Fulgard Acquired by Seven2 in Private Equity Deal
Deal News | Jan 16, 2025 | PedersoliGattai
PedersoliGattai played a central advisory role in the acquisition of Fulgard by Seven2, a midcap private equity firm. This transaction involved acquiring the entire share capital of Fulgard, previously owned by Argos Wityu and minority managers, through a senior secured bond financing. The bond issuance, controlled via a special purpose vehicle by Seven2, was subscribed to by funds managed by Partners Group and LGT Capital Partners. Partners Group and LGT Capital Partners were guided by PedersoliGattai's legal team, which included specialists in tax law to handle all necessary tax structuring. Banca Finint acted as the Issuing and Paying Agent, among other roles, with support from their advisory team.
Sectors
- Private Equity
- Financial Services
- Legal Advisory
Geography
- Italy – The advisory firm PedersoliGattai is based in Italy, which indicates Italian involvement in the legal advisory and financial services sectors in this transaction.
Industry
- Private Equity – The acquisition of Fulgard by the midcap private equity fund Seven2 highlights activity in the private equity sector.
- Financial Services – The issuance of a senior secured bond and involvement of Banca Finint as Issuing Agent and other roles point to the financial services industry.
- Legal Advisory – PedersoliGattai's role in providing legal advice and structuring highlights the legal advisory industry prevalent in M&A transactions.
Financials
- Not specified – The financial terms of the acquisition, including the bond value for the transaction, were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Fulgard | Target company | Company | The company acquired by Seven2. |
| Seven2 | Bidding company / Buyer | Company | The midcap private equity fund that acquired Fulgard. |
| Argos Wityu | Vendor / Selling Company | Company | A shareholder of Fulgard who sold its stake during the acquisition. |
| Partners Group | Financial backer | Company | Subscribed to the bond to finance the acquisition. |
| LGT Capital Partners | Financial backer | Company | Joined Partners Group in subscribing to the bond. |
| PedersoliGattai | Legal advisor | Company | Provided comprehensive legal advisory services for the transaction. |
| Banca Finint | Issuing Agent, Paying Agent, Security Agent, Noteholders Representative | Company | Provided multiple key roles in the bond issuance process. |