Fulgard Acquisition Complete as Seven2 Takes the Helm
Deal News | Jan 16, 2025 | PedersoliGattai
The acquisition of Fulgard by Seven2, formerly known as Apax Partners, has been completed. This midcap private equity fund acquired the entire share capital of Fulgard from its current shareholders, which included Argos Wityu and other minority shareholders, some of whom are managers within the company. A senior secured bond was issued by a vehicle company controlled by Seven2 to finance this acquisition as well as to refinance the existing bond debt. The bond was subscribed by funds from Partners Group and LGT Capital Partners on behalf of their clients. PedersoliGattai advised the latter parties in the transaction with a team led by Partner Gian Luca Coggiola. Fiscal matters were supervised by Senior Counsel Alban Zaimaj and Counsel Valentina Buzzi, under the oversight of Partner Cristiano Garbarini. Furthermore, PedersoliGattai also assisted Banca Finint in various roles such as Issuing Agent and Noteholders Representative, with a team directed by Partner Emanuela Campari Bernacchi.
Sectors
- Private Equity
- Corporate Finance
- Legal Advisory
- Financial Services
Geography
- Europe – Seven2, the acquirer, and Argos Wityu, a shareholder, both participate within the European private equity market.
- Italy – PedersoliGattai, the legal advisor in the transaction, is based in Italy, indicating a significant operational connection.
Industry
- Private Equity – The acquisition concerns a transaction by a private equity firm involving the purchase of a company's capital.
- Corporate Finance – The transaction involved issuance of bonds and refinancing of existing debts as part of the acquisition process.
- Legal Advisory – The legal aspects of the acquisition were managed by a law firm, indicating the role of legal advisory services.
- Financial Services – The involvement of Banca Finint as the Issuing Agent and others indicates financial services participation.
Financials
- Not Specified – A senior secured bond was issued to finance the acquisition and refinance existing debt.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Fulgard | Target | Company | The company being acquired. |
| Seven2 | Acquirer | Company | The private equity fund that acquired Fulgard. |
| Argos Wityu | Vendor | Company | The pan-European private equity firm selling its stake in Fulgard. |
| Partners Group | Investor | Company | Subscribed to the bond issued to finance the acquisition. |
| LGT Capital Partners | Investor | Company | Subscribed to the bond for acquisition financing. |
| PedersoliGattai | Legal Advisor | Company | Provided legal services for the transaction. |
| Banca Finint | Issuing Agent | Company | Served as Issuing Agent, Paying Agent, Security Agent, and Noteholders Representative. |
| Gian Luca Coggiola | Lead Legal Advisor | Person | Partner at PedersoliGattai leading the legal advisory team. |
| Alban Zaimaj | Fiscal Advisor | Person | Senior Counsel handling tax aspects at PedersoliGattai. |
| Valentina Buzzi | Fiscal Advisor | Person | Counsel involved in tax matters at PedersoliGattai. |
| Cristiano Garbarini | Supervising Partner | Person | Partner supervising fiscal aspects at PedersoliGattai. |
| Emanuela Campari Bernacchi | Issuing Agent Legal Lead | Person | Partner at PedersoliGattai directing the team assisting Banca Finint. |