M&A Deal Summary

Starlight Group and illimity Bank Acquire IVELA

On December 16, 2021, Starlight Group and illimity Bank acquired electrical equipment company IVELA

Acquisition Highlights
  • This is Starlight Group’s 3rd and illimity Bank’s 1st transaction in the Electrical Equipment sector.
  • This is Starlight Group’s 3rd and illimity Bank’s 1st transaction in Italy.

M&A Deal Summary

Date 2021-12-16
Target IVELA
Sector Electrical Equipment
Buyer(s) Starlight Group
illimity Bank
Deal Type Add-on Acquisition
Advisor(s) Clairfield International
Equita Group S.p.A. (Financial)

Target

IVELA

Milan, Italy
IVELA specialized in the design and construction of made in Italy architectural lighting systems in the retail, hospitality and cruise ship sectors. IVELA was founded in 1986 and is based in Milan, Italy.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 2

Buyer

Starlight Group

Milan, Italy

Category Company
Founded 2021
Sector Electrical Equipment
DESCRIPTION

Starlight Group combines Italian lighting companies with a common vision. Starlight Group was formed in 2021 and is based in Milan, Italy.


DEAL STATS #
Overall 3 of 4
Sector: Electrical Equipment M&A 3 of 4
Type: Add-on Acquisition M&A Deals 3 of 4
Country: Italy M&A 3 of 4
Year: 2021 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 ZetaQlab

Lentate sul Seveso, Italy

ZetaQlab is specialized in the design and production of lighting control systems and digital light management solutions. ZetaQlab was founded in 2014 and is based in Lentate sul Seveso, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-25 O.Creations

Padua, Italy

O.Creations is specialized in the design, build and manufacturing of bespoke decorative and contract light fittings installation through the "Highlight" division for the following market sectors: naval (cruise ships and luxury vessels), hotels & hospitality, luxury retails and residential. O.Creations was founded in 2006 and is based in Padua, Italy.

Buy -
Buyer

illimity Bank

Milan, Italy

Category Company
Sector Financial Services
Employees921
Revenue 361M EUR (2023)
DESCRIPTION

illimity Bank is an Italian financial services firm focused on the small-to-medium enterprise and non-performing loan markets, as well as retail digital banking services. illimity Bank is based in Milan, Italy.


DEAL STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Italy M&A 1 of 1
Year: 2021 M&A 1 of 1