M&A Deal Summary

Atlantis Capital Special Situations Acquires Desa

On May 29, 2009, distressed investor Atlantis Capital Special Situations acquired manufacturer Desa

Acquisition Highlights
  • This is Atlantis Capital Special Situations’ 1st transaction in the Manufacturing sector.
  • This is Atlantis Capital Special Situations’ 2nd transaction in Italy.

M&A Deal Summary

Date 2009-05-29
Target Desa
Sector Manufacturing
Buyer(s) Atlantis Capital Special Situations
Deal Type Special Situations/Distressed
Advisor(s) Altium Capital Ltd. (Financial)

Target

Desa

Pastrengo, Italy
Desa is a manufacturer and distributor of movable space heaters for professional use. Desa is based in Pastrengo, italy.

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Buyer(S) 1

DESCRIPTION

Atlantis Capital Special Situations is an Italian private equity firm focused on businesses with good growth prospects but in need of restructuring or operational improvement. Target companies typically have revenues of at least €30 million. Atlantis looks to acquire controlling stakes and does not have any sector preferences. Atlantis Capital Special Situations is based in Milan.


DEAL STATS #
Overall 2 of 3
Sector: Manufacturing M&A 1 of 1
Type: Special Situations/Distressed M&A Deals 2 of 3
Country: Italy M&A 2 of 3
Year: 2009 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-12 Gio’Style

Urgnano, Italy

Gio'Style is active in the planning, production and sale of plastic articles for the household products and outdoor sector. Gio’Style was founded in 1949 and is based in Urgnano, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-23 Making Energy

Torino, Italy

Making Energy is a contractor in the photovoltaic sector in Italy. It designs and constructs medium/large photovoltaic plants for ground and roof installation. Making Energy was founded in 2005 and is based in Torino, Italy.

Buy -