Luca Casiraghi

Scammers used an artificial intelligence voice tool to impersonate Italy’s Defense Minister Guido Crosetto and his staff in an attempt to persuade some of the nation’s top businessmen to wire money overseas.

BC Partners Holdings, Permira Holdings and TPG Inc. are among private equity firms that made initial offers for Italian biochemical firm Sicit Group SpA, according to newspaper Sole 24 Ore.

German packaging company Kloeckner Pentaplast reached a deal to extend the maturity of its riskiest slice of debt as inflation and waning demand put pressure on its business.

Supervisors are growing increasingly concerned about the risk of bubbles in private markets

Cruise billionaire Manfredi Lefebvre d’Ovidio won an Italian supreme court ruling set to end a long-running dispute over the family fortune.

Italy’s parliament passed a bill that will impose prison terms on parents who use surrogates to have children abroad — even if the process was carried out legally.

Wholesaler True Value Co. filed for bankruptcy in Delaware on Monday as it seeks to sell its business to rival Do it Best Corp.

Private credit fund manager Blackstone Inc. is nearing a deal to provide a debt package of more than €250 million ($329 million) to refinance the existing debt of Wateralia SpA, in the latest example of an Italian borrower seeking financing from a direct lender.

Italy’s appeal for international investors in private markets is growing, according to Blackstone Inc.’s country Chairman Andrea Valeri.

Bruising encounters with European tycoons like Patrick Drahi and Paul Coulson mean many creditors have fallen out of love with individual business builders.