Clessidra SGR has signed a definitive agreement to sell all outstanding shares of ABM Italia to funds advised by BC Partners through their participation in Keter Group.
ABM Italia is one of Europe's leading manufacturer of high-end resin storage systems for domestic/office applications such as cabinets, shelves and storage boxes.
Matteo Ricatti, managing director at Clessidra, says: “We are delighted to have reached this agreement. We also feel privileged to have accompanied ABM Italia in its transformation from an entrepreneurial to a managerial organisation. This acquisition by BC Partners marks a new era for the company.”
Mario Fera, CEO of Clessidra, says: “The ABM Italia transaction is a clear example of how Clessidra can add value to its portfolio companies. We privately sourced the acquisition of ABM Italia, supported the growth of the company and accelerated its international development.”
Closing of the transaction is expected by the first half of 2017 after the clearance of the competent Authorities.
The deal team at Clessidra included Matteo Ricatti, Alessandro Matteo and Maurizio Fanetti. Clessidra was advised by Studio Gatti Pavesi Bianchi for legal matters and Studio Pirola for tax matters.
