M&A Deal Summary

Fondo Italiano d Investimento Acquires HNH Hospitality

On February 22, 2023, private equity firm Fondo Italiano d Investimento acquired leisure company HNH Hospitality from Siparex

Acquisition Highlights
  • This is Fondo Italiano d Investimento’s 1st transaction in the Leisure sector.
  • This is Fondo Italiano d Investimento’s 14th transaction in Italy.

M&A Deal Summary

Date 2023-02-22
Target HNH Hospitality
Sector Leisure
Buyer(s) Fondo Italiano d Investimento
Sellers(s) Siparex
Deal Type Secondary Buyout

Target

HNH Hospitality

Venezia Mestre, Italy
HNH Hospitality is an independent operators in the 4- and 5-star hotel management segment. HNH Hospitality has sixteen hotels, located throughout Italy in cities such as Milan, Verona, Padua, Trieste and Bologna, and in destinations with a strong tourist vocation such as Rome, Venice, Jesolo, Sicily and Sardinia. HNH Hospitality was founded in 1999 and is based in Venezia Mestre, Italy.

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Buyer(S) 1

Buyer
DESCRIPTION

Fondo Italiano d'Investimento is a private investment firm focused on direct investments in companies as well as fund investments. The Firm's direct investing activity is divided amongst private equity and venture capital activity. Within private equity, Fondo Italiano looks for consolidation opportunities with a particular focus on companies exhibiting strong brands and operations, reputations for excellence. for Within venture, Fondo Italiano looks to invest €5 to €150 million in high-growth, tech-oriented companies generating €5 to €70 million in annual revenue. Fondo Italiano d'Investimento was established in 2010 and is headquartered in Milan.


DEAL STATS #
Overall 15 of 20
Sector: Leisure M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 3
Country: Italy M&A 14 of 19
Year: 2023 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-01 Quick

Piangipane, Italy

Quick engages in production and marketing of recreational boating equipment. Quick was founded in 1982 and is based in Piangipane, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-25 Gruppo Florence

Milano, Italy

Gruppo Florence is a build-up project born from the consolidation of Italian companies active in the design, development, and production of clothing, footwear, and accessories for the main luxury brands. Gruppo Florence was founded in 2020 and is based in Milano, Italy.

Sell -

Seller(S) 1

SELLER

Siparex

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1977
PE ASSETS 4.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Siparex is a French private equity firm that looks to invest mezzanine or equity capital in companies at all stages of development. The Firm separates its investment activity into mid-market, mezzanine, and small-cap. Within mid-market, Siparex looks to invest €2.5 to €40 million in companies with at least €15 million in sales. Prospective transaction situations include buyouts, shareholder liquidity events, and growth capital financings. The Firm will consider all business sectors. Within its mezzanine group, Siparex looks to invest €2 to €10 million to support growth, acquisitions, refinancings, and restructurings. The small-cap group seeks investments starting at €300K in early-stage companies as well as those undergoing expansion or being sold. Siparex was formed in 1977 and is based in Paris.


DEAL STATS #
Overall 27 of 32
Sector: Leisure M&A 1 of 2
Type: Secondary Buyout M&A Deals 13 of 14
Country: Italy M&A 2 of 2
Year: 2023 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-17 Biose Industrie

Aurillac, France

Biose Industrie is a Contract Development and Manufacturing Organization (CDMO), specialized in Live Biotherapeutic Products. Biose Industrie has more than 60 years of experience in the development and production of live bacteria based drugs. Biose Industrie offers lab development specialized in microbiology and is Drug GMP certified for the manufacturing of API, clinical batches, and commercial products. Biose Industrie was founded in 1951 and is based in Aurillac, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-15 NG Travel

Paris, France

NG Travel is a tour operator. The group offers a very wide range of tourist stays covering a choice of nearly 30 destinations. The group distributes this offer via its Boomerang Voyages and Promosejours brands, and also offers tailor-made trips on the Directours.com website. NG Travel was founded in 2008 and is based in Paris, France.

Sell -