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M&A Deal Summary

Equinox Acquires CLAS

On December 15, 2020, private equity firm Equinox acquired food company CLAS

Acquisition Highlights
  • This is Equinox’s 1st transaction in the Food sector.
  • This is Equinox’s 5th transaction in Italy.

M&A Deal Summary
Date 2020-12-15
Target CLAS
Sector Food
Buyer(s) Equinox
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Vitale (Financial)

Target

CLAS

Chiusanico , Italy
CLAS is a manufacturer of pounded sauces, mainly based on green basil (i.e. “Italian Pesto”), sold to primary multinational food brands and grocery retailers in Italy and abroad. More than 90% of sales are export driven with a well-balanced and diversified customers’ base. CLAS was founded in 1989 and is based in Chiusanico, Italy.

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Buyer(S) 1

Buyer

Equinox

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 900M EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Equinox is a private investment firm focused on acquiring lower middle-market Italian companies. The Firm generally pursues family-owned companies and has a particular interest in under-managed/under-valued opportunities. Sectors of interest include industrial, environmental, leisure, consumer, retail, life science, healthcare, and transportation. Equinox was established in 2001 and is headquartered in Luxembourg.

DEAL STATS #
Overall 6 of 9
Sector: Food M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 8
Country: Italy M&A 5 of 8
Year: 2020 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-29 Pedemonte Group

Alessandria, Italy

Pedemonte Group is a jewelry manufacturer that combines cutting-edge technology with artisanal craftsmanship. Pedemonte Group is based in Alessandria, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-11 Adler Modemarkte

Haibach, Germany

Adler Modemarkte is a textile retail chains that offers high-quality products that represent attractive value for money in the lower mid-range price segment. The product range includes a broad selection of womenswear, menswear, and underwear. Adler Modemarkte was founded in 1948 and is based in Haibach, Germany.

Sell -
Mergr

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