Tuttoambiente: Xenon Forms Ekofuture with Strategic Acquisitions
Deal News | Jul 10, 2025 | Finance Community IT - 3 Private Equity

Xenon Private Equity Small Cap, a private equity fund managed by Xenon Private Equity, renowned for its focus on B2B services, has acquired majority stakes in three Italian environmental consulting firms: Tuttoambiente, Ecoricerche, and Tea Consulting. Tuttoambiente is known for its environmental legal training and consultation, whereas Ecoricerche specializes in environmental permits, and Tea Consulting operates in environmental consulting, territory design, and workplace safety. As reported by Il Sole 24 Ore, Xenon concurrently launched Ekofuture, an environmental consulting holding poised to reinvest with the entrepreneurs from the acquired firms. Ekofuture aims to assist Italian enterprises with environmental compliance challenges by offering innovative solutions. The company, boasting over 200 clients, has an aggregated revenue of approximately 16 million euros. The transaction was financed by Banco BPM.
Sectors
- Private Equity
- Environmental Consulting
Geography
- Italy – The companies acquired by Xenon are Italian, and the newly formed holding, Ekofuture, is based in Italy.
Industry
- Private Equity – The article discusses an acquisition made by a private equity firm, highlighting their role in business growth and restructuring.
- Environmental Consulting – The acquired companies and newly formed holding are part of the environmental consulting sector, providing legal, regulatory, and safety advice.
Financials
- 16 million euros – Aggregate revenue of the companies involved in the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Xenon Private Equity | PE Firm | Company | A private equity firm specializing in B2B service industry acquisitions. |
| Tuttoambiente | Target Company | Company | An Italian company active in environmental legal training and consultation. |
| Ecoricerche | Target Company | Company | Specializes in environmental permits and consulting. |
| Tea Consulting | Target Company | Company | Operates in environmental consulting, territory design, and workplace safety. |
| Ekofuture | Holding Company | Company | A newly formed holding company to aid with environmental compliance for Italian businesses. |
| Banco BPM | Financial Institution | Company | The bank that financed the acquisition transaction. |