Ferrari Group Shines in Euronext Debut with Smart Capital's Investment
Deal News | Feb 14, 2025 | Finance Community IT - 3 Private Equity
Smart Capital has announced its investment in Ferrari Group following the latter's initial public offering (IPO) on Euronext Amsterdam. Ferrari Group, a prominent player in the shipment of luxury goods such as high-end watches, jewelry, and diamonds, has been remarkable for its solid growth trajectory, high margins, and strong cash flow. Founded in 1959 by the Deiana family, Ferrari Group operates internationally, primarily in Europe, Asia, North America, and Brazil. The IPO was facilitated by investment banks including Goldman Sachs and Jefferies and supported by multiple legal advisors like Loyens & Loeff, Macfarlanes, and Cravath, Swaine & Moore. This marks Smart Capital’s second international investment, reflecting its strategic focus on companies with excellence in niche sectors, including specialty logistics and technology. Andrea Costantini and Andrea Faraggiana of Smart Capital expressed satisfaction with Ferrari Group’s market debut, highlighting the strategic fit within their unique investment portfolio.
Sectors
- Luxury Goods Transportation
- Private Equity
- Financial Services
Geography
- International – Ferrari Group operates in multiple regions: Europe, Asia, North America, and Brazil.
- Netherlands – Euronext Amsterdam is located in the Netherlands where Ferrari Group's IPO took place.
- Italy – Smart Capital is an Italian investment holding company.
Industry
- Luxury Goods Transportation – Ferrari Group is involved in transporting high-end luxury items internationally.
- Private Equity – Smart Capital is engaged in private equity and invests in companies like Ferrari Group.
- Financial Services – The IPO process involved major financial institutions providing services during the listing.
Financials
- Over 1 million – Smart Capital's investment in Ferrari Group during the IPO.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ferrari Group | Target Company | Company | An international operator specializing in luxury goods transportation. |
| Smart Capital | Bidding Company | Company | A private equity firm specializing in permanent capital investments. |
| Goldman Sachs | Joint Global Coordinator | Company | One of the banks coordinating Ferrari Group's IPO. |
| Jefferies | Joint Global Coordinator | Company | Assisted in Ferrari Group's IPO process. |
| ABN AMRO Bank | Joint Bookrunner | Company | Participated as a bookrunner in the IPO. |
| Linklaters | Legal Advisor | Company | Provided legal advice to the banks during the IPO. |
| Loyens & Loeff | Legal Advisor | Company | Advised on Dutch regulatory and legal aspects for the IPO. |
| Macfarlanes | Legal Advisor | Company | Advised on English law for the IPO. |
| Cravath, Swaine & Moore | Legal Advisor | Company | Provided legal advice on US law for the IPO. |
| Lanter | Legal Advisor | Company | Advised on Swiss law for the IPO. |