Palamon sells Sigla to Alchemy Special Opportunities

As part of the deal, Palamon sold its controlling stake, while DeA sold its 41.39% stake for €11.8m, according to a statement.

Palamon backed the company's MBO in 2005, while DeA acquired a minority stake in October 2007.

Company
Established in 1982 as Sigla, Sigla Group include Sigla Credit, which focuses on the provision of salary-backed loans, and SiCollection, which provides services for non-performing loans portfolios. The group is based in Conegliano.

People
Sigla Group – Vieri Bencini (CEO).

Advisers
Acquirer – MacFarlanes (legal); Pedersoli Studio Legale (legal); EY (financial due diligence).
Company – PwC (financial due diligence); Willkie Farr & Gallagher (legal).

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• Topics
• Exits
• Financials
• Southern Europe
• Secondary buyout
• Italy