

Fausto Rinallo
Ethica Group
Sebach, founded in 1987 in Certaldo (FI) and leader in the rental of mobile bathrooms, has a network of ca. 80 dealers and more than 1,500 rental points in Italy, handling over 25,000 toilets a day. Since 2011 it has also been based in France, since 2013 in India and since 2016 in Morocco. Armal, founded in 1987 in Certaldo and active in the production and sale of portable toilets, today has a production capacity of about 360 portable toilets per day and exports its products to more than 130 countries worldwide.
Ethica Corporate Finance advised the PE Funds (LBO France, Yarpa, HAT) owning the majority of the share capital of Ylda Group (an Italian Group including Sebach and Armal) in the sale to the English PE Fund Alchemy.
The closing of the transaction, which took place on July 30th, will give the green light to the group for investments and acquisitions both in Italy and in France, with the aim of increasing the leadership of the brands at a global level in the portable toilets sector and in other sectors.