Italy
Fondo Strategico agrees to buy Avio stake from Finmeccanica
State-backed investor Fondo Strategico Italiano has agreed to buy a 15% stake in aerospace group Avio from Finmeccanica, subject to the completion of an IPO.
Synergo to launch Turkish fund
Italian private equity house Synergo has signed an agreement with the Baykam family, founders of Turkish private equity firm Baykam Capital Partners, to launch a fund focused on investment in Turkish SMEs.
Fondo Strategico backs Kedrion Biopharma
State-backed Fondo Strategico Italiano has invested €150m in Italian biopharmaceuticals company Kedrion Biopharma in exchange for an 18.7% stake.
Fondo Strategico makes maiden investments totalling €650m
State-backed investor Fondo Strategico Italiano has completed its first investments totalling €650m.
Fondo Strategico backs Metroweb
Italian state-backed investor Fondo Strategico Italiano has made its maiden investment, injecting €200m into Milan-based fibre optics company Metroweb in exchange for a 46.2% stake.
AIFI announces new board
Italian private equity and venture capital association AIFI has announced its new governing board.
Comecer acquires Brita Trade
Fondo Italiano portfolio company Comecer has acquired Brita Trade, a Czech glass processing firm.
Sator backs Extrabanca
Sator private equity has made an initial €15m investment in independent bank Extrabanca, securing a 38.9% stake.
SICI holds first closing of regional fund
Italian private equity house SICI has held a first closing of the Rilancio e Sviluppo fund on €26m.
Italian GPs ask: Why Not Italy?
Why not Italy?
Southern Europe unquote" May 2012
“This is going to cost me a general strike,” said the Spanish prime minister, commenting on his labour reforms.
Clessidra and Avista acquire Rottapharm
Clessidra Capital Partners and Avista Capital Partners have acquired a 50% stake in Italian drugmaker Rottapharm from the founding family in a deal that values the business at €1.7bn, according to reports.
AIFI appoints new president
The Italian private equity and venture capital association, AIFI, has appointed Innocenzo Cipolletta as president.
Sator and Palladio make new bid for Fondiaria
Private equity funds Palladio Finanziaria and Sator have made a bid of up to €400m each to take control of troubled Italian insurer Fondiaria-SAI, rivaling plans for a merger with Italian financial services company Unipol.
Syntegra to float Moleskine
Syntegra Capital confirmed yesterday it is looking to float Italian notebook and diary brand Moleskine at the company’s annual results presentation.
IMI Fondi Chiusi backs Svas Biosana
IMI Fondi Chiusi has invested €6m in exchange for a minority stake in Italian medical devices and infusion solutions company Svas Biosana.
Fondo Italiano backs Angelantoni Test Technologies
Fondo Italiano di Investimento has made an €8m equity investment in exchange for a minority stake in Angelantoni Test Technologies, which provides testing equipment and services for use on mechanical and electrical systems and products.
Consilium acquires Tucano Urbano for €12m
Consilium SGR has acquired a majority stake of around 75% in Italian motorcycle clothing company Tucano Urbano for a reported €12m.
Wise and J Hirsch buy Alpitour from Exor
Wise SGR and J Hirsch & Co have acquired a 54% stake in Italian tourism company Alpitour from Exor – which will retain 10% of the company – in a deal that gives the business a €225m enterprise value.
Fondo Italiano backs Farmol
Fondo Italiano di Investimento has invested €11.25m in Bergamo-based aerosol company Farmol in exchange for a minority stake.
Southern Europe unquote" April 2012
In early March, Spanish prime minister Mariano Rajoy announced a self-imposed adjustment to the country’s budget deficit targets as defined by Brussels, adjusting the figure from 4.4% of GDP to a gentler 5.8%. The change has fuelled eurozone anxiety...
BlackFin acquires Chiarezza
BlackFin Capital Partners has wholly acquired Italian insurance aggregator Chiarezza from motor insurance firm Admiral Group.
Investindustrial reaps 3x on Ducati exit
Investindustrial has sold Italian motorcycle designer and manufacturer Ducati to Audi AG, a deal believed to be worth slightly less than €900m.
Italian Stock Exchange launches PE initiative
The Borsa Italiana has announced the launch of Elite, a platform uniting 15 Italian private equity houses with the shared focus of boosting unlisted Italian SMEs.