Fusioni & Acquisizioni

🎢 Disney Group is expanding into the cruise industry with an investment in 4 new ships to be delivered between 2027 and 2031. Disney Cruise Line will add these to its fleet alongside two upcoming ships: the Treasure, debuting in November, and the Destiny, set for the same month the following year. Announced at the latest convention, this news complements forthcoming attractions at Disneyland Paris.

🌋 Juan Josè Hidalgo, president of Spanish group Globalia, faces a rejection from Iberia and IAG group regarding the acquisition of Air Europa. In response, he is crafting a new strategy to grow the company by creating a tour operator to compete with other major Spanish players and boost passengers for Air Europa. Hidalgo is engaging with top investors to develop a high-level project in collaboration with Air Europa, leveraging its strong routes in Central and South America, and various European destinations. After the failed deal with IAG, Globalia is entitled to over 100 million euros in compensation.

🎢 Fincantieri is negotiating with Carnival Corporation to build six new ships, plus two options, to enhance the fleets of Carnival, Aida, and possibly Costa, starting in 2029, with an estimated value of 8 billion euros. In the first half of 2024, Fincantieri's profits rose by 16% to 214 million euros, with stable revenues of 3.68 billion euros. In April, they signed a deal with Norwegian Cruise Line for six ships for Regent Seven Seas Cruises and Oceania Cruises, and a letter of intent for four jumbo ships for NCL.

🏖️ Confindustria Alberghi reported that Italian beach resorts saw bookings by locals rise by 1.5 percentage points and international bookings by 6.3 percentage points compared to 2023. Germany, Switzerland, and France lead the markets, with over 85% of rooms booked during the five weeks of August, and the third week being fully booked. Art cities like Venice, Rome, and Milan experience a decline in occupancy, with Venice at over 72%, then dropping to 65%, Rome starting at 70% and decreasing to 60% from August 12-31, and Milan at 60%, then reducing to 50% in the last three weeks of August.

📈 The sale of Gruppo Alpitour has slowed, with negotiations with Goldman Sachs ongoing for five months. Giovanni Tamburi, the main shareholder, acknowledges a deceleration in the process, stating there's no hurry and all options remain open. Despite the delay, Alpitour exceeded its budget in the first quarter of 2024. Potential buyers have suggested that the company was valued at its peak.

💸 Allianz Partners and Alidays Travel Experience announced a partnership offering travelers multi-risk insurance solutions tailored to different needs with varying coverage levels. These solutions include travel assistance, medical expenses, baggage coverage, delayed delivery, late arrival, return home, continuation of travel, and extended stay. Advanced packages incorporate cancellation and trip interruption, and the most complete package includes access to the allyz digital platform by Allianz Partners. Customers can also enhance their policy with additional medical expense coverage. Davide Catania, CEO of Alidays, emphasizes shared values focused on client welfare. Marco Gioieni, CEO of Allianz Partners Italia, highlights the union of digital innovation and human touch in their offerings.

🚢 Gnv increased its fleet investment by approximately €100 million, totaling €600 million. The company's annual economic impact is €1.36 billion, with internal trade generating €8.2 billion. CEO Matteo Catani announced four new ferries, operational by the end of 2026, with the first delivered in China by October 2024. Passenger capacity enhancement for the second, third, and fourth ferries raises cabin numbers to 450. The order's initial cost of €500 million rose by approximately 20% due to this upgrade. The ferries will minimize emissions and the first two will cut CO2 by 30%, while the fourth with dual fuel LNG by 50%. Gnv Polaris arrives in late 2024, followed by Gnv Orion in summer 2025, Gnv Virgo in 2026, growing the fleet from 25 to 29 ships within two years.

🛠 Idral, a Piedmontese company specializing in public space faucetry, joins the global leader in bathroom products, Gruppo Roca, which operates in over 170 countries. This partnership enhances Idral's international presence, innovative capabilities, and distribution of sustainable, high-quality solutions, especially in the public and commercial bathroom markets. Gruppo Roca's faucet division is strengthened by this acquisition, aligning with their commitment to world-class bathroom solutions and shared values of family, sustainability, and innovation.

✈️ In 2024, the global aviation industry experiences a 10% increase in traffic volumes and revenue growth, according to AlixPartners. However, the sector faces challenges such as delayed new aircraft deliveries, technical issues causing fleet groundings, and high operational costs. Ticket prices in Europe and North America rose 9-12% from 2019. Low-cost market share in Europe reached 56%, but declines are seen in North America, South America, and Asia. Merger and acquisition activities dropped sharply, with a 46% decrease from the previous year and 69% less than the 2019 peak, totaling over €47 billion. AlixPartners anticipates more aggressive private equity funds involvement in 2024.

📌 Human Company, partnering with global real estate firm Hines and Italian private equity operator Clessidra, announces a capital increase of €120 million for new company formation. This marks their entry into outdoor tourism, aiming to expand Human Company's growth. Currently, the company manages 12 properties, projects a €150 million revenue, and anticipates a €40 million EBITDA by 2024 for the open-air tourism segment.