Vitale acted as financial advisor to Gruppo Panaria in a project aimed at strengthening the Group’s financial structure, implemented through the recapitalization of the Group and supported by its lending banks.

Panariagroup is an international leader in the production and distribution of high-end ceramic surfaces for floors and wall coverings. With revenues in excess of €400 million, the Group operates through 7 production facilities — 3 in Italy, 3 in Portugal and 1 in the United States — and sells its products in over 130 countries worldwide through a well-established commercial network. The Group employs approximately 1,700 people, of whom around 750 are based in Italy and a total financial indebtedness of approx. €300 million.

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