Transactions

Movent Capital Advisors assisted nCore HR S.r.l. in the operation which saw Vertis SGR S.p.A. fully subscribing a capital increase for the acquisition of a minority shareholding. This operation has the aim of accelerating the growth process of nCore HR's business in Italy and in the main European countries and strengthening the current organizational structure.

nCore HR is an innovative SME founded in 2017 that deals with optimizing the selection process in the HR field through proprietary software solutions, provided in Saas mode, for the human resources management and the recruiting sector.

Founded in 2007, Vertis SGR S.p.A. is a dynamic and independent investment management company authorized by Bank of Italy. It manages six closed-end funds for qualified investors by participating in research projects, spin-offs, startups and PMI and deals with the investments of the innovative Made in Italy.

Movent Capital Advisors advised Florence Luxury Leather S.r.l. (Pelletteria TNL group), based in the fashion hub of Scandicci (Florence), in the structuring of the loan, provided by Solution Bank, for the industrial aggregation operation with Griba S.r.l., a historic Tuscan company specialized in the creation of metal finishes for high fashion.

Florence Luxury Leather S.r.l., already present on the metal accessories market with ACME S.r.l., aims to establish an independent production and services reality by expanding the offer of the Pelletteria TNL group, specialized in quality control services, integrated logistics and the creation of high quality accessories. leather and metal goods for the top international fashion brands.

Movent Capital Advisors advised Reway Group S.p.A. (EGM: RWY), the largest Italian player in the road and highway infrastructure rehabilitation sector, listed on the Euronext Growth Milan segment of Borsa Italiana S.p.A., for the structuring of the financing to service the acquisition of 70% of the share capital of Se.Gi. S.p.A., among the main operators active in the sector of civilian works and infrastructure maintenance for the railway sector.

The financing was obtained from a pool of three banks (Credit Agricole Italia, as agent bank, BNL BNP Paribas and Unicredit) which participated on an equal basis.

The operation will allow Reway Group to enter the railway maintenance sector, becoming the first operator in Italy to have the rehabilitation of both the highway and railway networks in its core business.

Movent Capital Advisors advised the founding and operating partners of Mypetclinic S.r.l. in the operation which saw the agreement for the acquisition by the Arcaplanet Group (Agrifarma S.p.A.).

Arcaplanet, the first Pet store chain in Italy, has completed the acquisition of the entire share capital of Mypetclinic, operating in the creation and management of veterinary clinics as well as in the marketing of food and accessories for animals, and of Mysocialpet, operating in the creation and management of web portals for the promotion of pet adoptions from kennels and shelters.

Movent Capital Advisors acted as financial advisor to the BCUBE group. for the medium-long term loan assisted by the SACE Guarantee for a total of 20 million euros, provided by Unicredit S.p.A. and Cassa Depositi e Prestiti S.p.A.

BCUBE is the leading Italian integrated logistics operator in the national scene, operating in several reference industrial sectors on a global scale, with a wide range of highly customizable integrated services.

Movent Capital Advisors acted as financial advisor to XIBER Energy Solutions S.r.l. (TESYA Group) in the acquisition of Zanotti Energy Group S.r.l.

XIBER Energy Solutions, a TESYA Group company formed in March 2023 to support Italian and European industry on its journey towards energy transition through highly-integrated, multi-technology decarbonisation solutions, is joining forces with the Zanotti Energy Group, a highly-digital company that specialises in consultancy, design, installation and ‘asset management’ of renewable energy plants.

Movent Capital Advisors assisted the founding and operating partners of Sita Ricerca S.r.l. in the operation that saw the acquisition of a majority stake by Pambianco Company.

Sita Ricerca is a historic reality in the sector of market research on the final consumer, with two offices in Rome and Milan, which has always stood out for the management of a panel that has continuously monitored consumption in Italy since 1983.

Pambianco has been assisting Italian lifestyle companies for over 40 years.
The services cover the needs of fashion, design, food, beauty and hotel companies.
The company is divided into two macro areas, Consulting and Media. The first division develops the Advisory, Market Research, Head Hunting and Communication services. The Media unit includes the editorial platforms Fashion, Design, Beauty, Wine & Food, Hotellerie as well as the Summits and the Academy.
 

Movent Capital Advisors acted as financial advisor to Comal S.p.A., which obtained new credit facilities, funded by Unicredit.

Comal was founded in 2001 on the initiative of a group of technicians with significant experience gained in the plant-industrial sector and is today among the leading Italian companies that have built large-scale photovoltaic systems, entering a sector just few years ago dominated by foreign entities.
Thanks to the experience gained, Comal has attracted the attention of large European structural investors (Octopus Investments, KGAL Investments, etc.)

Movent Capital Advisors assisted the Bonetti family in the transaction which saw the agreement for the acquisition by the ANDRITZ group (Austria) of BONETTI S.p.A., a global manufacturer and supplier of doctor, creping and coater blades for the paper industry.

Founded in 1923, Bonetti is a recognized brand in the paper machine market and known for its high quality.The company, with about 150 employees, has an annual turnover of about € 25 million and manages five production plants, of which two in Italy (Lainate (Milan) and Cantalupo (Varese), and another three in Wisconsin (USA), Hagen (Germany) and St. Louis de France (Canada).

The Andritz Group, listed on the Vienna Stock Exchange, has a turnover of approximately € 6.5 billion (of which € 3 billion in the "paper" division), 27,100 employees and over 280 offices in more than 40 countries.The acquisition fits in with Andritz long-term strategy to acquire complementary businesses and expand aftermarket business with its stable source of revenue and earnings.

Movent Capital Advisors acted as financial advisor to SolidWorld S.p.A., which issued bonds for an amount of € 5,000,000 and which were subscribed by Riello Investimenti Partners SGR, through the second private debt fund Impresa Italia II.
The structuring and placement of the bonds were organized by Movent.

SolidWorld develops 3D technologies for the entire digital process, in order to design, develop and manufacture products in a more efficient and sustainable way. SolidWorld is one of the main Italian "System Providers" in the offer of technologically advanced solutions and products for automation and the digitization of industrial processes, with particular reference to "three-dimensional" ("3D") digital innovation. The Group now has 14 offices and 3 technological hubs in Italy.
In 2021, the SolidWorld Group recorded revenues of approximately € 55 million, up 17% on 2020 revenues.

Movent Capital Advisors acted as financial advisor to Bikeroom S.r.l. - a company owned by the listed incubator Digital Magics - which closed a new round of over 500 thousand euros raised with its equity crowdfunding campaign on the Mamacrowd portal, thanks to the contribution of the AZ Eltif ALIcrowd fund, the first Italian venture capital Eltif that uses also crowdfunding to search new investors, set up by Azimut Investments SA and managed by Azimut Libera Impresa sgr.

Bikeroom is an online platform for buying high-end bikes, both new and certified second hand. It was born and developed thanks to a strategic partnership established with the most important manufacturers to provide the guarantee of a certified online purchase.

Movent Capital Advisors assisted RocketBaby in a fundraising round that saw as new investors a Club Deal led by Inexo and a group of private investors.With these new capitals, the Company intends to continue investing in the development of new products under its own brand, expanding the offer as well as accelerating its process of expansion and presence on foreign markets.

RocketBaby was born in 2015 with the idea of selling online premium and design products of innovative companies from all parts of the world, becoming a reference point for young Italian parents looking for the best products for their children, offering a shopping experience focused on the discovery of original and high quality products.In 2016, the RocketBaby brand was launched, with the ambition of building a 360-degree brand in the world of high quality and design products for children, for young digital mothers.Inexo is a business investment management and advisory platform.

Inexo allows Investors to have direct access to a compelling proprietary deal flow and to an integrated platform for structuring, executing and operating projects. Inexo also invests directly or alongside with its investment partners in new businesses, energy efficiency and clean energy, disruptive businesses, entertainment and media.

Movent Capital Advisors advised Mister Worker in the € 3 million capital increase with Fervi S.p.A.This transaction aims to accelerate the growth process of Mister Worker's business in foreign markets and the development of the current organizational structure.

Mister Worker ™ (through the company Esales S.r.l), the leading Italian B2B e-commerce - with an offer of over 80,000 products - is a global player in the supply of professional equipment and tools for Industrial Maintenance (MRO). It has a customer base of about 40.000 customers in 170 countries around the world and develops an expected turnover of € 4 million in 2021.

Fervi is listed on the AIM Italia segment of the Italian Stock Exchange. The company operates in the sector of the supply of professional equipment, mainly for the mechanical workshop, car workshop, carpentry, construction and the products included in the so-called "MRO" (Maintenance, Repair and Operations).

Movent Capital Advisors acted as financial advisor to the Ancorotti Family and other investors in Ancorotti Cosmetics in the acquisition of a stake in the Company by L-GAM, a long-term oriented investment company. The new partnership targets a greater presence in international markets, a broader product offering for customers and value-added acquisitions to complement Ancorotti’s existing operations.

