Linset Joins White Lab in Strategic Expansion
Deal News | Dec 05, 2024 | Finance Community IT - 1 Corporate M&A
Ethica Group successfully facilitated the acquisition of a majority stake in Linset&Co by White Lab, a testing service platform backed by White Bridge Investments. Linset, a Fano-based advanced research and testing center with a decade's experience in composite materials testing, becomes part of White Lab's business unit focusing on destructive and non-destructive testing across sectors like automotive, aerospace, and defense. White Lab, formed in July 2022, intends to become a pivotal player in Italy's analysis and compliance services market, already operating 17 laboratories with over 450 employees and generating 60 million euros in revenue. The acquisition highlights White Lab's growth trajectory and ambition to expand its market influence, with Ethica Group providing M&A advisory, Athena Associati handling financial due diligence, and multiple legal advisories ensuring comprehensive coverage for the transaction.
Sectors
- Testing and Certification
- Private Equity
- Mergers and Acquisitions
Geography
- Italy – The geographic focus of the article is on Italy, where White Lab and Linset operate, emphasizing the strategic expansion within the Italian market.
Industry
- Testing and Certification – The acquisition of Linset by White Lab highlights the relevance of the testing and certification industry, focusing on composite materials testing across various sectors.
- Private Equity – White Bridge Investments involvement in the acquisition through its platform White Lab denotes the role of private equity in strategic business expansion.
- Mergers and Acquisitions – Ethica Group's role in facilitating the transaction points to significant M&A activity.
Financials
- 60 million euros – Aggregated revenue of the White Lab platform across 17 laboratories.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Linset&Co | Target Company | Company | An advanced research and testing center based in Fano, known for destructive and non-destructive testing of composite materials. |
| White Lab | Bidding Company/Buyer | Company | A testing service platform supported by White Bridge Investments, aiming to expand its market influence in Italy. |
| White Bridge Investments | Private Equity Firm | Company | Provides backing for White Lab and supports its expansion strategy. |
| Ethica Group | M&A Advisory | Company | Assisted White Lab in the acquisition process. |
| Athena Associati | Financial Due Diligence | Company | Provided due diligence support for the financial aspects of the acquisition. |
| Dentons | Legal Advisor | Company | Handled legal aspects of the transaction, including due diligence and contract law. |
| Giovannelli and Associati | Legal Advisor for Financing | Company | Provided legal support for financing aspects of the deal. |
| Rossini Advisory | Advisor for Selling Company | Company | Assisted the selling shareholders with financial aspects of the transaction. |
| Studio Legale LCA | Legal Advisor for Selling Company | Company | Provided legal advice to the selling shareholders. |
| Studio Dottori Commercialisti Baruffa-Caponi | Accounting Advisor for Selling Company | Company | Handled accounting aspects for the selling shareholders. |