M&A Deal Summary

MW Acquires Klopman International Srl

On May 2, 2008, MW acquired apparel/textiles company Klopman International Srl from Value Italy SGR and BS Private Equity for 107M USD

Acquisition Highlights
  • This is MW’s 1st transaction in the Apparel/Textiles sector.
  • This is MW’s largest (disclosed) transaction.
  • This is MW’s 1st transaction in Italy.

M&A Deal Summary

Date 2008-05-02
Target Klopman International Srl
Sector Apparel/Textiles
Buyer(s) MW
Sellers(s) Value Italy SGR
BS Private Equity
Deal Type Add-on Acquisition
Deal Value 107M USD

Target

Klopman International Srl

Frosinone, Italy
website
The company is active since the ‘60 in the production and sale of clothing for work. In the late 90s Klopman fell under the control of U.S. multinational clothing Galey & Lord helps to affirm that among the European leaders in the production and marketing of polyester-cotton fabrics and cotton clothing mainly for work

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Buyer(S) 1

Buyer

MW

Mumbai, India

website


Category Company
DESCRIPTION

MW Corp is a generation next enterprise founded by Mr. Mukul Kasliwal and Mr. Warij Kasliwal, scions of one of India's leading business families.


DEAL STATS #
Overall 1 of 1
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Italy) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 2

SELLER

Value Italy SGR

Florence, Italy

website


Category Private Equity Firm
Founded 2001
PE ASSETS 400M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Value Italy is a private equity firm focused on acquiring and investing in small to mid-sized Italian companies. The Firm does not have any sector and generally looks to leverage its network and expertise when pursuing strategies for growth. Value Italy was formerly known as MPVenture. Value Italy was formed in 2001 and is based in Florence.


DEAL STATS #
Overall 3 of 10
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 3 of 7
Country (Italy) 3 of 9
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-01 Sempla

Montecatini Terme, Italy

Sempla works in the Information Technology sector offering IT consulting and development and provision of application management services as an outsourcer and system integrator. The Group provides turnkey application solutions that are highly personalised. It is mainly focused on the banking and insurance sectors. Sempla was founded in 1980 and is based in Montecatini Terme, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-01 Dynamic Technology

Hartland, United States

Dynamic Technology, Inc. provides metrology and measurement equipment calibration and repair services.

Buy -
SELLER
DESCRIPTION

BS Private Equity is a private equity firm that targets management buyouts and buy-ins of Italian manufacturing and service based businesses. BS Private Equity began investing in 1989 and today looks for businesses requiring an average equity investment of €30 million. BS Private Equity was formed in 1989 and is based in Milan. BS Private Equity has been in liquidation since 2011.


DEAL STATS #
Overall 3 of 14
Sector (Apparel/Textiles) 1 of 2
Type (Add-on Acquisition) 2 of 5
Country (Italy) 2 of 12
Year (2008) 1 of 1
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-01 PM Group

San Cesario sul Panaro, Italy

The PM group is a provider of equipment for lifting and aerial works. PM operates through three divisions: PM Group, Oil&Steel and Pilosio. PM Group is the market leader in Italy and the fourth producer worldwide, generating 51% of its turnover in more than 60 foreign countries. Oil&Steel, active in the production of aerial platforms for trucks, is a fast-growing division, thanks to a highly innovative approach that allowed it to quickly win the leadership in the Italian market. Pilosio is one of the historical competitors in the scaffolding (including mastclimbing) and formwork sectors.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-01 Tinet

Cagliari Area, Italy

Tinet SpA is a provider of wholesale Internet connectivity services to telecom and media customers. The company has a global presence, with a special focus on Western Europe and North America, through a network of 80 points of presence (“POPs”).

Buy -