- Client:Gruppo Mondadori
- Date:June 2022
- Deal Description:
Vitale advised Gruppo Mondadori in the acquisition of a 51% stake in Edizioni Star Comics
On June 30, 2022, Gruppo Mondadori acquired a 51% stake in Edizioni Star Comics S.r.l. ("Star Comics").
Star Comics, based in Bosco (Perugia), is Italy's leading comic books publisher, specializing in the publication in the domestic market of the most important international productions including, in particular, Japanese manga. In 2021 Star Comics reported revenues of 21.6 million euros, EBITDA of 7.2 million euros, net income of 5.1 million euros, and a positive net financial position (cash) of 4.3 million euros.
Gruppo Mondadori is among the leading European media companies and is the largest publisher of books and magazines in Italy. In particular, it has more than 2,400 titles and 32 brands. It is listed on the Milan Stock Exchange and generated revenues of more than 800 million euros in 2021.
The deal enables Gruppo Mondadori to achieve a leading position in the Italian comics segment, the most dynamic area of the publishing sector, characterized by a growth of 17% between 2019 and 2021 and 30% in the first four months of 2022.
Vitale acted as Gruppo Mondadori's financial advisor, offering support in coordinating due diligence, structuring the deal and in the negotiation phases.
- Deal value: