CLIENT: XENON PE
TRANSACTION: M&A
DATE: December 2017
SECTOR: Industrial
Mandate:
XENON PE, a private equity fund dedicated to investments in industrial businesses, has signed a binding agreement with 2MP.
2MP, based in Piacenza (Italy), is active in the manufacturers of hydraulic components; in 2018.
Massimo Bertoni and Marco Pancaldi acted as buy-side financial advisors of XENON PE.
CLIENT: NAVY GROUP
TRANSACTION: M&A
DATE: January 2015
SECTOR: Fashion
Mandate:
Navy Group found in 1961 as a family-owned business manufacturing socks. Over time, it grew into a large factory, expanding its product portfolio to casual and sportswear. In 2015, its revenues were around €50m.
Massimo Bertoni acted as the sell-side tax and financial advisor for NAVY GROUP.
CLIENT : ELENOS
TRANSACTION: M&A
DATE: 2015-2018
SECTOR: Broadcast
Mandate:
ELENOS, broadcast Italian company, purchased ITELCO and BROADCAST ELETTRONIC USA.
ELENOS, based in Ferrara (Italy), is a world leader in manufacturing innovative, state-of-the-art FM TV transmitters; in 2018 revenues were around €30m.
Massimo Bertoni and Marco Pancaldi acted as buy side advisor (financial due diligence and structure) of ELENOS GROUP.
CLIENT: XENON PE
TRANSACTION: M&A
DATE: March 2018
SECTOR: Industrial
Mandate:
XENON PE, a private equity fund dedicated to investments in industrial businesses, has signed a binding agreement with TECNOPOOL Spa.
TECNOPOOL Spa, based in Padova (Italy), is active in the production, deep-freezing, cooling, pasteurizing, proofing food processing equipment; in 2018 Revenues were around €100m.
Massimo Bertoni acted as buy-side financial advisor of XENON PE .
CLIENT : XENON PE
TRANSACTION: M&A
DATE: March 2018
SECTOR: Industrial,
Mandate:
XENON Pe, a private equity fund dedicated to investments in industrial businesses, has signed a binding agreement with MIMAC.
MIMAC Spa, based in Piovene Rocchete, Vicenza (Italy), is active in the production, deep-freezing, cooling, pasteurizing, proofing food processing equipment; in 2018 Revenues were around €50m.
Massimo Bertoni acted as buy-side financial advisor of XENON Pe.
CLIENT: XENON PE
TRANSACTION: M&A
DATE: March 2018
SECTOR: Industrial
Mandate:
XENON Pe, a private equity fund dedicated to investments in industrial businesses, has signed a binding agreement with LOGIUDICE.
LOGIUDICE Srl, based in Arcole, Verona (Italy), is active in designs and manufactures deck ovens, rotary ovens and spiral mixers for bakeries and pastry shops artisan and semi-industrial.; in 2018 revenues were around €50m.
Massimo Bertoni acted as buy-side financial advisor of XENON Pe.
CLIENT: ALCEDO SGR
TRANSACTION: M&A
DATE: July 2019
SECTOR: Industrial,
Mandate:
ALCEDO Sgr, a private equity fund dedicated to investments in industrial businesses, has signed a binding agreement with EUROCHEF Srl.
EUROCHEF Srl, based in Verona (Italy), is active in the production in ready meals; in 2018 revenues were around €50m.
Massimo Bertoni acted as buy-side financial advisor of ALCEDO Sgr.
CLIENT : CMV SRL
TRANSACTION: M&A
DATE: July 2019
SECTOR: VET
Mandate:
ANICURA, a private Vet industry to investments in VET businesses, has signed a binding agreement with CMV Srl.
CMV Srl, based in Varese (Italy), is active in VET clinique; in 2019 revenues were around €3m.
Massimo Bertoni and Marco Pancaldi acted as sell-side tax and financial-advisor of CMV Srl and had designed the deal tax structure.
CLIENT: TRITON – ALL4LABELS
TRANSACTION: M&A
DATE: 2020
SECTOR: flexible packaging
Mandate: Advisory buy-side
ALL4LABELS, package German company, purchased GPS Group, Italian leader in packages solution with revenues around €150m.
ALL4LABELS, based in Germany, is a world leader in the flexible packaging industry; the group is owned by Triton Private Equity; in 2019 ALL4LABELS revenues were around €400m.
Massimo Bertoni and Luigi Attardo Parinello acted as buy-side advisors of All4LABELS AND TRITON.
CLIENT : AKSIA GROUPSGR
TRANSACTION: M&A
DATE: July 2019
SECTOR: Industrial,
Mandate:
AKSIA GROUP SGR, a private equity fund dedicated to investments in industrial businesses, has signed a binding agreement with VALPIZZA.
VALPIZZA, based in Valsamoggia, Bologna (Italy), is active in the production and distribution of frozen pizzas and pizza bases; in 2018 revenues were around €50m. in 2018 revenues were around €50m.
Massimo Bertoni and Marco Pancaldi acted as buy-side financial advisor of AKSIA GROUP SGR.
