Key Takeaways
- • SAC, the operator of Catania-Fontanarossa and Comiso airports, expects to receive binding offers for a 51% stake by 20 November 2026 via its advisor Mediobanca, according to BeBeez.
- • Interested bidders for the SAC stake include Mundys (Edizione and Blackstone), Save (Ardian and Finint Infrastrutture), 2i Aeroporti (F2i, Asterion and CDP Equity), Vinci Airports, Corporacion America Airports with Mada International Holding, and Adani Airport Holdings.
- • BeBeez previously estimated SAC could be worth 500 million euros and require at least 1.3 billion euros of infrastructure investment.
- • Press reports said Francisco Partners acquired about 10% of TeamSystem and KKR a 5% stake, at an enterprise value of 8 to 10 billion euros.
- • Underdog Global Partners, led by Matt Rizzetta, remains interested in SSC Napoli with a possible 1.5 to 1.6 billion euro bid, despite chairman Aurelio De Laurentiis saying the club is not for sale.
Summary
SAC, the manager of Catania-Fontanarossa and Comiso airports in Sicily, expects to receive offers for a 51% stake by 20 November, Friday, through its advisor Mediobanca, according to BeBeez's weekly Italian private equity roundup. The asset has drawn interest from a broad group of infrastructure investors. Mundys is backed by Edizione and Blackstone; Save by Ardian and Finint Infrastrutture; and 2i Aeroporti by F2i, Asterion and CDP Equity. Vinci Airports, Corporacion America Airports together with Mada International Holding, and Adani Airport Holdings are also reported as interested parties. BeBeez previously said SAC could be worth 500 million euros and require infrastructure investments of at least 1.3 billion euros. The company has also attracted reported interest from Royal Schiphol Group, Macquarie European Infrastructure Fund, Mag Overseas Investment and Oman Airports Management Company.
In the same roundup, Press reports said Francisco Partners and KKR bought minority stakes in TeamSystem, a portfolio company of Hellman & Friedman, Silver Lake, Abu Dhabi Investment Authority and CapitalG. Francisco Partners reportedly acquired about 10%, while KKR invested for about 5%, on an enterprise value of 8 to 10 billion euros. Tommaso Cohen is CEO of TeamSystem and Federico Leproux is executive chairman.
Finally, Underdog Global Partners, headed by Matt Rizzetta, is still interested in acquiring Italian football club SSC Napoli, with a possible bid of 1.5 to 1.6 billion euros backed by Ariel Investments and other co-investors. Chairman Aurelio De Laurentiis has reiterated the club is not for sale. Rizzetta reportedly said UGP would not negotiate beyond early 2027, and could otherwise target other Campania clubs such as Juve Stabia or Real Aversa.
In the same roundup, Press reports said Francisco Partners and KKR bought minority stakes in TeamSystem, a portfolio company of Hellman & Friedman, Silver Lake, Abu Dhabi Investment Authority and CapitalG. Francisco Partners reportedly acquired about 10%, while KKR invested for about 5%, on an enterprise value of 8 to 10 billion euros. Tommaso Cohen is CEO of TeamSystem and Federico Leproux is executive chairman.
Finally, Underdog Global Partners, headed by Matt Rizzetta, is still interested in acquiring Italian football club SSC Napoli, with a possible bid of 1.5 to 1.6 billion euros backed by Ariel Investments and other co-investors. Chairman Aurelio De Laurentiis has reiterated the club is not for sale. Rizzetta reportedly said UGP would not negotiate beyond early 2027, and could otherwise target other Campania clubs such as Juve Stabia or Real Aversa.
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