• Home
  •  
    Regions
    • Europe
    • UK & Ireland
    • DACH
    • Nordic
    • France
    • Southern Europe
    • Benelux
    • CEE
    • Asia
  •  
    Deals
    • Buyouts
    • Venture
    • Exits
    • Refinancings
    • Build-up
    • Turnaround
    • Secondaries
    • Advanced deals search
  •  
    Funds
    • Buyout
    • Venture
    • Mezzanine
    • Debt
    • Funds-of-funds
    • Secondaries
    • Fundraising pipelines
    • Advanced funds search
  •  
    GPs & LPs
    • GP profiles
    • LP profiles
    • GP news
    • LP news
    • Sponsors search
    • LPs search
  •  
    Secondaries
    • Deals
    • Funds
    • News
    • Analysis
  •  
    People
    • People moves
    • Analysis
    • In Profile
    • Q&A
    • Videos
    • Comment
  •  
    Analysis
    • In Profile
    • Fundraising
    • Q&A
    • Comment
    • Videos
    • Podcast
    • Reports
    • Data Snapshots
  •  
    Unquote Data
    • Deals search
    • Exits search
    • Funds search
    • Sponsors search
    • Advisers search
    • LPs search
    • League tables
    • Reports
  • Sign in
  • Sign in
    • You are currently accessing unquote.com via your Enterprise account.

      If you already have an account please use the link below to sign in.

      If you have any problems with your access or would like to request an individual access account please contact our customer service team.

      Phone: +44 (0)203 741 1137

      Email: Georgina.Lawson@acuris.com

      • Sign in
     
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
  • Follow us
    • Twitter
    • LinkedIn
  • Free Trial
  • Subscribe
Unquote
Unquote
  • Home
  • Regions
  • Deals
  • Funds
  • GPs & LPs
  • Secondaries
  • People
  • Analysis
  • Unquote Data
  • You are currently accessing unquote.com via your Enterprise account.

    If you already have an account please use the link below to sign in.

    If you have any problems with your access or would like to request an individual access account please contact our customer service team.

    Phone: +44 (0)203 741 1137

    Email: Georgina.Lawson@acuris.com

    • Sign in
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
Unquote
  • Buyouts

Investindustrial to take control of Guala

  • Alessia Argentieri
  • Alessia Argentieri
  • 08 December 2020
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  

Investindustrial has increased its stake in Milan-listed bottle sealing company Guala Closures to 48.9%.

The GP, which had previously bought a 22.6% stake for €91m in April 2020, plans to launch a full takeover offer for the entire ordinary share capital of the company, at €8.20 per share.

Investindustrial is acquiring Guala via Special Packaging Solutions Investment, which is controlled by Investindustrial VII.

Guala Closures

  • DEAL:

    Take-private

  • LOCATION:

    Alessandria

  • SECTOR:

    Containers & packaging

  • FOUNDED:

    1954

  • TURNOVER:

    €607m (2019)

  • EBITDA:

    €114m (2019)

  • STAFF:

    4,700

The fund held a final close on €3.75bn, surpassing its initial target of €3bn, in November 2019. It acquires controlling stakes in European companies operating in the consumer goods, industrial and healthcare service sectors.

The vehicle deploys equity tickets in the €50-100m range for its lower-mid-market deals and of around €350m for its larger deals. It also co-invests with LPs for larger and selective mid-market opportunities.

Previous funding
Private equity firm aPriori Capital Partners bought a majority stake in Guala in 2008, while NB Renaissance Partners and SwanCap Investment Management acquired a minority holding.

The deal was made via GCL Holdings, an entity controlled by aPriori and co-invested by Melville, a company managed by NB Renaissance and SwanCap via its vehicle Private Equity Opportunities Fund II.

They sold the company to Space Holding and Peninsula Capital in a reverse merger that took place in April 2018. Guala was acquired by Space4, a special purpose acquisition company launched by Space Holding, and was listed on the Star segment of the Italian stock exchange via a reverse merger.

The total investment in the transaction amounted to €600m, which included the entire €500m raised by Space4 and additional capital provided by Peninsula Capital and the company's management team, led by CEO Marco Giovannini.

After completion of the acquisition, Peninsula held a 7% stake, Space4 controlled a 4% stake, aPriori, NB and SwanCap maintained a combined 3% holding and the management team retained 14%, while a stake of around 71% was listed on the market. Guala reached a market capitalisation of €650m at the end of the listing process.

Company
Founded in 1954 and based in Alessandria, Guala specialises in manufacturing aluminium and plastic closures for bottles and containers for the food and beverage, pharmaceuticals and cosmetics industries.

The company has a presence in more than 100 countries worldwide and operates 29 production sites. It employs 4,700 staff and produces 20 billion closures per year.

Guala generated adjusted EBITDA of €114m from revenues of €607m in 2019, 90% of which came from outside Italy. It also reported net financial debt of €462.5m.

People
Guala Closures – Marco Giovannini (CEO).

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  
  • Topics
  • Buyouts
  • PIPEs
  • Southern Europe
  • Industrials
  • Investindustrial
  • Italy
  • Take Private

More on Buyouts

Clinical trials and biotechnology
Permira to take Ergomed private for GBP 703m

Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO

  • Buyouts
  • 04 September 2023
EMEA Public to Private M&A
Change of mind: Sponsors take to de-listing their own assets

EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater

  • Investments
  • 04 September 2023
HR software solutions providers
Main Capital’s Assessio to be sold to Pollen Street

Recruitment software company tripled in revenue under Main Capital’s ownership

  • Buyouts
  • 25 August 2023
Ice cream
Exponent divests ‘significant' stake in Meadow to Canadian investor

Since 2018, GP has diversified food ingredients company's focus beyond commodity dairy

  • Exits
  • 22 August 2023

Latest News

Fund closes in US dollars
  • Funds
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote

  • 05 September 2023
Clinical trials and biotechnology
  • Buyouts
Permira to take Ergomed private for GBP 703m

Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO

  • 04 September 2023
Public sector software
  • Exits
Partners Group to release IMs for Civica sale in mid-September

Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

  • 04 September 2023
EMEA Public to Private M&A
  • Investments
Change of mind: Sponsors take to de-listing their own assets

EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater

  • 04 September 2023
Back to Top
  • About Unquote
  • Advertise
  • Contacts
  • About Acuris
  • Terms of Use
  • Privacy Policy
  • Group Disclaimer
  • Twitter
  • LinkedIn

© Merger Market

© Mergermarket Limited, 10 Queen Street Place, London EC4R 1BE - Company registration number 03879547

Digital publisher of the year 2010 & 2013

Digital publisher of the year 2010 & 2013