Italy
Average holding period stays high as quick exits lag
Lower proportion of deals are being exited within three years, and more after seven years
Centurion Private Equity backs Abbassalebollette
Sponsor is deploying capital from its Centurion Private Equity Opportunities fund
Xenon's Tecnopool bolts on Logiudice Forni, Mimac Italia
Deals are part of the GP's strategy to create a pool of companies specialising in the bakery sector
Innogest leads €1.5m round for MioAssicuratore
Italian venture fund and previous backer Pi Campus also takes part in the investment
NB Aurora acquires minority stake in Club del Sole
Pool of Italian family offices also takes part in the deal and acquires a minority stake
Ardian acquires majority stake in Neopharmed Gentili
Mediolanum Farmaceutici will retain a minority stake, and Alessandro Del Bono will be appointed CEO
Xenon buys Emmeti, Sipac, Mectra, Logik to create EMS Group
Following the acquisition, the four companies will be merged in a new entity called EMS Group
United Ventures invests €2m in Exein
VC house is currently investing via its United Ventures II fund, which held a first close on €75m
Investindustrial in exclusivity for Italcanditi
Italcanditi is controlled by the Goffi family, who founded the company in Pedrengo in 1963
Italy’s battle with EU raises risks for private equity
Stand-off surrounding Italy's draft 2019 budget threatens to derail recent progress in the country's PE landscape
IGI holds €100m first close for sixth fund
Fund was launched with a €150m target and is larger than its predecessor, IGI Investimenti Cinque
Green Arrow holds €136.2m final close for private debt fund
Fund inherited the portfolio of Quadrivio Private Debt after the GP was acquired by Green Arrow
MIP leads €5m round for Miscusi
Restaurant chain will scale up its team and further expand in northern Italy
Alchimia's uFirst buys LVenture-backed Qurami
LVenture will sell its stake in Qurami for both cash and a stake in the acquiring company
Ambienta buys AromataGroup
Current management team will continue to lead the firm and retain a minority holding
Italglobal Partners acquires Gimel
GP led a club of investors to acquire a 70% stake in the Italian children's clothing manufacturer
United Ventures' Moneyfarm buys Vaamo Finanz
Following the deal, Vaamo co-CEOs Thomas Bloch and Oliver Vins will join Moneyfarm's executive board
Neuberger Berman, NB Aurora exit General Medical Merate
NB's stake was acquired by the Sordi family and Kangda Medical Equipment Group
Invitalia Ventures, Primomiglio lead €3m round for Brandon
Sella Ventures, Sinergenis, Ecilog and private investor Fabio Cannavale also take part in the round
Wise-backed Tatuus bolts on Breda Racing
GP plans to boost the two companies' internationalisation and achieve strong operational synergies
One Equity-backed Lutech bolts on Tecla.it
Deal also includes the acquisition of two subsidiaries controlled by Tecla.it
F2i holds €3.6bn final close for third fund
Vehicle was launched with a €3.3bn target and held a €3.14bn first close in December 2017
Ambienta exits Aico
Sale ends an eight-year holding period for Ambienta, which bought the company via its first fund
NB Renaissance Partners' Comelz bolts on Camoga
Following the acquisition, Comelz expects to reach EBITDA of €30m from revenues of €75m in 2018