Fusioni & Acquisizioni

📍 In January 2025, passenger demand in the airline industry rose by 10%, with overall capacity increasing by 7.1% compared to the previous year, according to IATA. The January load factor reached a record 82.1%, a 2.2 percentage point increase from January 2024. International demand grew by 12.4% year-on-year, while domestic demand saw a 6.1% increase. Asia-Pacific airlines led with a 21.8% rise in demand and an 86.7% load factor. Latin American airlines followed with a 12.9% increase in demand. European carriers saw an 8.6% rise; Middle Eastern carriers, a 9.6% increase; and African airlines, a 14.9% increase. North American airlines had a modest 3.8% rise in demand.

🏨 Garibaldi Hotels, founded in 2013 in Puglia, Italy, operates 14 properties with over 1,200 rooms. Led by CEO Fabrizio Prete and President Egidio Ventimiglia, the group formed Garibaldi Hotels Spa in 2018. As of 2023, the company generated a revenue of €18 million, a 35% increase year-over-year, and a 75% increase including the Hilton Garden Inn in Lecce. Room revenue hit €14.2 million, a 70% rise, with the group's EBITDA reaching €1.21 million, up 170%. The ROI and ROS grew by 181% and 114% respectively. A new hotel opening in Rome is planned for 2025, aiming for a 20% growth and 30% revenue increase.

🍸 The Garibaldi cocktail, experiencing a resurgence, is a balance of bitter Campari and sweet orange juice. Initially popular in Southern Italy, the drink's origins are debated but likely emerged in the 1960s. It was officially listed by the International Bartenders Association (IBA) in 1986 and popularized by the Dante bar in New York. In 2015, Dante's success led to the Garibaldi's revival. The IBA recipe calls for 45 ml Campari and 120 ml fresh orange juice, garnished with an orange slice. Variations abound, incorporating different juices and modifiers like Chartreuse or calamansi puree.

📦 Prosus, a global tech company, announced it has reached a conditional agreement to acquire Just Eat Takeaway.com for €20.30 per share, a 49% premium over the 3-month weighted average price as of February 21, 2025, aiming to create the world's fourth-largest food delivery group. The all-cash offer will be made on the Amsterdam Stock Exchange. Prosus already invests over $10 billion globally in the food delivery sector, extending to more than 70 countries and serving over 1 million restaurants. Just Eat Takeaway.com operates in 17 markets, connecting 61 million customers with over 356,000 local partners, and generated €26.3 billion in GTV (€18.9 billion excluding Grubhub) and an adjusted EBITDA of €460 million (€313 million excluding Grubhub) in 2024.

✈ Ita Airways partners with Lufthansa Group, offering codeshare flights with Lufthansa, Swiss, Austrian Airlines, Brussels Airlines, and Air Dolomiti starting March 30. Joerg Eberhart, CEO of Ita Airways, aims to enhance customer travel experience and connectivity with access to over 100 new destinations, including key Italian regions like Sicily, Sardinia, Calabria, and Puglia. Volare loyalty members and 36 million Miles & More members can earn and use points on these flights, with extra points available from March 1 to April 15, 2025.

🏩 Ita Airways, under CEO Joerg Eberhart, is finalizing its industrial plan crafted by Lufthansa, set to unveil in 2 months, outlining a 5-year project trajectory. This marks the first plan featuring the German company's signature, with Eberhart revealing ongoing talks with union parties seeking industrial peace. Lufthansa's strategic approach mirrors its historical conduct with previous acquisitions like Swiss and Austrian, and they're currently eyeing Air Europa as well.

🏖️ Welcome Travel merged with Geo in 2021, Robintur joined Gattinoni in 2022, reshaping the Italian travel market. Chinasia was acquired by Idee per Viaggiare, Kel 12 gained I Viaggi di Maurizio Levi and Tucano, Shiruq was integrated into Mappamondo, all in 2023. Ruta40 formed Blufennec through acquisitions including CarréBlu, Gabbiano Livingston, and Upperail. MSC acquired a 50% stake in Italo in April 2024, after announcing the deal in October 2023, and showed interest in Alpitour. LMDV Hospitality Group took 100% of Twiga, merging Triple Sea Food with Majestas Group's Twiga.

🏡 LVG Hotel Collection announced the incorporation of the Hotel Pallanza in Verbania into its portfolio, marking its 11th hotel and 4th on Lago Maggiore. This addition brings the total room count in the area to 190 and projected 2024 revenue to €7.24 million. Hotel Pallanza, with 51 rooms, offers lake views, free Wi-Fi, minibar, air conditioning, and satellite TV. The hotel's restaurant blends tradition with innovation, complemented by a selection of local wines.

🍳 Gruppo Eurovo acquired Waffelman, with a 2024 turnover above €2.6M, marking a 28% increase from the previous year. Waffelman is based in Monsummano Terme, Pistoia, and specializes in breakfast bakery products. Eurovo, an egg and ovoproducts specialist with over 70 years of history under the Lionello family, aims to expand its business and strengthen its presence in the food sector. In 2023, Eurovo reported a revenue of €1.277B, employs more than 2,000 people, and serves over 5,000 clients across 40+ countries. The headquarters are in Imola, and the main production facility is in Occhiobello. The company also has a B2C segment with Naturelle, ProUp, Lolli brands, and a B2B focus through Eurovo Service and Maia Professional, operating across 20 facilities in Europe.

🍵 Bazzara, Trieste-based artisan roastery, launches Rarity Line of exclusive single-origin coffees, featuring Nepal Himalaya, Jamaica Blue Mountain, and Panama Geisha—signifying less than 0.01% of the global coffee market. Celebrated at the Luxury Food&Beverage Quality Awards 2023 and 2024, these coffees are hand-picked at elevations up to 2300 meters and slow-roasted. The specialty coffee segment records a 10% annual increase with a growing demand for superior 100% Arabica.