M&A Deal Summary

PM&Partners and Advent International Acquire Gruppo Argenta

On June 1, 2005, private equity firms PM&Partners and Advent International acquired consumer services company Gruppo Argenta from Green Arrow Capital

Acquisition Highlights
  • This is PM&Partners’ 1st and Advent International’s 2nd transaction in the Consumer Services sector.
  • This is PM&Partners’ 6th and Advent International’s 6th transaction in Italy.
Investment Fate
  • Gruppo Argenta was sold to a consortium of financial buyers in 2007 for 645M EUR.
  • Gruppo Argenta was sold to a strategic buyer in 2017.

M&A Deal Summary

Date 2005-06-01
Target Gruppo Argenta
Sector Consumer Services
Buyer(s) PM&Partners
Advent International
Sellers(s) Green Arrow Capital
Deal Type Secondary Buyout

Target

Gruppo Argenta

Carpi, Italy
Gruppo Argenta SpA is a Italian player in the vending industry with more than 110,000 automatic and OCS machines that serve 55,000 clients and register over 2 million vends per day (over 500 million yearly). Argenta workforce is made of more than 1,500 people including 800 refillers and 280 technicians.

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Buyer(S) 2

Buyer

PM&Partners

Milan, Italy

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 500M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

PM&PARTNERS SGR SpA is a private equity firm that targets investments in small and mid-sized Italian companies generating sales of €30 to €300 million. PM&Partners focuses on opportunities in the industrial and services sectors. PM&Partners will consider both majority and minority interests through buy-out/buy-in and growth capital transactions. PM&Partners was formed in 2000 and is based in Milan with an additional office in Rome.


DEAL STATS #
Overall 6 of 18
Sector: Consumer Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 3
Country: Italy M&A 6 of 18
Year: 2005 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-01 ECO

Udine, Italy

ECO SpA is a manufacturer of coils and coolers for the Heating, Ventilation, Air-Conditioning and Refrigeration industries (HVACR).

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Vimec

Luzzara, Italy

Vimec is a producer and distributor of products designed to overcome architectural barriers. The main products are elevators for internal and external use, platform elevators, and stairlifts. Vimec was founded in 1980 and is based in Luzzara, Italy.

Buy -
Buyer

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 91.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 119 of 353
Sector: Consumer Services M&A 2 of 5
Type: Secondary Buyout M&A Deals 5 of 58
Country: Italy M&A 6 of 11
Year: 2005 M&A 5 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-10 Making Memories Wholesale

Centerville, Utah, United States

Making Memories manufactures craft and scrapbooking supplies. Its products include albums, embellishment papers, hard embellishments, kits, soft embellishments, stickers, publications, tools, collections, stamps, ribbons, paints, and organization and storage products. The company distributes its products through craft retailers, independent scrapbook and craft stores, and specialty retailers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-07 Boart Longyear

Salt Lake City, Utah, United States

Boart Longyear is a provider of drilling services, orebody-knowledge technology, and innovative, safe and productivity-driven drilling equipment. The Company’s primary focus is on mining and exploration activities spanning commodities including copper, gold, nickel, zinc, uranium, and other minerals. Boart Longyear was founded in 1890 and is based in Salt Lake City, Utah.

Buy $545M

Seller(S) 1

SELLER

Green Arrow Capital

Milan, Italy

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2000
PE ASSETS 2.2B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Green Arrow Capital is an asset management firm focused on private equity, private credit, real estate, and energy investments throughout Italy. The Firm's private equity arm focuses on majority and select minority investments mid-sized companies. Green Arrow is a hands-on investment group, looking to assist management with 'financial, international and operational strategies'. Green Arrow Capital was formed in 2000 and is based in Milan.


DEAL STATS #
Overall 1 of 15
Sector: Consumer Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 7
Country: Italy M&A 1 of 13
Year: 2005 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Symphony International Holdings

British Virgin Islands, United Kingdom

Symphony is a Group Holding Company, organised and managed by one of the investment teams with the greatest experience in Asia, with a track record involving more than 50 investments in 12 years of activity and in 12 countries. Symphony focuses mainly on investments in Asia in the following sectors: healthcare, food, catering, financial services, holiday sites, media and advertising. Symphony International Holdings was founded in 2004 and is based in British Virgin Islands, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Synapsis Soluciones y Servicios IT

Livorno, Italy

Synapsis is a research and development, engineering and consulting company in the 'e-Health' sector. Synapsis creates a global, synergetic IT solution to the needs of the Healthcare Authorities to improve the performance of the services provided to the general public, thanks to cutting-edge ICT solutions, to the effective management of the products and to the detailed knowledge of clinical processes.

Sell -