M&A Deal Summary

Progressio SGR Acquires Giorgetti

On August 6, 2015, private equity firm Progressio SGR acquired furniture company Giorgetti

Acquisition Highlights
  • This is Progressio SGR’s 1st transaction in the Furniture sector.
  • This is Progressio SGR’s 13th transaction in Italy.

M&A Deal Summary

Date 2015-08-06
Target Giorgetti
Sector Furniture
Buyer(s) Progressio SGR
Deal Type Buyout (LBO, MBO, MBI)

Target

Giorgetti

Meda, Italy
Giorgetti is a designer and manufacturer of Italian furniture for homes, offices, hotels, restaurants, fashion retail, and super-yachts etc. Giorgetti was established in 1898 and is based in Meda, Italy.

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Buyer(S) 1

Buyer

Progressio SGR

Milan, Italy

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 730M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Progressio SGR S.p.A. is an independent private equity firm focuses on acquiring small and mid-sized companies located in Italy. The Firm targets growth potential industrial and services companies. It looks to invest in businesses with revenues of €30 to €150 million. Progressio seeks to acquire majority or minority stakes in portfolio companies. Prospective transaction situation includes MBO, MBIs, and development capital. Progressio was formed in 2005 and is based in Milan.


DEAL STATS #
Overall 13 of 23
Sector: Furniture M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 9 of 16
Country: Italy M&A 13 of 23
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-24 Italchimici

Metropolitan City, Italy

Italchimici SpA is a pharmaceutical company. Italchimici’s wide-ranging product portfolio includes, among other brands, Reuflor, Peridon, Perido Natural and Lacdigest in the gastroenterological area and Aircort and Cexidal in the respiratory area.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-31 Italchimici

Metropolitan City, Italy

Italchimici SpA is a pharmaceutical company. Italchimici’s wide-ranging product portfolio includes, among other brands, Reuflor, Peridon, Perido Natural and Lacdigest in the gastroenterological area and Aircort and Cexidal in the respiratory area.

Sell €130M