* Amici e bei momenti: This is a very literal translation and generally works well. "Amici" means friends and "bei momenti" means beautiful/good moments.
* Amici e momenti felici: This translates to "friends and happy moments," emphasizing the happiness aspect.
* Amici e divertimento: This translates to "friends and fun," focusing on the enjoyable activities.
* Buona compagnia e bei momenti: This translates to "good company and beautiful moments," "Buona compagnia" being a more elegant way of saying "good friends" or "pleasant company."
The best option depends on the context. If you can provide more context (e.g., a sentence where you'd use this phrase), I can give you a more precise translation.