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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