M&A Deal Summary

Advent International and Emisys Capital SGRpA Acquire Venere Net Srl

On November 1, 2006, private equity firm Advent International and mezzanine finance firm Emisys Capital SGRpA acquired internet software and services company Venere Net Srl

Acquisition Highlights
  • This is Advent International’s 5th and Emisys Capital SGRpA’s 1st transaction in the Internet Software and Services sector.
  • This is Advent International’s 7th and Emisys Capital SGRpA’s 4th transaction in Italy.
Investment Fate
  • Venere Net Srl was sold to a publicly-traded strategic buyer in 2008.

M&A Deal Summary

Date 2006-11-01
Target Venere Net Srl
Sector Internet Software and Services
Buyer(s) Advent International
Emisys Capital SGRpA
Deal Type Buyout (LBO, MBO, MBI)

Target

Venere Net Srl

Roma, Italy
Venere Net Srl is an Online Travel Agency operating on a global scale, focusing exclusively on hotel reservations.

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Buyer(S) 2

Buyer

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 91.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 140 of 353
Sector: Internet Software and Services M&A 5 of 14
Type: Buyout (LBO, MBO, MBI) M&A Deals 93 of 156
Country: Italy M&A 7 of 11
Year: 2006 M&A 11 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-01 Vestolit & Co. KG

Marl, Germany

Operator of the largest fully integrated PVC production plants in Europe.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-20 SPORTFIVE

Altrincham, United Kingdom

SPORTFIVE is a globally active sports marketing business focusing on the buying & selling of sponsorship and media rights as well as brand consulting, event management and athlete management. Its success is built on long-standing relationships on a global scale paired with decades of experience and an innovative spirit to bring together brands, rightsholders, media platforms, and sports fans. SPORTFIVE is a trusted partner for business with the world’s leading clubs, leagues, and federations in established sports markets such as soccer, handball, and Olympics as well as in growth markets such as eSports. SPORTFIVE is based in Altrincham, United Kingdom.

Sell €865M
Buyer

Emisys Capital SGRpA

Milan, Italy

Category Mezzanine Finance Firm
Founded 2013
PE ASSETS 130M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

AF Mezzanine is a provider of junior capital to support leveraged buyouts, growth capital financings, as well as recapitalizations. AF generally focuses on mid-sized companies with sales of €50 to €500 million. AF does have any sector preferences, however the Firm prefers stable businesses with predictable cash-flows. The Firm's target investment size is €4 to €20 million. AF will not invest in start-ups or turnaround situations. AF Mezzanine is controlled by financial group Fineurop and is based in Milan.


DEAL STATS #
Overall 6 of 18
Sector: Internet Software and Services M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 5
Country: Italy M&A 4 of 12
Year: 2006 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-17 Ziggo

Groningen, Netherlands

Ziggo is a cable operator in the Netherlands, providing analogue and digital television, broadband and telephony services to consumers and businesses. Ziggo was founded in 2007 and is based in Groningen, Netherlands.

Buy €2.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-01 Giordano

Diano D'Alba, Italy

Giordano produces and distributes beverages. The Company offers wines, spirits, specialty foods, confections, and other pantry products. Giordano was formed in 1990 and is based in Diano D'Alba, Italy.

Buy -