M&A Deal Summary

Freudenberg & Co KG Acquires Gimi

On July 28, 2016, Freudenberg & Co KG acquired consumer products company Gimi from Aksìa Group and Alcedo SGR

Acquisition Highlights
  • This is Freudenberg & Co KG’s 2nd transaction in the Consumer Products sector.
  • This is Freudenberg & Co KG’s 1st transaction in Italy.

M&A Deal Summary

Date 2016-07-28
Target Gimi
Sector Consumer Products
Buyer(s) Freudenberg & Co KG
Sellers(s) Aksìa Group
Alcedo SGR
Deal Type Add-on Acquisition

Target

Gimi

Monselice, Italy
Gimi SpA is a manufacturer of laundry care products, especially ironing boards and laundry dryers, and has a strong position throughout Europe. The company was established in 1970 and has operated internationally for decades – it is currently active in more than 80 countries.

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Buyer(S) 1

Buyer

Freudenberg & Co KG

Weinheim, Germany

Category Company
Founded 1849
Sector Business Services
DESCRIPTION

Freudenberg offers tailor-made, innovative technological products and services to customers in the automotive, mechanical and plant engineering, textile and clothing, construction, mining and heavy industry, energy, chemical, oil and gas sectors. The Group’s customers also include companies in the medical technology, civil aviation, rail vehicles and semiconductor sectors.


DEAL STATS #
Overall 6 of 10
Sector: Consumer Products M&A 2 of 3
Type: Add-on Acquisition M&A Deals 5 of 9
Country: Italy M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-20 Ansell - Marigold Household Gloves

Madrid, Spain

Ansell - Marigold Household Gloves is a manufacturer of Household Gloves and Marigold is a market leader in the UK and Ireland, countries. The brand also has a strong market presence in Hong Kong, Italy and Netherland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-10 Schwab Vibration Control

Adliswil, Switzerland

Schwab Vibration Control is a manufacturer of vibration control components and system solutions. The latter are used in rail vehicles, agricultural and construction machinery, in the power-generating industry and in a large number of further sectors.

Sell -

Seller(S) 2

SELLER

Aksìa Group

Milan, Italy

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 500M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Aksìa Group is a private equity firm focused on acquisitions throughout Italy. The Firm targets opportunities in advanced manufacturing, mechanical industries, and companies specialized in highly engineered products. Aksia’s typical transaction situation includes corporate divestitures, traditional buyouts, and growth capital financings. The Firm generally takes a controlling equity stake in portfolio companies. Aksìa Group was formed in 1997 and is based in Milan.


DEAL STATS #
Overall 4 of 8
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 4
Country: Italy M&A 4 of 8
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-28 COC Farmaceutici

S. Agata Bolognese, Italy

COC Farmaceutici produces pharmaceutical products for ophthalmic use and inhalation, plus cosmetic products. COC Farmaceutici Srl specializes in contract manufacturing, filling, and packaging of medicines, medical and diagnostic devices, cosmetics, and veterinary products, in liquid, cream, or gel form. COC Farmaceutici was founded in 1985 and is based in S. Agata Bolognese, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-14 Alpha Test

Milan, Italy

Alpha Test is a provider of university admission and other test preparation services. With a catalog, that includes more than 600 titles, 100 new editions per year, and 50,000 hours of lessons in 41 cities across Italy, Alpha Test is the Italian provider of preparation services for university admission and other tests for the academic and professional fields. The company is the only fully integrated player in the education sector, offering a complete range of products and solutions for the admission to faculties with a limited entry number. Furthermore, the company has recently launched an e-learning platform and also provides orientation services. Alpha Test was formed in 1987 and is based in Milan, Italy.

Buy -
SELLER

Alcedo SGR

Treviso, Italy

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2000
PE ASSETS 279M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Alcedo is a private equity group focused on providing growth capital to mid-sized companies in Northern Italy. Alcedo generally targets profitable businesses with strong growth potential, established market positions, and operating in defensible markets. The Firm's target investment size is €5 to €25 million in businesses valued up €120 million. Alcedo will consider opportunities in a variety of sectors, with a preference for businesses producing luxury, design or branded goods. Alcedo was formed in 2000 and is based in Treviso.


DEAL STATS #
Overall 8 of 13
Sector: Consumer Products M&A 3 of 4
Type: Add-on Acquisition M&A Deals 5 of 6
Country: Italy M&A 8 of 13
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-19 EXA

Arezzo, Italy

EXA is a General Contractor specialized in luxury retail. EXA serves the most prestigious architects and brands dealing with the most challenging projects in many corners of the world. EXA was founded in 2005 and is based in Arezzo, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-23 Swisscare

Villafranca di Verona, Italy

Swisscare provides research and production of safer, more innovative, and more reliable cosmetics. Swisscare was formed in 1990 and is based in Villafranca di Verona, Italy.

Buy -