ITALY – Synergo in Valvitalia preliminary signing

It is understood that sale coordinator Mediobanca will announce a final agreement on 7 December. The remaining 55% stake will remain in the hands of the company’s founder and its management. Other private equity funds competing for the deal reportedly include Vestar and 21 Investimenti.

With an established presence worldwide, Valvitalia is a company specialising in the production of valves used in the oil, gas and electricity industries. The company’s expected turnover for 2007 is EUR 270m, which represents a 30% increase on 2006’s figures. Last year’s EBITDA of EUR 19.3m is expected to reach twofold growth.

The deal will aim to provide Valvitalia with capital to strengthen production facilities recently opened in China as well as the relocation of its headquarters to Pavia. Similarly the deal would launch a new phase in the development of its niche market, with the aim of going public in three to five years’ time.

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• Topics
• Buyouts
• Southern Europe