Deals

Gruppo Marconi

Along all these years of working together, Ethica’s team have become, not only our advisor for the transaction with STEF, but moreover our trusted counsel for key strategic decisions regarding our family’s assets. This is of great value for us

Giuliana Marconi, Owner, Gruppo Marconi

Completion Date
May 2018

Transaction Type
Company Sale

Lead Partner
Cosimo Vitola

Background
Ethica Corporate Finance advised the family owning Gruppo Marconi in selling its core business – including the related real estate assets – to French listed Group STEF.

The family will keep its historical activities in Central Italy which are more focused on raw materials storage.

What Difference Did We Make?
Ethica has been working alongside the Marconi family for over three years, starting with identifying and assessing the best strategic options for them. Ethica’s team supported the family in a lengthy and detailed preparation work to make sure everything was ready to engage in discussions with potential counterparts. After a thorough market scouting and focused discussions with a selected number of potential counterparts, Ethica identified STEF as the best option both to ensure business continuity and development (STEF did not have a presence in cold logistics in Italy and intends to leverage on Marconi’s activities to further grow in the country). It also met the family’s interest in terms of value and structure, as they were keen on divesting the whole business, including the real estate assets

Activity
Gruppo Marconi is Italy’s leader in cold logistics, boasting the single largest cold storage plant in Fidenza (1 mln cubic meters) and a solid cold transport organization. Group’s key customers are leading grocery stores and national and international frozen food producers


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