M&A Deal Summary

Star Capital SGR Acquires Codyeco

On July 1, 2013, asset manager Star Capital SGR acquired chemicals company Codyeco

Acquisition Highlights
  • This is Star Capital SGR’s 2nd transaction in the Chemicals sector.
  • This is Star Capital SGR’s 11th transaction in Italy.
Investment Fate
  • Codyeco was sold to a strategic buyer in 2017.

M&A Deal Summary

Date 2013-07-01
Target Codyeco
Sector Chemicals
Buyer(s) Star Capital SGR
Deal Type Buyout (LBO, MBO, MBI)

Target

Codyeco

Santa Croce sull'Arno, Italy
website
Codyeco S.p.A. is a manufacturer of quality chemicals used in all stages of the natural leather tanning process, mainly for high-end shoes, bags, and clothes. Codyeco was established in 1976 and is based in Santa Croce sull'Arno, Italy.

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Buyer(S) 1

Buyer
DESCRIPTION

Star Capital is a private equity firm focused on lower middle-market acquisitions of Italian companies. The Firm targets profitable businesses with €3 to €10 million of EBITDA and €20 to €50 million of revenue. Star Capital is a generalist investor, however the Firm will not consider early-stage or distressed companies. Star Capital was formed in 2000 and is headquartered in Milan.


DEAL STATS #
Overall 13 of 22
Sector (Chemicals) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 11 of 19
Country (Italy) 11 of 20
Year (2013) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-01 GIA

Trecate, Italy

GIA S.p.a designs, produces and sells patented and technologically advanced systems for the plumbing, heating and sanitary sector and hydraulic, industrial and electrical plant engineering for more than 30 years.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-10 CastFutura

Terno D'isola, Italy

CastFutura S.p.A. is a manufacturer of components for appliances and heating equipment, with leading market positions in Europe, Middle East, North Africa and Poland. The company is based in Italy, and it has manufacturing facilities in Italy, Hungary, Egypt, Bulgaria and Poland.

Buy €25M