M&A Deal Summary

Ardian Acquires Sicer

On January 14, 2025, private equity firm Ardian acquired building materials company Sicer from Azimut Libera Impresa

Acquisition Highlights
  • This is Ardian’s 16th transaction in the Building Materials sector.
  • This is Ardian’s 37th transaction in Italy.

M&A Deal Summary

Date 2025-01-14
Target Sicer
Sector Building Materials
Buyer(s) Ardian
Sellers(s) Azimut Libera Impresa
Deal Type Secondary Buyout
Advisor(s) Ernst & Young Capital Advisors (Financial)

Target

Sicer

Modena, Italy
Sicer is a producer of specialty coatings for the high-end ceramic industry. The company specializes in the development and production of innovative, high-performance solutions for the surface treatment of high-end ceramic tiles, such as frits, glazes, grits, and inks. Sicer was founded in 1993 and is based in Modena, Italy.

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Buyer(S) 1

Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 462 of 464
Sector: Building Materials M&A 16 of 16
Type: Secondary Buyout M&A Deals 154 of 155
Country: Italy M&A 37 of 37
Year: 2025 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-08 Synergie Cad

Carros, France

Synergie Cad engages in design, manufacturing and servicing of highly specialized hardware for the semiconductor test industry, catering to the technological needs of firms involved in sectors as varied as aeronautics, the car industry, defense or consumer goods. Synergie Cad was founded in 1986 and is based in Carros, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-04 Ariane

Le Pre Saint Gervais, France

Ariane is a provider of self-check-in/check-out technology solutions for the hospitality industry. Ariane was founded in 2001 and is based in Le Pre Saint Gervais, France.

Sell -

Seller(S) 1

DESCRIPTION

Azimut Libera Impresa is a private equity and alternative asset management firm specializing in investments across Italy. The Firm offers a range of retail-access private investment vehicles that allow individual and institutional investors to finance businesses at various stages of growth, providing an alternative to traditional financing channels. Azimut Libera Impresa was formed in 2009 and is based in Milan.


DEAL STATS #
Overall 1 of 1
Sector: Building Materials M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: Italy M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-22 Next Imaging

Italy

Next Imaging is a distribution platform of imaging and machine vision solutions.

Buy -