Officine Maccaferri sees Cinven and Triton go head-to-head

Macaferri is being marketed off EUR 90m in 2022 EBITDA, and could be worth between EUR 700m and EUR 800m, two of the sources said.

First-round bids for the geotechnical and soil erosion control solutions provider were filed at the end of April, as reported by Italian-language daily Il Messaggero. Bidders included industry players Belgium-based Bekaert, Canada's Solmax and an unnamed US-based company; and private equity firms including CVC, Permira, Blackstone, Rhone Capital and Rivean.

In April, Italian-language daily Il Sole 24 Ore reported that owners Carlyle Global Credit, GLG Partners and Stellex Capital Management had hired Lazard, DLA Piper and Latham Watkins to find a buyer for Officine Maccafferri.

The business posted EUR 640m revenues in 2022, projected to rise to EUR 1bn by 2027, the report adds.

Carlyle, Stellex Capital Management, Triton and Cinven declined to comment. GLG Partners did not return requests for comment.

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• Topics
• Buyouts
• Southern Europe
• Industrials
• Bain Capital
• Italy
• Triton Partners
• Mergermarket