CLIENT: Istituti di Credito


DATE: March 2017

SECTOR: Consumer and Retail

Assistance to the sellers in the sale of Targetti Sankey S.p.A., company leader in the indoor and outdoor architectural lighting sector. IDeA Corporate Credit Recovery I, first italian DIP (Debtor-in-Possession) Financing close-end fund, managed by IDeA Capital Funds SGR, has completed the investment in Targetti Sankey S.p.A. in the contest of a debt restructuring process of the company, which in 2016 generated revenues of approx. € 50 million, with ca. 300 people and two production plants in Italy, and has a strong international presence through its subsidiaries in USA, UK, France, Spain, Russia and China.

Activities performed:
assistance in the economic and financial analyses;
assistance in the research of potential bidders;
origination of the transaction and assistance in defining thestructure and the terms of transaction;
assistance in the management of due diligence activities;
assistance in the negotiations and definition of the agreement with the counterpart;
cooperation with legal consultants in the revision, negotiation and definition of the legal documentation.

Deal value: n.a.