- Client:Eldor Group
Debt Advisory e Restructuring
- Date:November 2023
- Deal Description:
Vitale acted as financial advisor to the ELDOR Group in a capital structure strengthening project, realised through the sale of the business unit Electric Hybrid Systems (“EHV Systems”) to the US listed group BorgWarner and with the support of the creditor banks.
Founded in 1972 by Pasquale Forte, the ELDOR Group ("ELDOR" or the "Group") is an international leader in the manufacture of electronic components for the automotive industry. The Group operates with offices in Italy, Turkey, USA, China and Brazil and employs over 3,000 people.
ELDOR, with a turnover of over €500 million, develops and manufactures a wide range of ignition systems for major players in the automotive industry. The Group's main customers include Volkswagen, BMW, Ferrari, General Motors and Stellantis.
The strengthening of the capital structure included the support of the banks and the use of the proceeds resulting from the sale of the EHV Systems BU to start the deleveraging path and to support the expansion of the working capital in line with business growth.
- Deal Value: