COL Giovanni Paolo Completes Acquisition of IME
Funding | Jan 22, 2025 | Finance Community IT - 1 Corporate M&A
COL Giovanni Paolo, a company controlled by investment fund Oaktree, has successfully acquired IME (Industrie Meccaniche Elettriche), a historic company based in Bergamo specializing in the production of electrical panels for industrial applications. The acquisition, completed last December, involved the purchase of 100% of IME's shares. IME operates mainly through its two divisions: IME Quadri Duestelle and IME Mont, producing low and medium voltage electrical panels for the industrial sector. This strategic acquisition is part of COL Giovanni Paolo's strategy to become an integrated player in the electrical transmission and distribution market by enhancing its product and service offerings. Lincoln International supported COL and Oaktree in financing the acquisition with inputs from a consortium of banks including BPER Banca and Generali Asset Management. Legal advice was provided by Legance and Ashurst.
Sectors
- Electrical Equipment
- Private Equity
Geography
- Italy – The acquisition involves two Italian entities, with IME being based in Bergamo and COL Giovanni Paolo having developed a growth strategy relevant to the Italian market.
Industry
- Electrical Equipment – The acquisition of IME, a producer of electrical panels, places this operation squarely in the Electrical Equipment industry, focusing on products for industrial applications.
- Private Equity – Oaktree, a private equity firm, is the controlling entity behind COL Giovanni Paolo, positioning this activity within the Private Equity sector.
Financials
- 100% of IME shares – The acquisition involved the purchase of the entire stake in IME.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| COL Giovanni Paolo | Buyer | Company | An entity controlled by the investment fund Oaktree, involved in acquiring IME. |
| Oaktree | Private Equity Firm | Company | A private equity firm backing COL Giovanni Paolo's acquisition of IME. |
| IME (Industrie Meccaniche Elettriche) | Target Company | Company | A Bergamo-based company specializing in the production of electrical panels for industrial applications. |
| Lincoln International | Financial Advisor | Company | Advised COL Giovanni Paolo and Oaktree on financing the acquisition. |
| BPER Banca | Financer | Company | Provided financing for the acquisition. |
| Generali Asset Management | Financer | Company | Supported the financing for the acquisition. |
| Intesa Sanpaolo | Bank | Company | Part of the existing pool of banks involved in securing consensual changes for the acquisition. |
| Crédit Agricole | Bank | Company | Part of the existing pool of banks involved in securing consensual changes for the acquisition. |
| Deutsche Bank | Bank | Company | Part of the existing pool of banks involved in securing consensual changes for the acquisition. |
| Banca Ifis | Bank | Company | Part of the existing pool of banks involved in securing consensual changes for the acquisition. |
| Banca Sella | Bank | Company | Part of the existing pool of banks involved in securing consensual changes for the acquisition. |
| Legance | Legal Advisor | Company | Provided legal advisory services for the acquisition. |
| Ashurst | Legal Advisor | Company | Provided legal advisory services for the acquisition. |