Amco Acquires 80% Stake in Exacta from Eulero Capital
Deal News | Feb 24, 2025 | Finance Community IT - 3 Private Equity
Amco, the Asset Management Company, has signed a binding agreement to acquire an 80% stake in Exacta, a group specializing in the management of uncollected local public administration taxes. The acquisition is from Eulero Capital, a permanent capital platform, and the Oreglia family, with the remaining 20% stake retained by Exacta's founders and management to ensure operational continuity. Amco was advised by Equita, with Carlo Andrea Volpe leading the team, while Eulero and the Oreglia family were advised by Mediobanca and Gatti Pavesi Bianchi Ludovici. Deloitte and Goetz conducted the vendor due diligence, while EY and Chiomenti provided due diligence and legal advice to Amco. This acquisition aligns with Amco's strategic plan for 2024-2028 to enhance its role in public credit management. The transaction, expected to be completed by the first half of 2025, will be funded by Amco's own operations without external financing.
Sectors
- Asset Management
- Public Credit Management
- Consulting Services
Geography
- Italy – Both Amco and Exacta operate in Italy, and the deal involves Italian companies and financial advisory firms.
Industry
- Asset Management – Amco operates in the asset management sector, focusing on acquiring and managing strategic assets.
- Public Credit Management – Exacta specializes in managing uncollected public taxes, a key sector in the financial advisory landscape.
- Consulting Services – Exacta offers consulting services to local administrations, reflecting its involvement in administrative and financial advisory services.
Financials
- 80% – Stake in Exacta being acquired by Amco.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Amco | Acquirer | Company | An Italian Asset Management Company expanding its reach in public credit management. |
| Exacta | Target | Company | An Italian company specializing in uncollected local tax management and consulting services. |
| Eulero Capital | Vendor | Company | A permanent capital investment firm selling its stake in Exacta. |
| Equita | Financial Advisor to Amco | Company | Provided financial advisory services to Amco for this transaction. |
| Mediobanca | Financial Advisor to Vendor | Company | Advised Eulero Capital and the Oreglia family in the sale of Exacta. |
| EY | Industrial Advisor to Amco | Company | Provided industrial due diligence services for Amco. |
| Chiomenti | Legal Advisor to Amco | Company | Legal firm advising Amco in the transaction. |
| Gatti Pavesi Bianchi Ludovici | Legal Advisor to Vendor | Company | Legal firm advising Eulero Capital and the Oreglia family in the transaction. |
| Deloitte | Vendor Due Diligence | Company | Conducted financial and commercial due diligence for the vendor. |
| Goetz | Vendor Due Diligence | Company | Conducted commercial due diligence for the vendor. |