The shareholders of Officine Maccaferri (OM), including the global credit platform of Carlyle, Stellex Capital Management and credit funds managed by Man Group’s Man GLG, have agreed to sell the company to Ambienta.
The current shareholders acquired ownership of OM following an auction for the equity in 2020. Financial details of the transaction — which remains subject to customary regulatory approvals but is expected to close in Q2 2024 — have not been disclosed.
Founded in 1879 and headquartered in Bologna, Italy, OM is a specialist in sustainable engineering solutions, widely recognised for manufacturing a diverse range of environmentally friendly products for civil and urban infrastructure, transportation, and environmental protection, as well as coastal & river control. The company reported annual sales of over €600m in 2023 and operates across more than 130 countries, with around 3,000 employees and more than 20 production sites worldwide.
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Lazard acted as lead financial advisor to the current shareholders in relation to the transaction. The shareholder group and company also received financial advice from Baird. Latham & Watkins acted as legal advisor to the shareholder group.
Source: Privat Equity Wire
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