Monthly M&A Insider - Mergermarket

Top deals
Top 15 Italian announced deals for YTD 31 March 2009
Italy
Announced Status Target company Sector Bidder company Seller company Exit multiples (x) Bid premia
Revenue EBITDA P/E
1-day before
12-Feb-09 P Italgas SpA; and Stogit
SpA
23-Feb-09 P Alleanza Assicurazioni
Spa
12-Jan-09 C Alitalia SpA (25%
stake)
28-Jan-09 C Seat Pagine Gialle SpA
(Undisclosed Stake)
16-Mar-09 P Banca Italease SpA
(69.30% stake)
27-Mar-09 P CastelMac S.p.A.;
Frimont S.p.A.; and
Scotsman Group
13-Jan-09 P Ecolevante SpA; and
Waste Recycling SpA
4-Mar-09 C IW Bank Spa (32.47%
stake)
19-Feb-09 P Banca Profilo SpA
(42% stake)
Energy, Mining
& Utilities
Financial
Services
Snam Rete Gas
SpA
Assicurazioni
Generali SpA
Deal value
(€m)
ENI SpA - 4,720
0.8 n/a 8.9 2.6% 3,640
Transport Air France-KLM SA - 323
TMT CVC Silver
Nominee Limited;
Investitori Associati
SpA
BC Partners Ltd - 200
Financial
Services
Banco Popolare n/a n/a 14.0% 174
Industrials &
Chemicals
Industrials &
Chemicals
Financial
Services
Financial
Services
12-Feb-09 P All Pneus S.r.l. Industrials &
Chemicals
2-Feb-09 C Intesa Sanpaolo (13
branches in Liguria)
13-Feb-09 C Livingston Aviation
Group
2-Feb-09 P IntesaTRADE S.I.M.
S.p.A.
Financial
Services
Warburg Pincus
LLC
Manitowoc
Company Inc.
- 120
LBO Italia - 82
Ubi Banca n/a n/a 19.9 40.09% 71
Sator SpA n/a n/a -51.22% 70
Fintyre SpA Orobica Finance
S.r.l.
Banco di San
Giorgio SpA
Transport Ellemme Group
Spa
Financial
Services
Banca Popolare di
Milano Scarl
Intesa Sanpaolo
SpA
I Viaggi del
Ventaglio SpA
Intesa Sanpaolo
SpA
- 60
n/a n/a - 60
- 59
n/a n/a - 45
9-Mar-09 C Tundra srl Real Estate Api Real Estate n/a n/a - 36
30-Mar-09 P IPI spa (51.18% stake) Real Estate Banca
Intermobiliare di
Investimenti e
Gestioni SpA
n/a n/a 2.36% 27
C = Completed; P = Pending; L = Lapsed
Monthly M&A report – 136