Barclays set to complete two Italian exits

Barclays Private Equity is due to exit two of its Italian portfolio companies in the next few months. The IPO process has already begun for the food-processing firm, MARR, in which a group of investors led by Barclays acquired a 33.3% stake for E100m in 2002. Merrill Lynch and IMI-San Paolo are acting as global coordinators for the listing on the Milan Stock Exchange planned for early July. The exact amount being floated will be around 45% and will include the entire Barclays stake. The sale of 100% of the holiday company Bluvacanze is also expected to complete in the summer. West LB is acting as M&A advisor and is organising the auction, which has six potential bidders.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Southern Europe