Fimat Secures Majority Acquisition by Cartonpack Group
Deal News | Dec 17, 2024 | Finance Community IT - 1 Corporate M&A
Cartonpack Group, a prominent player in the multi-material food packaging sector, has acquired a majority stake in Fimat, a company recognized for its expertise in cardboard packaging within the food industry. The acquisition marks a significant consolidation move within the packaging industry, leveraging Fimat's established reputation. PwC Italia took on the role of Lead Financial Advisor to the sellers, represented by Fornaroli Group and Fimat, ensuring seamless execution of the M&A process. The legal aspects for the sellers were managed by PwC TLS, with specific responsibility for labor issues and tax matters handled by specialists within PwC's network. Cartonpack, on the other hand, was advised by Alpeggiani Avvocati Associati for legal proceedings, supported by a team that also addressed employment law matters.
Sectors
- Packaging Industry
- Corporate Finance
- Legal Services
Geography
- Italy – The companies involved are based in Italy, and the financial and legal advisors are Italian firms, indicating the transaction's geographic focus on Italy.
Industry
- Packaging Industry – The acquisition involves companies within the packaging industry, focusing on food packaging solutions.
- Corporate Finance – Involvement of PwC Italia and their role as financial advisor highlights the corporate finance sector.
- Legal Services – The transaction required extensive legal services involving multiple advisors, aligning with the legal industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cartonpack Group | Acquirer | Company | A company in the multi-material food packaging sector that acquired the majority stake in Fimat. |
| Fimat | Target Company | Company | A reputed company in the cardboard packaging industry, belonging to the Fornaroli Group. |
| Fornaroli Group | Selling Company | Company | The parent company of Fimat, involved in the sale transaction to Cartonpack. |
| PwC Italia | Financial Advisor | Company | Provided exclusive financial advisory services to the sellers in the transaction. |
| PwC TLS | Legal Advisor to Seller | Company | Handled legal, labor, and tax aspects of the transaction for the sellers. |
| Alpeggiani Avvocati Associati | Legal Advisor to Acquirer | Company | Provided legal advisory services to Cartonpack for the acquisition. |