UNQUOTE

Alkemia exits pergolas and awnings maker Gibus

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Alkemia has sold its 25.7% stake in Gibus to the company's founders, the Bellin-Danieli family.

The acquisition was made via Terra Holding, a company controlled by Gianfranco Bellin, Lucia Danieli and Lorenzo Danieli, which will become the sole shareholder of the business.

Alkemia, formerly known as Nem, bought a minority stake in Gibus in April 2016 via its €115m Nem Imprese II fund.

Swiss investment firm Montana Capital Partners acquired Nem in February 2018 in a deal valued at around €50m. In addition to Nem Imprese II, the GP manages a €131m fund called Industrial Opportunity, and a €30m vehicle named Nem Imprese, for aggregate assets under management of €276m.

The company appointed Gianfranco Bellin as CEO and president, while Alessio Bellin and Lucia Danieli joined the executive board. According to a statement, the business will focus on bolstering its growth in the domestic market and abroad, developing further its product offering and consolidating the brand's market position.

Company
Founded in 2012 and based in Saccolongo, near Padua, Gibus manufactures garden pergolas and awnings, shade sails and gazebos. The company generated EBITDA of €4.5m from revenues of €32.6m in 2017, of which around 30% came from abroad.

People
Gibus – Gianfranco Bellin (CEO, president).

Advisers
Company – Rödl & Partner (tax); Grimaldi (legal).

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