CLIENT: Istituti di Credito

TRANSACTION: M&A

DATE: March 2017

SECTOR: Consumer and Retail

Mandate:
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.

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