M&A Deal Summary

China Glass Holdings Acquires Olivotto Ferrè

On September 27, 2018, China Glass Holdings acquired machinery company Olivotto Ferrè from Star Capital for 21M EUR

Acquisition Highlights
  • This is China Glass Holdings’ 1st transaction in the Machinery sector.
  • This is China Glass Holdings’ largest (disclosed) transaction.
  • This is China Glass Holdings’ 1st transaction in Italy.

M&A Deal Summary
Date 2018-09-27
Target Olivotto Ferrè
Sector Machinery
Buyer(s) China Glass Holdings
Sellers(s) Star Capital
Deal Type Add-on Acquisition
Deal Value 21M EUR

Target

Olivotto Ferrè

Avigliana, Italy
Olivotto Ferrè S.p.A. provides engineering, manufacturing, installing and commissioning of hollow glass forming plants, systems and machines and is an all-round technological partner, that can address most effectively any problem to do with the production of a variety of glass articles like stemware, tumblers, dishes, bowls, lamps and bulbs, glass tubes, glass bricks, insulators etc.

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Buyer(S) 1

Buyer

China Glass Holdings

Hong Kong, China
Category Company
Founded 2004
Sector Manufacturing
Employees4,774
Revenue 5.3B CNY (2023)
DESCRIPTION

China Glass Holdings manufactures a wide range of products, including colorless transparent glass, body tinted glass, energy-saving coated glass, automotive glass, mirror glass, electronic glass, photovoltaic glass, home appliance glass, medical glass, etc. China Glass Holdings was founded in 2004 annd is based in Hong Kong, China.

DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Italy) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Star Capital

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 2000
PE ASSETS 401M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Star Capital is a private equity firm focused on lower middle-market acquisitions of Italian companies. The Firm targets profitable businesses with €15 to €50 million of EBITDA and €3 to €10 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 9 of 11
Sector (Machinery) 2 of 2
Type (Add-on Acquisition) 5 of 6
Country (Italy) 8 of 10
Year (2018) 1 of 3
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 SNG Group

Milan, Italy

SNG Group wants to focus its resources investing in growing of Italian companies with a strong creative and artisanal content, creating a network of research, experimentation and service .for the main “Maisons” of international luxury. SNG Group is based in Milan, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-26 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.

Sell -
Mergr

Product

Company

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