Atlas Tapes Secures PPM Industries Acquisition
Deal News | Dec 03, 2024 | Legal Community Italy
Atlas Tapes, a Greek company renowned for producing packaging, paper, and adhesive tapes, has completed the acquisition of PPM Industries, a leader in the masking, specialty, and duct tape markets. The acquisition was orchestrated from a diverse geographic footprint, including Italy, the UK, the USA, and India. AUCTUS Capital Partners AG, a German-Italian private equity fund, along with PPM Industries' CEO Matteo Pellegrini, divested their entire stake in the company. The transaction featured a multidisciplinary cast of legal advisors: Baker McKenzie provided legal counsel to Atlas Tapes, with a team led by partner Paolo Ghiglione covering M&A aspects and Carlo de Vito Piscicelli overseeing finance matters. AUCTUS Capital was represented by ADVANT Nctm, with Michele Motta leading their M&A team, supported by finance counsel from Giovanni de Capitani di Vimercate. Legal assistance for PPM Industries was delivered by PedersoliGattai, whilst both the collective company and Pellegrini, individually, also received advisory services from Pirola Pennuto Zei & Associati. The acquisition marks a strategic expansion for Atlas Tapes in the global adhesive market amidst diverse operations across continents.
Sectors
- Private Equity
- Manufacturing
- Legal Services
Geography
- Greece – Atlas Tapes is a Greek company, central to the acquisition transaction.
- Italy – PPM Industries is based in Italy, and several Italian law firms participated in the transaction.
- Germany – AUCTUS Capital Partners AG is a German-Italian private equity firm involved in the transaction.
- United Kingdom, United States, India – PPM Industries has operational sites in these countries, reflecting a global business presence.
Industry
- Private Equity – The acquisition involves AUCTUS Capital Partners AG, a private equity firm, highlighting participation in buying and selling stakes in companies.
- Manufacturing – PPM Industries, a key player in the production of adhesive tapes, operates in the manufacturing sector.
- Legal Services – The transaction engaged various law firms, providing legal advisory services to different parties involved in the acquisition.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Atlas Tapes | Acquirer | Company | A Greek company involved in the production of packaging, paper, and adhesive tapes. |
| PPM Industries | Target Company | Company | A leader in the adhesive tape market with operations in Italy, the UK, the USA, and India. |
| AUCTUS Capital Partners AG | Seller | Private Equity Firm | A German-Italian private equity fund selling its stake in PPM Industries. |
| Matteo Pellegrini | Seller | Person | CEO of PPM Industries and co-owner selling his stake alongside AUCTUS Capital Partners. |
| Baker McKenzie | Legal Advisor for Atlas Tapes | Company | Law firm assisting Atlas Tapes in M&A and finance aspects of the acquisition. |
| ADVANT Nctm | Legal Advisor for AUCTUS Capital Partners | Company | Law firm advising AUCTUS Capital Partners in both M&A and finance matters. |
| PedersoliGattai | Legal Advisor for PPM Industries | Company | Law firm representing PPM Industries in the transaction. |
| Pirola Pennuto Zei & Associati | Legal Advisor for Matteo Pellegrini | Company | Providing legal support to Matteo Pellegrini in his individual capacity. |