Fausto Rinallo
Ethica Group
Phoenix International
Deal Type
Company sale
Sector
Industrials
Completion Date
20th May 2019
Deal Value
Not disclosed
Company Background
Founded in 1972 and headquartered in Verdello, Italy, Phoenix is the European leader in the design, manufacturing and sale of aluminium extrusion dies for the construction, transportation and industrial markets, with a complete portfolio of products and a focus on complex and technologically advanced dies. The Group generated ca. €90 mln in revenues in 2018.
Deal Summary
Ethica Corporate Finance advised Chequers Capital, one of Europe’s leading private equity investors, in the sale of its portfolio company Phoenix International to private equity firm Ambienta SGR.
This transaction marks a very successful milestone for Chequers Capital after only 3 years from the initial investment; the fund will also remain invested alongside Phoenix' management team and the new majority shareholders.
Value Added
Having acted as sell-side advisor also in the previous process back in 2016 when Chequers acquired the Group, Ethica has been able to leverage on a solid knowledge of the asset and its reference market, coupled with a strong relationship with the management team.
Ethica supported Chequers and the management in identifying the best solution not only to fulfil sellers’ expectations, but also and moreover, by scouting for the best partner to back the Group and the management team going forward in their ambitious further growth plans.
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