Ancorotti Cosmetics was founded in 2009 by Renato and Enrica Monica Ancorotti and is globally recognized for its quality, development capabilities, and innovation in the field of third-party cosmetics manufacturing. Ancorotti serves over 300 international customers, including some of the fastest-growing and most exciting brands in the market today, generating over 85% of its sales outside of Italy. Ancorotti employs more than 300 employees at its plant in Crema, 65% of whom are women.

L-GAM is a long-term oriented investment company with capital commitments in excess of € 1 billion. L-GAM was established in 2013 with the backing of the Liechtenstein Princely Family and several families from Europe, Asia and the USA. Its unique and differentiated business model is based on a long-term investment focus and a flexible mandate to provide investment solutions throughout the capital structure. L-GAM focuses on partnering with management teams in small and medium sized companies across Europe.

Movent Capital Advisors acted as financial advisor to CGT Logistica Sistemi (CLS) S.p.A. in the acquisition of a majority stake in Alfaproject.net S.r.l.

CLS, a company part of Tesya Group and based in Carugate (Milan), operates since about 70 years, addressing the market as a single point of reference for choices relating to material handling and logistics.
11 branches, 9 operational centers, 180 mobile workshops, 5000 vehicles for rent and 150 models from 1 to 52 tons are the foundations of our highly-qualified structure, relying on professionals with excellent technical and management skills.
CLS is able to develop flexible proposals that adapt to constantly-developing work environments through dynamic and innovative solutions.
The acquisition is aimed at creating important strategic and commercial synergies.

Alfaproject.net was established in 2000 within the Start-up Incubator of Milan Politecnico with the main target to create a solution able to integrate the optimization of processes with the new technologies which grant to be totally independent from the suppliers.     
Alfaproject.net is specialized and focused on optimizing the supply chain and has been sustaining the managers of great companies in the delicate task of cost reduction and value generation for years.
The numerous experiences in the field of traceability allow Alfaproject.net to be recognized on the market as a Track-Ability Company, with high technological and process know-how, supported by a deep knowledge in the industrial reference models (Lean Manufacturing, World Class Manufacturing, ITIL).
The company operates in its headquarters in Milan.

Movent Capital Advisors acted as financial advisor to Bikeroom - a company where the listed incubator Digital Magics has a shareholding - as part of a capital increase subscribed by Cdp Venture Capital SGR and by a "Club Deal" of qualified private investors.

Bikeroom is an online platform for buying high-end bikes, directly from the manufacturer. It was born and developed thanks to a strategic partnership established with the most important manufacturers to provide the guarantee of a certified online purchase. Based on the customer's preferences, the bike is shipped directly to their home or to an authorized Bike-room workshop.
 

Movent Capital Advisors acted as financial advisor to the Board of Directors of Giglio Group S.p.A. as part of the share capital increase reserved to institutional investors and qualified shareholders through accelerated bookbuilding for a value of Euro 4,806,386.

Giglio Group S.p.A., listed on the STAR segment of the Italian Stock-Exchange Market (Borsa Italiana), creates the e-commerce platforms of Italy’s most important Fashion, Design and Food brands, managing their activities in full.

Some of the services offered:

• Creation of e-commerce websites and total management of all activities: from marketing to social media, from customer care to logistics and payments
• Positioning of brands’ products in the “showcases” of the main marketplaces of the world (for both on and off-season products)
• Development of advanced omni-channel projects for the integration of physical sales points with e-stores

Currently, Giglio Group boasts more than 100 partner brands with a presence on the 50 most important marketplaces of the world.

The Group operates in the international market, especially in Europe, United States of America, Russia and the Asia-Pacific area.

Movent Capital Advisors acted as exclusive financial advisor to Fin.Gest S.p.A., in the purchase from Intrum of a mortgage loan with a total nominal value of € 10,000,000.

Fin.Gest S.p.A., based in Vicenza, is a company specializing in the purchase and recovery of impaired loans on behalf of professional investors.

Movent Capital Advisors acted as financial advisor to Technofabric S.p.A. in the acquisition of the entire stake in Tessitura Marinoni S.r.l.

Technofabric, a company based in Costigliole Saluzzo (Cuneo), carries out its activity in the sector of technical fabrics for blankets intended for offset printing, one of the main technologies used in the graphic and publishing sector.

Established in 1978 as a cotton weaving mill for the production of articles intended exclusively for the graphic sector, over the years it has consolidated its position in this sector; at the same time, it has developed increasing skills in other application sectors, adding value to its products through the finishing activities designed and developed internally. Today Technofabric is a reality with a vertical structure with a production cycle that starts from the yarn and is completed with the finished fabric, using aramid fibers, nylon, high tenacity polyester, carbon or simply cotton.

