), and the Gallina Family sold the asset. However, 21 Investimenti and Alessandro Angelon reinvested for a minority. BC Partners is also considering the sale of its 45% in IMA, an Italian producer of machinery for the packaging sector that belongs to the Vacchi Family (see here a previous post by BeBeez). The fund acquired such a stake in 2021 and invested 746 million euros for delisting the company from Milan market. The asset could attract the interest of Bain Capital, EQT and Advent. IMA has revenues of 1.7 billion, an ebitda of 272 million and a net financial debt of 1.1 billion.
Taste of Italy, a private equity vehicle of DeA Capital Alternative Funds, hired Gp Bullhound and Gianni Origoni for selling the majority of Abaco, a publisher of software for controlling land resources, that acquired in 2019 (see here a previous post by BeBeez). The asset attracted the interest of Nextalia and other private equity funds. Abaco has sales of 14 million euros, and an ebitda of 2.4 million.
Alcedo is holding talks with Montefiore Investment for the sale of a 55% of Exa Group, a general contractor (see here a previous post by BeBeez). The target has sales of 125.5 million euros, an ebitda of 4.5 million and a net debt of 4.2 million. Alcedo acquired 55% of Exa Group in 2016 for 11 million. The founders Giuseppe Polvani, Gianrico Specchio and Paolo Pratesi kept 15% each.
Holding industriale (Hind) acquired the majority of Italian luxury fabric producer Beste (see here a previous post by BeBeez). Hind retained as advisors Gianni & Origoni, EY and Bertacco Recla & Partners. Beste appointed as advisors Iniziativa Cube, Nunziante Magrone and Tempestini & Associati. The target belonged to Giovanni Santi (60.75%), Santi Re srl (22.39%), Anhui Huamao Textiles (10.07%), and ceo Matteo Santi (6.79%). The Santi Family will keep an operative role. Beste has sales of 48 million euros.
In 2022, Milan-listed holding Tamburi Investment Partners (TIP) generated profits of 139 million euros (see here a previous post by BeBeez). In 2019, TIP’s profit amounted to 127.9 million.
Nice Footwear, an Italian sneakers producer, completed its delisting from Milan market and sold a 51% to Palladio Holding (see here a previous post by BeBeez). Bruno Conterno, the company’s founder, owns 49% of the business. Nice Footwear has sales of 31.6 million euros and an ebitda di 2.8 million.
PE Industrial, an Italian search fund that Paolo Baretta and Enrico Gianotti launched, acquired 80% of Italian bycicles producer Fratelli Masciaghi and signed a two-year call put option for the asset’s 20% (see here a previous post by BeBeez). The company aims to grow in Germanya and Spain and in the field of e-bycicles. Fratelli Masciaghi retained RP Legal & Tax and SHC Advisor. PE Industrial hired Norton Rose Fullbright. Banco BPM financed the transaction and appointed Studio CBA. Fratelli Masciaghi has sales in the region of 20 million euros, an ebitda of 2.7 million and net cash of 1 million.
Sources said to BeBeez that one of the shareholders of Nurith, an Italian producer of PVC windows, hired Cavour Corporate Finance for selling up to 30% of the company (see here a previous post by BeBeez). Nurith currently belongs to Vincenzo Bitetti (33.33%), Francesco Zancarini (33.33%), Maria Di Chio (11.11%), Cristina Pignalosa (11.11%), and Danila Pignalosa (11.11%). The sources said that in 2022 the firm generated sales of 45 million euros with an ebitda of 12 million with cash of 4 million.