Atex Inc. Sells US Division to BCNonwovens in Cross-Border Deal
Deal News | Dec 20, 2024 | Mesirow Financial Private Equi
Mesirow Financial Private Equity has successfully advised Atex S.p.A., a portfolio company under EOS Investment Management, in selling its American arm, Atex Inc., to BCNonwovens of Spain. Based in Georgia, Atex Inc. is a specialty nonwovens producer engaged with diverse markets in the U.S. and select international communities. The exclusive financial advising role taken on by Mesirow highlights its strong foothold in the nonwovens and related sectors, reinforcing its position as a key player in the packaging industry. The deal signifies Mesirow's excellence in cross-border transactions, impacting sectors spanning multiple countries, with significant prowess shown in the nonwovens market. Atex Inc.'s CEO, Luca Di Benedetto, expressed enthusiasm about the opportunities presented by the acquisition. Mesirow has fostered over 220 industry-specific transactions in 25 years, establishing a reputation for crafting highly tailored strategic financial collaborations.
Sectors
- Nonwovens and Converting Sectors
- Packaging Industry
Geography
- United States – Atex Inc., the company sold, is based in Georgia, U.S., making it a key geographic focus.
- Spain – The acquiring company, BCNonwovens, is based in Barcelona, Spain, indicating a Spanish interest in the transaction.
- United Kingdom – Mesirow's involvement as a financial advisor includes personnel based in London, supporting its cross-border execution.
- Italy – EOS Investment Management, the selling party's managing entity, has operations based in Milan.
- Luxembourg – Involved via EOS Investment Management's presence, contributing to the geographic diversity.
Industry
- Nonwovens and Converting Sectors – The article centres on the sale of a company in the nonwovens industry, highlighting Mesirow's influence in this sector.
- Packaging Industry – Mesirow's extensive track record in the packaging industry, comprising over 220 transactions, underscores the article's industrial focus.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Atex S.p.A. | Vendor | Company | The parent company of Atex Inc., sold its U.S. division to BCNonwovens. |
| Atex Inc. | Target | Company | A U.S.-based producer of specialty nonwovens, the primary focus of the sale. |
| BCNonwovens | Buyer | Company | A company based in Spain that acquired Atex Inc. |
| Mesirow Financial | Financial Advisor | Company | Served as the exclusive financial adviser for the transaction. |
| EOS Investment Management | Seller's Asset Manager | Company | The independent asset manager for Atex S.p.A., facilitating the sale. |