In a landmark transaction, Italy’s largest gas distribution company, Italgas, has announced its acquisition of 2i Rete Gas, the nation’s second-largest natural gas distribution operator, for €5.3 billion. This strategic transaction, which encompasses the assumption of substantial debt, signifies a significant consolidation effort within Italy’s energy sector, thereby creating a leading European gas distribution powerhouse. […]
Private equity firm Ardian said that through its affiliate Ardian Expansion has acquired a majority stake in Finaxy, a French insurance broker, from Equistone Partners Europe, for an undisclosed price. Established in 2009 by Erick Berville, Finaxy is claimed to have become one of the top 10 insurance brokers in France after Equistone’s acquisition of […]
French private equity company Ardian has agreed to sell European hotel cosmetics manufacturer ADA Cosmetics (ADA International) to Austria-based investment firm Moonlake Capital for an undisclosed price. Ardian said that the management team of the hotel cosmetics manufacturer will continue to be shareholders of the company. The French private equity company through the Ardian Expansion […]
Food acquisition news : Ardian, a France-based private equity firm has struck a couple of deals to acquire two Spanish bakery companies – Berlys and Bellsola which it plans to merge into a single entity. Ardian nor the bakery companies have revealed the financial aspects of their deals. According to food industry news updates, both […]
