Cosimo Vitola
Ethica Group
Gruppo Marconi
Deal Type
Company sale
Sector
Business Services
Completion Date
3rd May 2018
Deal Value
Not disclosed
Company Background
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
Deal Summary
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.
Value Added
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
