Vertis buys packaging manufacturer Selematic

According to local press reports, the deal valued the business at €20m, including a €6m capital injection from the GP, while the founding family acquired a minority stake for €4m.

As part of the deal, Italian lenders Banca Popolare di Milano and Unicredit provided a €10m debt financing to support the transaction.

More recently, the GP launched its second vehicle, Vertis Venture 2 Tecnologie in June 2014 with a €60m target. Unlike its predecessor, which was limited to investments in southern Italy, the fund seeks opportunities across Italy. Following the launch, the firm opened a new operational base in Milan.

Company
Founded in 1978, Selematic specialises in packaging production, with focus on the food industry and disposable products. The business also manufactures weight-checkers, metal detectors and transport systems for cartons, pallets and bundles.

Headquartered in Eboli, the company posted €14m in revenues in 2016, according to press reports.

People
Vertis – Amedeo Giurazza (founding partner).

Advisers
Equity – Gianni Origoni Grippo Cappelli (legal).
Vendors – LTL Advisors (legal).
Debt – Pavia e Ansaldo (legal).

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• Topics
• Buyouts
• Industrials
• Southern Europe
• Italy
• Vertis