Fusioni & Acquisizioni

🏦 Hotelbeds, part of Hbx group, aims to launch an IPO on Spanish stock exchanges aiming to raise €750 million. Indicative offer price ranges from €10.50 to €12.50 per share, targeting a market capitalization between €2.66 and €3.03 billion. Final price determination set for February 10, with the official listing scheduled for February 13.

🏂 In Roccaraso, following an influx of tourists from Campania, a cap of 100 buses per day has been introduced. After disruptive tourist behavior escalated post-viral videos by a well-known TikToker, the Prefecture of L'Aquila implemented a filtering system on state road 17. Concerns over overtourism pertain only to non-skiers; Roccaraso remains a prestigious ski destination.

🏖 Giovanni Tamburi, through Asset Italia 1, exercises pre-emption rights to acquire the entire stake in Alpiholding from ‘Dal 1802’ and secures financial means for Alpiholding to buy shares in Alpitour from ‘Dal 1802’ and ‘Parabensa’. This raises Asset 1's stake in Alpitour to 94.661%, with the total pre-emption holdings representing 36.027% of Alpitour's capital. Alpitour is valued at €565 million. The move follows Alpitour's revenue report showing €2.1 billion, a 7% increase, an EBITDA of €138 million, and projected growth of +15-20% for the current year. Tip's potential total investment could reach €207.2 million.

🏠 Castello Sgr, through the Intracento investment fund, acquired a historic 22,000 square meters building on seven floors at Via Cavour, Rome. The deal is valued at €45 million. Francesco Salamone, co-head of Real Estate & Credit at Castello, highlighted international investor interest and strategic collaboration with Invel, a leading European operator. Shares were subscribed by a major Greek institutional investor and Invel Real Estate, Castello’s partner and Intracento's asset manager. Davide Madini, Invel's partner and country head for Italy, credited success to ongoing dialogue with Greek market lenders aiding efficient capital access.

📦 Bialetti Industrie, an iconic Italian company known for its coffee makers, is in talks with potential investors including NUO Capital, a Luxembourg-based firm. However, no binding agreement has been signed yet. The negotiations are part of a larger effort to reorganize and enhance the company's value, ensuring Bialetti's market leadership and the future stability of its brand. With over 100 years of history, the company emphasizes caution as no official decision has been finalized.

🏨 In 2023, Gruppo ABC, with 14 properties and over 800 rooms, partnered with traveltech startup Hotiday, yielding a €500,000 revenue increase and a 94% occupancy rate, up 4-7% over two years. Hotiday's model involves buying a selected number of rooms (5% of total capacity) and optimizing them with technology like virtual assistants and smart TVs. The partnership expanded in 2024 to seven ABC properties. The Italian hotel sector grew in 2024 with a 54% increase in sold nights and a 63% rise in economic value.

📌 Invel Real Estate & YellowSquare's strategic partnership involves a €200 million investment targeting Italy and Southern Europe to manage 5,000 beds. Invel has experience with over 2,000 keys in the Mediterranean, while YellowSquare has 20+ years in the industry. The new investment vehicle, 100% owned by Invel, will develop assets in Italy, Spain, Greece, and Portugal. The deal is expected to close by Q1 2025. YellowSquare hosted over 100,000 guests in 2023, generating €14.4 million in revenue, a 37% increase from 2022. Upcoming YellowSquare openings include Turin, Venice, and Bologna.

🏠 Pompei, candidate for Italian Capital of Culture 2027, boasts Carmine Lo Sapio as its mayor. The city's pedestrian zone, the largest in Campania, attracts 20-30 thousand daily visitors, peaking at 100,000 on festive weekends. Post-Covid, tourism has become residential with full accommodations year-round, surpassing pre-Covid numbers. Pompei invested €600,000 in nighttime lighting for the archaeological site. The city's security system effectively handles up to 100,000 people during special events.

🏨 Blackstone Group, after acquiring Hotel Investment Partners (HIP) in 2017 from Banco Sabadell, is set to sell its 65% stake, valued at €6.5 billion. Sale options include a private equity transfer or an IPO by year-end. Singapore's sovereign fund GIC, which invested in October 2023, holds the remaining 35%. HIP, based in Barcelona, owns 73 hotels with over 22,000 rooms across Spain, Italy, Greece, and Portugal. Blackstone has invested nearly €750 million in hotel renovations over eight years.

🍷 Edoardo Freddi International, Italy's leading wine export management company, achieved a turnover of over 112 million euros and sold 30 million bottles in 2024, marking an 8.2% growth. Founded in 2012 by Edoardo Freddi, the firm has partnered with Batasiolo, a historic Langhe winery. The company operates in over 110 markets, with significant presence in the USA, Germany, Switzerland, Denmark, Singapore, Japan, and Vietnam.