In 2019 Technofabric achieved sales in excess of € 11 million.

The acquisition is aimed at creating important industrial and commercial synergies.

Tessitura Marinoni produces technical fabrics for industrial applications, managing the entire production cycle internally, starting from the supply of raw materials up to the finished fabric.

Founded in 1952 thanks to the passion of its founder Mr. Marinoni, after a start focused on fabrics for high fashion clothing and furnishings, it has developed its production capacity over time, consolidating its position in the field of fabrics for industry. The company operates in its headquarters in Mozzate (Como).

The company achieved a turnover in excess of € 4 million.

Almaviva has acquired control of Wedoo, an Italian digital innovation agency founded in 2007, with offices in Turin, Detroit and Shanghai, which designs digital strategies focused on the interaction between men and technologies, with important skills in production in CGI Computer Generated Imagery, in High-end solutions for the use of 3D in real time, in augmented reality and virtual reality applications.

The operation led to the acquisition of the current Wedoo S.r.l. and Wedoo LLC (USA), through the establishment of a Newco ("Wedoo Holding") in which all the equity investments were conferred. The subscription of a capital increase has allowed Almaviva to acquire 55% of the share capital.

Almaviva, which has a consolidated presence in the digitalisation of the public administration, thanks to Wedoo is also strengthened in the corporate value proposition.

The importance of this agreement is also in the completion of the value chain, in particular with the integration of Wedoo expertise within the SPC Public Connectivity System projects, whose Lot 4, awarded to the RTI led by Almaviva, is precisely dedicated to the creation of portals and online services for the PA.

Movent Capital Advisors acted as exclusive financial advisor for Wedoo.

Movent Capital Advisors acted as financial advisor for Bialetti Industrie S.p.A. in the issue of a non-convertible bond loan for Euro 17,000,000, entirely underwritten by the financial partner Och-Ziff Capital Investment LLC, as part of an investment transaction for a total of Euro 40,000,000

Bialetti Industrie S.p.A. is a leading industrial reality in Italy and among the main operators in international markets, operating with its brands of long tradition and absolute fame such as Bialetti, Aeternum, Rondine and CEM.

Bialetti Industrie operates in the production and marketing of products aimed at the Houseware and, in particular, with the Bialetti brand in the market of coffee preparation products such as traditional coffee makers, electric coffee makers and electric espresso machines as well as a line of coffee in capsules. The Aeternum, Rondine and CEM brands, on the other hand, are dedicated to the segment of cooking tools and kitchen accessories.

Oz Management is a global, diversified alternative asset management firm with a range of fully-integrated platforms across Multi-Strategy, Credit, and Real Estate, and a global presence with offices in New York, London, Mumbai, Hong Kong, Beijing and Shanghai.

Movent Capital Advisors acted as exclusive financial advisor to Fin.Gest S.p.A., in the purchase from UniCredit S.p.A. of a Non-Performing Mortgage Loans Portfolio of a total nominal value of € 9,500,000.

Fin.Gest S.p.A., based in Vicenza, is a company specializing in the purchase and recovery of impaired loans on behalf of professional investors.

Movent Capital Advisors acted as exclusive financial advisor for the founding partners of SOFTFOBIA S.r.l. in the sale of the company to the Spanish group INDRA SISTEMAS S.A.

Softfobia, a company based in Cagliari, deals with the design and development of websites and has gained twenty years experience in the field of digital solutions in the areas of e-commerce, web marketing, strategic planning and positioning and optimization of digital asset.

Indra Sistemas, listed on the Madrid Stock Exchange, is one of the leading technology and consulting companies in Europe and Latin America, with a consolidated turnover of over € 3 billion.

In Italy Indra has about 900 professionals working at the offices of Rome, Naples, Matera and Milan, the latter recently inaugurated following the expansion strategy in the country.

Movent Capital Advisors acted as financial advisor for IKOI S.p.A. in the corporate reorganization that saw both the entry of a new foreign industrial partner and the entry of a group of private investors, who underwrote a MLT financing for an amount of € 1.9 million.

IKOI is an international leader in the design, construction and marketing of plants and machinery for casting, chemical treatment and ingot processing of precious metals.

The company, through its subsidiary Graphite Hi-Tech S.r.l., is specializes in the production of graphite parts or accessories for the gold and silver industry, for the financial and industrial sectors and for special applications for foundry plants.

Founded in 2010 by Mr. Giovanni Faoro after thirty years of experience in the industry, it operates directly from its plant in San Zeno di Cassola (Vicenza), with a turnover forecast for 2018 of around € 11 million - of which over 80% represented by exports - and an expected EBITDA of more than 20%.  Mr. Alessandro Stocco holds the position of Managing Director.

