GCA Altium

Transaction Details

February 1, 2013
Milan

Sector

Industrials and Industrial Technology

Deal Type

M&A

Deal Value

€10.5m

Deal Team

Carlo Dawan, Valentina Osele

Sale of a 40% stake in Ilapak Group to IMA S.p.A. GCA Altium acted as financial adviser to Transworld Packaging Holding on the sale of a minority stake to IMA.

Ilapak Group is a leading player in the engineering and production of primary packaging machines for the food industry using flexible material (horizontal and vertical flowpacks). Ilapak Group had consolidated sales in 2012 of around €84 million, with a healthy order book and a significant market share. IMA is the world leader in the design and manufacture of automatics machines for the processing and packaging of pharmaceuticals, cosmetics, tea, coffee and foods. In 2012 IMA had revenues for €734 million, with an EBITDA of €101 million and a net debt of €131.5 million.

IMA has more than 3,400 employees and 21 production plants in Italy, Germany, UK, USA, India and China. IMA has been listed on the Milan Stock Exchange since 1995.

Thanks to this alliance IMA and Ilapak will benefit from important synergies, mainly through the integration of the production chains.

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GCA is a trade name for GCA Corporation and its subsidiaries and other affiliates which include:

• GCA Advisors, LLC, a Delaware limited liability company, registered broker-dealer and FINRA (www.finra.org) and SIPC member firm (www.sipc.org). GCA Advisors, LLC provides independent financial advice on matters related to Mergers & Acquisitions, Debt Capital Markets, Recapitalization & Restructuring, Cross Border and Strategic Alliances, Special Committees, Private Funds, Private Placements and Venture Support. Check the background of GCA Advisors, LLC on FINRA’s BrokerCheck (brokercheck.finra.org).
• GCA Altium Limited, a company providing financial advisory services in the UK, Switzerland, Germany, Italy and Israel and incorporated under English law, is authorized and regulated by the Financial Conduct Authority in the United Kingdom and provides independent financial advice on matters related to Mergers & Acquisitions, Debt Capital Markets, IPOs, Recapitalization & Restructuring, Cross Border and Private Placements.
• GCA Corporation, a company incorporated in Japan which provides financial advisory services on matters related to Mergers & Acquisitions, Cross Border, Private Placements & IPOs, Growth Strategy Services, and Post-Merger Integration.
• GCA China Company, Limited, a company incorporated in Shanghai which provides financial advisory services in China on matters related to Mergers & Acquisitions, Cross Border, Mezzanine Financing, Growth Strategy Services, Due Diligence and Post-Merger Integration.
• GCA India Company, Limited, a company incorporated in Mumbai which provides financial advisory services in India on matters related to Mergers & Acquisitions, Cross Border, Mezzanine Financing, Growth Strategy Services, Due Diligence and Post-Merger Integration.
• AMPLIA, a subsidiary of GCA Corporation in Japan, provides Venture Support services in Japan and the US.
• GCA FAS, a subsidiary of GCA Corporation in Japan, provides Due Diligence advisory services and M&A transaction services.
• MCo Corporation, a subsidiary of GCA Corporation in Japan, provides Mezzanine Financing in Japan.