Acquisitions in Tuscany, Italy

Fremman Capital acquired a majority stake in Italian specialty in-vitro diagnostics (IVD) company DIESSE Diagnostica Senese from healthcare-focused private equity firm ARCHIMED (MED II). DIESSE’s management team is retaining a meaningful minority stake and will continue to lead the business; ARCHIMED’s exit follows a five-year ownership period after acquiring DIESSE as a carve-out from PZ Cormay.

The Fibonacci Group, controlled by funds advised by Apax Partners LLP, announced the acquisition of Quid Group and its subsidiary Cabel from Equinox. Quid provides consumer credit software and Cabel provides core banking software and Banking-as-a-Service capabilities, strengthening Fibonacci’s European financial software platform alongside prior acquisitions including OCS, Finwave, and altermAInd.

Capri Holdings signed an agreement to acquire Sicla, an Italian shoemaker and supplier that produces part of Jimmy Choo’s shoe collections. The deal strengthens Capri’s in-house production capabilities in Italy; the Donnini family will continue to run Sicla, and financial terms were not disclosed.

Affiliates of SK Capital Partners, LP made a strategic investment in Ecopol S.p.A., acquiring a majority interest in the Italy-headquartered developer and producer of water-soluble and biodegradable films and delivery systems. Ecopol CEO and controlling shareholder Mauro Carbone retained a significant stake and remains CEO and the largest individual shareholder, while existing minority investor Tikehau Capital continues as a minority shareholder. The transaction signed in July 2023 and was completed in September 2023, alongside the formation of a new Board of Directors to support Ecopol’s growth plans, including expansion of its U.S. production footprint.

Funds advised by Permira, together with the Marcucci family and co-investors including a wholly-owned subsidiary of ADIA and Ampersand Capital Partners, completed the joint acquisition and combination of Kedrion Biopharma and Bio Products Laboratory (BPL). The combined plasma-derivatives and rare-disease medicines company will be headquartered in Italy, with existing shareholders including FSI and CDP Equity reinvesting alongside the new ownership group.

Schur Flexibles Group acquired 100% of the shares of Termoplast S.r.L., an Italian producer specializing in recyclable films including 100% recyclable MDO-PE films. The deal is intended to accelerate Schur Flexibles’ expansion in the Italian market and broaden its recyclable packaging innovations. Termoplast’s current owners Salvino and Sandro Barnini will remain as managing directors post-closing; the purchase price was not disclosed and closing occurred at the end of June 2021.

Charme Capital Partners signed an agreement with IMA for the sale of 63% of ATOP, valuing ATOP at an enterprise value of approximately €380 million. IMA, already a 21% shareholder since 2017, will increase its ownership to 84% at closing (scheduled for July 2019), while ATOP’s founders and chairman Amedeo Felisa will reinvest for a 6% stake.