Advised on Sale of CompanyMaterials, Chemicals & Mining
Acquired Majority Control of Business Operations
Vitale (IMAP Italy) advised Giuseppe, Giacomo and Luca Pellegrini and Antonio Barile, shareholders of PPM Industries, on the sale of a majority share in PPM Industries to AUCTUS Capital Partners AG.
On 24th March 2022, AUCTUS Capital Partners AG signed a binding agreement for the acquisition of a majority stake of PPM Industries from the selling shareholders of the Pellegrini family.
PPM Industries Group is a leading global manufacturer of masking and other adhesive tapes headquartered in Brembate Sopra, close to Bergamo in Italy. The Company operates through 4 production plants, two in Italy, one in the UK and one in India employing around 500 people.
In 2021, the Group generated around € 100 million in consolidated revenues.
Vitale acted as financial advisor to the selling shareholders of PPM Industries, supporting them in the selection of the preferred partner, due diligence process, in structuring the transaction and in the negotiation phases.