Investment Summary

Apollo Global Management and Italmobiliare Invest In Bene Assicurazioni

On February 6, 2019, asset manager Apollo Global Management and private equity firm Italmobiliare invested in insurance company Bene Assicurazioni

Investment Highlights
  • This is Apollo Global Management’s 5th and Italmobiliare’s 1st transaction in the Insurance sector.
  • This is Apollo Global Management’s 1st and Italmobiliare’s 5th transaction in Italy.

Investment Summary

Date 2019-02-06
Target Bene Assicurazioni
Sector Insurance
Investor(s) Apollo Global Management
Italmobiliare
Deal Type Stake Purchase

Target

Bene Assicurazioni

Milan, Italy
Bene Assicurazioni is an insurance company. The company is specialized in retail and focused on car and motorcycle risks. Bene Assicurazioni was founded in 2016 and is based in Milan, Italy.

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Investor(S) 2

Investor

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1990
PE ASSETS 72.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.


DEAL STATS #
Overall 83 of 151
Sector: Insurance M&A 5 of 5
Type: Stake Purchase M&A Deals 5 of 11
Country: Italy M&A 1 of 3
Year: 2019 M&A 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-14 Jacuzzi

Irvine, California, United States

Jacuzzi is a global manufacturer of premium spas, swim spas, whirlpool, soaker and walk-in bathtubs and related bathroom products and accessories. The Company believes that ‘when we feel good, we live a better life.’ The Company operates under multiple brands, including Jacuzzi, Sundance, Dimension One Spas, Hydropool, ThermoSpas, and BathWraps. The Company’s flagship brand, Jacuzzi, is the most recognized in the world for spa and hydrotherapy bathing. Jacuzzi was founded in 1956 and is based in Irvine, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-07 Direct ChassisLink

Charlotte, North Carolina, United States

Direct ChassisLink is a provider of equipment and asset management services to the U.S. intermodal industry. DCLI provides chassis leasing and chassis/container management services to container shipping companies, railroads, terminal operators, logistics companies, motor carriers, and beneficial cargo owners through its advantaged network, information technology, and field management organization. Direct ChassisLink was founded in 2009 and is based in Charlotte, North Carolina.

Buy -
Investor

Italmobiliare

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1946
PE ASSETS 1.4B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Italmobiliare SpA is a public traded investment firm with interests in companies and private equity funds. The Firm is a generalist investor and primarily focuses on opportunities throughout Italy. Italmobiliare SpA was established in 1946 and is headquartered in Milan.


DEAL STATS #
Overall 5 of 13
Sector: Insurance M&A 1 of 1
Type: Stake Purchase M&A Deals 2 of 3
Country: Italy M&A 5 of 13
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-31 ISEO Ultimate Access Technologies

Pisogne, Italy

ISEO Ultimate Access Technologies is a manufacturer of mechanical, mechatronic, and digital solutions for access control and security. The Company provides products for passive protection and security systems, including locks, cylinders, access systems, and anti-panic devices for buildings and individuals. ISEO Ultimate Access Technologies was founded in 1969 and is based in Pisogne, Brescia, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-11 Capitelli

Borgonovo Val Tidone, Italy

Capitelli produces cooked-ham and cooked cold-meat specialities, using traditional processing methods and aiming at a high-quality segment of the charcuterie market. Capitelli was founded in 1976 and is based in Borgonovo Val Tidone, Italy.

Buy -