CLIENT: VETPARTNERS UK
TRANSACTION: M&A
DATE: 2020-2021
SECTOR: Veterinary
Mandate: Financial and Tax Due Diligence
VET PARTNERS Italia, a BC PARTNER VEHICLE dedicated to the the VETERINARY SECTOR has purchased several veterinary clinics in northern Italy over FY20 and FY21.
Studio MBA (Massimo Bertoni, Marco Pancaldi, Francesco Saccani, Italo Iaboni) and acted as buy-side advisors (Structure, Financial and Tax Due Diligence) of VET PARTNERS Italian Holding
CLIENT: NAVY GROUP
TRANSACTION: M&A
DATE: May 2021
SECTOR: Fashion
Mandate:
The group was born in 1961 from the development of a family-owned business company, manufacturing socks.
This family business became in a short time a great factory, enlarging the product portfolio into casual and sportive apparel; in 2020, Revenues were around €30m.
Studio MBA acted as sell-side tax and financial advisor to accompany the Consilium exit.
CLIENT : HYLE CAPITAL
TRANSACTION: M&A
DATE: December 2021
SECTOR: Industrial, Food & Beverage
Mandate:
Hyle Capital SGR, a private equity fund dedicated to investments in industrial businesses, has signed a binding agreement with CONTRI VINI SpA, based in Cazzano di Tramigna VR (Italy), is active in the distribution of Italian wine; in 2021 revenues were around €100m.
Massimo Bertoni and Ermanno Restano acted as buy-side financial advisor of Hyle Capital SGR.
CLIENT: OKAIDI – ID GROUP (Roubaix – France)
TRANSACTION: M&A
DATE: Dec-2021
SECTOR: Toys
Mandate: Advisory, Financial and Tax Due Diligence
OKAIDI Italia as ID GROUP Subsidiary has purchased minority shares (49%) of Città del Sole Srl and Selegiochi Srl, leading Italian Toys retailer.
Studio MBA (Massimo Bertoni and Marco Pancaldi) and acted as buy-side advisors of ID Group
CLIENT: Aksia Group
TRANSACTION: M&A
DATE: October 2020
SECTOR: Food
Mandate:
AKSIA GROUP SGR, a private equity fund dedicated to investments in industrial businesses, on behalf of VALPIZZA, has signed a binding agreement with MEGICPIZZA.
MEGICPIZZA, based in Gorizia (Italy), is active in the production and distribution of fresh pizzas and pizza bases; in 2020 revenues were around €10m.
Massimo Bertoni and Marco Pancaldi acted as buy-side financial advisor of AKSIA GROUP SGR and VALPIZZA.
CLIENT: Riverside Inc
TRANSACTION: M&A
DATE: May 2022
SECTOR: Food
Mandate:
Riverside Inc, a US private equity fund dedicated to investments in industrial businesses, on behalf of Riverside Europe, has signed a binding agreement with Il Pastaio di Brescia Srl.
Il Pastaio di Brescia Srl, based in Brescia (Italy), is active in the production and distribution of fresh pizzas and pizza bases; in 2020 revenues were around €55m.
Massimo Bertoni and Marco Pancaldi acted as buy-side financial advisor of Riverside Inc.
CLIENT: STOMMPY SPA
TRANSACTION: M&A, Vendor Due diligence, Tax Structure
DATE: JULY 2022
SECTOR: Safety
Mandate: New Horizon Holding Srl
STOMMPY SPA based in Rubiera (Italy) is active in the production and distribution of safety barriers; in 2022 revenues were around €11m
A family office holding dedicated to investments in industrial businesses, on behalf of ONEQUTIY, has signed a binding agreement with New Horizon Holding to purchase the 100% shares.
Massimo Bertoni and Marco Pancaldi acted as sell-side financial advisors of NHH and STOMMPY.
CLIENT: Emilia Foods Srl
TRANSACTION: M&A, Due Diligence
DATE: July 2022
SECTOR: Food
Mandate:
Emilia Foods Srl, based in Modena (Italy), is active in the production and distribution of ready meals, pizzas and frozen food; in 2022 revenues were around €40m.
Massimo Bertoni and Marco Pancaldi acted as buy-side financial advisors of Emilia Foods to purchase the 100% quotas of Gusti Toscani.
CLIENT: Riverside Inc
TRANSACTION: M&A
DATE: NOV 2022
SECTOR: Frozen Food
Mandate:
Riverside Inc, a US private equity fund dedicated to investments in industrial businesses, on behalf of Riverside Europe, has signed a binding agreement with Canuti Tradizione Italiana Srl in Rimini (Italy), is active in the production and distribution of fresh pizzas and pizza bases; in 2022 revenues were around €15m.
Massimo Bertoni acted as buy-side financial advisor of Riverside Inc.
CLIENT: VALSA GROUP SPA
TRANSACTION: M&A,
DATE: May 2023
SECTOR: Food
Mandate:
Valsa Group SpA, based in Bologna, Piacenza, Bari and Gorizia (Italy), is active in
the production and distribution of pizzas, focaccia and other bakery products, fresh
and frozen; in 2022 revenues were around €90m.
Massimo Bertoni acted as buy-side financial advisor of Valsa Group to purchase
the 100% quotas of Menchetti Frozen Srl, based in Arezzo. Menchetti is active in
the production and distribution in high-quality pizzas & pinsa fresh and frozen; in
2022 revenues were around €13m.