Transactions

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 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 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 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.