The company's strong point is the continuous R & D activity in collaboration with the main research institutes focused on the sector, obtaining numerous patents at an international level that have consolidated its leading position.

In 2017 the commercial development of the new ALS technology was launched, to which the proceeds of the bond issue will be allocated.

Movent Capital Advisors acted as exclusive financial advisor to PRISMI S.p.A. in the acquisition of a majority stake (80%) in Wellnet S.r.l..

PRISMI S.p.A., a company listed on the AIM segment of Borsa Italiana, is a leading digital marketing company, active since 2007, which currently operates through its subsidiaries in Italy and Switzerland, with 7 locations and over 300 employees, and is a leader in digital transformation.

PRISMI offers a wide range of web marketing and digital communication services ranging from content marketing, web and ecommerce sites creation, to search marketing, with strong SEO specialization, social network management and mobile marketing.

Wellnet S.r.l., which employs around 25 people and is a key player in digital transformation market - both for public administration and medium-sized companies - with state-of- the-art avant-garde technology solutions, in 2016 had a turnover of over 800 thousand Euros, EBITDA and a net financial position both
positive.

The acquisition is part of the process already initiated by PRISMI for the constitution of a highly advanced, multi-functional and integrated industrial pole.

Movent Capital Advisors acted as financial advisor for POLIECO Group on the issue of a MLT facility for Euro 10,000,000, fully subscribed by Tenax Capital fund.

Polieco-MPB Industries is a company specialized in the production and distribution of plastic products for the construction of infrastructures.

Founded in 1977 in Cazzago San Martino (Brescia), it operates directly with six factories in Italy, France, Slovakia and Greece, it employs 350 people, with an estimated turnover in 2017 of around 120 million Euros, of which over 70% is represented by export.

Funding benefits from the InnovFin Guarantee of the European Investment Fund with the financial support of the European Union under the Horizon 2020 program and of the European Investment Fund, as provided by the Investment Plan for Europe.

The proceeds of the bond will be used to finance the investment plan in Italy and abroad for the development of new product lines.

Tenax Capital is a management company based in London and regulated by the English Financial Conduct Authority (FCA). Tenax Capital manages six investment funds, totaling about 600 million euros under management.

Movent Capital Advisors acted as exclusive advisor for Grant S.p.A. in the preparation and implementation of the company’s new Industrial and Financial Plan.

Grant Spa, with headquarters in Bentivoglio (BO), is a leader in Italy and abroad in clothing for girls between 0 and 14 years of age, and is recognizable through various brands among which the main one is “Miss Grant”.

In 2015 the company generated sales of Euro 16 million.

Movent Capital Advisors was the exclusive financial advisor for the Ancorotti family in the sale of a minority interest in Ancorotti Cosmetics to the private equity firm White Bridge Investments.

Ancorotti Cosmetics is a multinational company with head office in Crema, active in the production of cosmetics and a leader in mascara and color make-up production on behalf of leading cosmetic brands worldwide.
In 2016 the company registered sales of Euro 72 million (+60% on 2015), while in 2017 an additional increase of 20% is expected reflecting the outstanding growth trend.

The new institutional investor will support the company in the international development process guaranteeing the resources necessary for new investments and accelerating growth still further.

Movent Capital Advisors has been the exclusive advisor for Finskin Spa in the restructuring of its financial debt.

Finskin Spa, with its registered office in Vicenza, is an investment holding company controlling companies operating in Italy and abroad in the leather for furniture, clothes and automotive industry

Movent Capital Advisors has been the exclusive financial advisor of GDS in the structuring and placement of a minibond with Duemme SGR, with a total value of Euro 8 million issued by the company and maturing in December 2020.

Global Display Solutions is a Vicenza-based company; a leader in the technology sector and world supplier of electronic services, and products and solutions with a high added value. In 2015 the company registered consolidated sales of approximately Euro 88 million (+20% on 2014), with an additional increase in 2016.

The purpose of the issue of the bond loan was to support growth projects and development plans in a business that is constantly changing.

Duemme SGR, the Banca Esperia Group’s asset manager, finalized the investment through “Duemme Fondo per le Imprese”, an investment fund regulated by Italian law for qualified investors.
 

Movent Capital Advisors acted as exclusive advisor to Magicoral S.r.l. in the devising and implementation of the company’s new Industrial and Financial Plan.

Padua-based, Magicoral is a domestic and world leader in the women's wear sector under the tradename Maliparmi.

The company generated sales of Euro 29 million in 2015.