Acquisitions in Piedmont, Italy

SABSEG, an independent insurance broker in Spain and Portugal, acquired Italian insurance brokerage Asigest Broker to enter and expand in the Italian market. Asigest Broker, founded in 1992 and headquartered in Biella, Italy, will continue to be led by its founding shareholders and management team, including Alessandro Griffith, as SABSEG pursues a Southern Europe growth and consolidation strategy.

Bain Capital and Nextalia SGR agreed to acquire Deltatre, a sports and entertainment technology provider, from Bruin Capital. Deltatre provides OTT streaming, digital, and data/graphics/broadcast solutions to major global sports organizations and media companies, and is expected to generate about $180 million of revenue in 2022. Sources cited the deal valuing Deltatre at roughly $700 million to $900 million, subject to regulatory and customary approvals.

Enoflex has signed an agreement to acquire 100% of the share capital of Italian bottling-closure manufacturer Pe.Di. The deal expands Enoflex’s capping and overcapping product portfolio—adding crown caps, bidules, and tamper-proof closure systems—and supports the group’s international growth strategy. The Di Crescenzo family is exiting Pe.Di’s share capital but will continue to support the business operationally.

Ergon Capital Partners IV SCSP ("Ergon") closed the acquisition of a majority stake in Millbo, BioNaturals International, and BioNaturals Europe (together MillboBioNaturals), a manufacturer of natural bakery ingredients and clean-label solutions. Existing shareholders, including CEO Alessandro Boggiani and BioNaturals’ shareholders, will reinvest alongside Ergon to support growth and a potential buy-and-build strategy.

Quadrivio Group, via its Industry 4.0 Fund, announced the acquisition of a majority stake in Rototech S.r.l., an Italian rotational-technology manufacturer of fuel tanks, AdBlue tanks, air intake systems, and other components for industrial and agricultural vehicles. The stake was acquired from the Accornero family, with current president Oreste Accornero continuing to lead the business alongside an incoming sector-experienced CEO to execute a new industrial development plan.