M&A Deal Summary

PAI Partners Acquires Scrigno

On August 2, 2021, private equity firm PAI Partners acquired building materials company Scrigno from Clessidra Private Equity SGR

Acquisition Highlights
  • This is PAI Partners’ 3rd transaction in the Building Materials sector.
  • This is PAI Partners’ 4th transaction in Italy.

M&A Deal Summary

Date 2021-08-02
Target Scrigno
Sector Building Materials
Buyer(s) PAI Partners
Sellers(s) Clessidra Private Equity SGR
Deal Type Secondary Buyout
Advisor(s) Rothschild Global Advisory (Financial)
Nctm Studio Legale
Linklaters (Legal)

Target

Scrigno

Rimini , Italy
website
Scrigno is a manufacturer and distributor of counter-frames for pocket doors and windows worldwide. Scrigno also manufactures and distributes armored doors. Scrigno was founded in 1989 and is based in Rimini, Italy.

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Buyer(S) 1

Buyer

PAI Partners

Paris, France

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1998
PE ASSETS 16.2B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

PAI Partners is a European private equity firm that makes controlling equity investments in buyout transactions valued in excess of €300 million. PAI is particularly interested in 'investing in consolidating sectors and in markets where growth can be sustained through economic and financial market cycles.' Sectors of interest include consumer retail, professional distribution, building materials, infrastructure and utilities, media, IT, communications, food, consumer goods, healthcare, chemicals, automotive, aeronautics, paper & packaging, electrical appliances, and household equipment (heating, air-conditioning, security). The firms invest in the range of €100 - €300 million transaction. PAI was formed in 1998 and is based in Paris with additional offices in Madrid, Milan, Munich, Luxembourg, Copenhagen, and London.


DEAL STATS #
Overall 78 of 91
Sector (Building Materials) 3 of 3
Type (Secondary Buyout) 35 of 45
Country (Italy) 4 of 5
Year (2021) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 Infra Group

Temse, Belgium

Infra Group provides design, installation, improvement, and maintenance of distribution networks; and offers full turnkey solutions and services to telecommunications, electricity, gas, heating and water operators and local authorities in Belgium. Infra Group was founded in 1966 and is based in Temse, Belguim.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 Tropicana Products

Bradenton, Florida, United States

Tropicana Products is a provider of juices, and brands including Tropicana, Naked, KeVita, Izze, Dole, Copella, and Punica. Tropicana Products was founded in 1947 and is based in Bradenton, Florida.

Buy -

Seller(S) 1

SELLER

Clessidra Private Equity SGR

Milan, Italy

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2003
PE ASSETS 2.5B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Clessidra Private Equity is a private equity firm dedicated to investments in medium to large-sized Italian companies. The Firm looks to commit €40 to €100 million in companies valued up to €500 million. Prospective transaction situations include restructurings, take privates, family-owned buyouts, and consolidations.Clessidra Private Equity was formed in 2003 and is based in Milan, Italy.


DEAL STATS #
Overall 12 of 13
Sector (Building Materials) 1 of 1
Type (Secondary Buyout) 4 of 4
Country (Italy) 12 of 13
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 Casa Vinicola Botter

Venezia, Italy

Casa Vinicola Botter is a privately held bottler and exporter of Italian wine. The Company exports around 98% of its production in more than 70 markets worldwide including US, Germany, UK and the Scandinavian countries. Casa Vinicola Botter mainly sells its products in the off-trade channel, both as supplier of private label and customers' brand products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-06 Viabizzuno

Bentivoglio, Italy

Viabizzuno srl is a renowned designer and producer of innovative interior and exterior lighting solutions. Viabizzuno caters to famous luxury brands, illuminating their retail chain, and collaborates with prominent international architects.

Buy -