Italy
NB Aurora to float and acquire FII's portfolio
Fund expects to raise €150m in a private placement for institutional and professional investors
Invitalia launches second fund for southern Italy
Fund received a €150m commitment from the Italian government's Fondo Per Lo Sviluppo e La Coesione
PE-backed Snaitech sold to Playtech for €846m
Playtech will have to make a mandatory takeover offer for the remaining Snaitech shares
Orlando Italy to sell Favini
Sale ends a nine-year holding period for Orlando Italy, which acquired the company in 2009
PE-backed Alpitour buys Eden Viaggi
Following the acquisition of Eden Viaggi, Alpitour expects to reach a turnover of €2bn in 2019
Apax opens Milan office, appoints Revel-Sillamoni as head
Francesco Revel-Sillamoni will lead the new office with the support of senior adviser Francesco Panfilo
Aksía's Covisian buys customer management specialist RBS
Following the deal, Covisian deputy general manager Carlo Rosini was appointed CEO of RBS
Charme acquires 80% stake in OCS
Italian financial software business will pursue an international and acquisitive growth strategy
Italian election: uncertainty on the PE horizon
Italian election is the latest European electoral result to have raised uncertainty, though local players remain confident about PE activity
Gradiente buys HPF
GP is deploying capital from its Gradiente II fund, which held a first close in November 2017
Apax buys Bip from Argos Soditic
Sale ends a four-year holding period for Argos Soditic, which acquired the company in May 2014
Orienta buys Fratelli Bassini
Orienta replaced the company's management team with a new group of managers following the deal
J Hirsch, Wise to exit Alpitour
GPs received expressions of interest but the sale talks are still in their initial phase
OpCapita buys Rossopomodoro owner Sebeto
GP will strengthen the management team with the appointment of new CEO Roberto Colombo
Consilium's Celli bolts on FJE Plastic Development
Acquisition was made through Celli’s British subsidiary ADS2, bought in 2015
Aksìa buys bakery CRM
With the fresh capital, CRM plans to consolidate its position in the Italian market
Alto Partners backs Millefili
Company intends to bolster its organic growth following the investment by Alto
Investindustrial's Valtur files for insolvency
Investindustrial bought Valtur in 2016 in an all-equity deal valued at around €100m
Ardian's Italmatch bolts on Jiayou Chemical
Italmatch has bought the business from Ecolab, a US company operating in industrial water treatment
Progressio buys Save the Duck
CEO Nicolas Bargi will retain a stake in the business and continue to lead the company
Italian venture moves upmarket as overall activity dips
Venture dealflow and aggregate value decreased in 2017 following five years of growth, as VCs turned their attention to later-stage rounds
Progressio's Garda Plast bolts on Ifap
Debt package was provided by Crédit Agricole Cariparma and Banco BPM to support the transaction
Techwald's SPAC Life Care Capital to trade on AIM Italia
SPAC will invest in non-listed medium-sized Italian companies active in the healthcare sector
Palladio backs Uni Gasket
Following the acquisition, Vittorio Calissi will continue to lead the company as president and CEO