Investindustrial partially exits AEB Group

Following completion of the deal, Investindustrial will retain a minority stake in AEB, as will the portfolio company’s management team. According to Italian publication Il Sole 24 Ore, the GP’s remaining stake is around 20%.

Under the GP’s tenure, AEB extended its international sales network, most recently expanding into the winemaking sectors in the US, Australia, Germany and Chile.

SK Capital drew capital from its third fund, having recently closed its $1bn fourth vehicle.

Debt
BNP Paribas's Italian branch and UniCredit provided a debt package to support the transaction, acting as mandated lead arrangers and bookrunners.

Previous funding
Investindustrial acquired AEB in a management buyout from PM & Partners and Societe Generale in January 2007.

Company
Founded in 1936, Brescia-headquartered AEB is a biochemical producer. The business provides additives for winemakers and beer brewers, in addition to other food and drink sectors.

People
Aaron Davenport is managing director at SK Capital, while Philip Marxen is a principal at the firm. Mario Tomasoni is CEO at AEB.

Advisers
Vendor – Chiomenti Studio Legale (Legal).
Acquirer – Latham & Watkins (Legal); Bär & Karrer (Legal); UniCredit (M&A).

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• Topics
• Exits
• Southern Europe
• Industrials
• Buyouts
• Italy
• Investindustrial