Athena Partners with Giordani Family to Sell SNAR Laminati Stake to Eusider
Deal News | Feb 04, 2025 | Finance Community IT - 1 Corporate M&A
Eusider, a company in the steel processing industry, has successfully acquired a majority stake in SNAR Laminati from the Giordani Family. SNAR Laminati, based in Cellatica, specializes in the production of cold-rolled special steels. This acquisition marks a significant phase in Eusider's growth and investment strategy, enabling SNAR Laminati to join a large Italian industrial group, thus accessing enhanced commercial and industrial synergies that would bolster its development in both domestic and international markets. Various advisors were involved in this transaction, including Athena Associati for M&A and financial matters, L&B Partners Avvocati Associati for legal advisory to Eusider, and multiple other firms for legal, labor, and fiscal aspects.
Sectors
- Steel Manufacturing and Processing
- Mergers and Acquisitions (M&A)
Geography
- Italy – The transaction involves Italian companies, including Eusider and SNAR Laminati, both operating within the Italian market.
Industry
- Steel Manufacturing and Processing – The acquisition of SNAR Laminati by Eusider involves companies in the steel manufacturing sector, focusing on the production and processing of special steels.
- Mergers and Acquisitions (M&A) – The article discusses the transaction involving the acquisition of a majority stake in a company, relevant to the M&A industry.
Financials
- 1.2 billion euros – Revenue of the Eusider Group.
- 1.5 million tonnes – Amount of steel handled by Eusider.
- 35% – Export percentage of Eusider's total business.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| SNAR Laminati | Target | Company | SNAR Laminati is a company specializing in the production of cold-rolled special steels, based in Cellatica, Italy. |
| Giordani Family | Selling Company | People | The Giordani Family was the owner of the majority stake in SNAR Laminati and sold it to Eusider. |
| Eusider | Bidding Company | Company | Eusider is an Italian company active in the transformation and pre-processing of steel, acquiring the majority stake in SNAR Laminati. |
| Athena Associati | Financial Advisor | Company | Athena Associati acted as the M&A advisor to the Giordani Family in the transaction. |
| L&B Partners Avvocati Associati | Legal Advisor | Company | L&B Partners Avvocati Associati provided legal advisory services to Eusider. |
| BCA Avvocati | Labor Legal Advisor | Company | BCA Avvocati handled the labor law aspects for Eusider during the acquisition. |
| Studio BNC | Accounting and Tax Advisor | Company | Studio BNC provided accounting and fiscal advisory to Eusider for the transaction. |
| LCA Studio Legale | Legal Advisor | Company | LCA Studio Legale advised the Giordani Family on corporate and labor legal matters. |