Cobepa, a Belgian investment company backed by large entrepreneurial European families, has acquired a majority stake in Salice from owners Francesca, Massimo and Sergio Salice.
The family shareholders have grown the almost 100-year old business, which specialises in furniture fittings, opening systems and wardrobe accessories, into a market leader reaching a consolidated revenue of more than €200 million in 2021. Partnering with Cobepa will reinforce Salice’s leading market position and help unlock further growth opportunities, in terms of both geographical expansion and penetration of new market segments.
The Salice family will remain as minority shareholders and, to ensure a correct transition and guarantee managerial and operational continuity, Francesca, Massimo and Sergio Salice will maintain their current roles within the company.
The transaction was financed by a syndicate of banks consisting of UniCredit, Natixis, Credit Agricole, Intesa Sanpaolo and Deutsche Bank as Mandated Lead Arrangers and Bookrunners. UniCredit is acting as Agent and Security Agent. Gattai, Minoli, Partners advised the banking pool.
