Migal sells 60% stake to Equinox
, the Italian aluminium industrial components manufacturer, has sold a 60% stake to Equinox
, according to an Italian-language press release by the private equity firm.
Financial terms were not disclosed.
Closing is expected in the first 10 days of July.
Vendor the Mingotti family will continue to hold the remaining 40% of the stake and continue to hold top positions in the company.
Equinox had Shearman & Sterling
as legal advisor, Gatti Pavesi Bianchi Ludovic
i as tax advisor, Roland Berger
as business advisor, PwC
as accountant and ERM
as environmental advisor.
Migal had CP Advisors
as M&A Advisor, Pedersoli
as legal advisor and KPMG
Migal has turnover of around EUR 100m and an EBITDA margin of around 15%. 60% of turnover is generated abroad, according to the release.