Maire Invites Azzurra Capital into Nextchem Shareholdings
Deal News | Mar 04, 2025 | Finance Community IT - 3 Private Equity
Maire, a company engaged in developing and implementing innovative technologies for energy transition, has signed an agreement for Azzurra Capital to enter Nextchem's shareholding. Nextchem is a Maire subsidiary leading the Sustainable Technology Solutions unit. EQUITA acted as the financial advisor for Maire, with a team led by Marco Clerici and Edoardo Schiavina. The transaction involves Azzurra Capital acquiring an 8% stake in Nextchem for €110 million, implying a total valuation of €1.4 billion for the company. Post-transaction, Maire will hold 82%, Azzurra Capital 8%, and both Yousef Al Nowais and Maire Investments will hold 5% each. The closing of the deal is expected by May 2025. Azzurra Capital aims to enhance Nextchem's role as a major technological player in the energy transition.
Sectors
- Energy Transition
- Financial Advisory
Geography
- Italy – Maire is an Italian company and the transaction involves Italian financial advisor EQUITA.
Industry
- Energy Transition – The article focuses on Nextchem, a player in the development of technologies supporting the transition to sustainable energy, which is a part of Maire's strategic interests.
- Financial Advisory – EQUITA's role as the financial advisor in the transaction involving Maire and Azzurra Capital indicates the relevance of this industry in the financial structuring and advisory services.
Financials
- 110 million euros – The purchase price for an 8% stake in Nextchem by Azzurra Capital.
- 1.4 billion euros – The implied valuation of 100% of Nextchem.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Maire | Vendor | Company | An Italian company focused on the development and implementation of innovative technologies for energy transition. |
| Azzurra Capital | Buyer | Private Equity | A private equity firm acquiring an 8% stake in Nextchem. |
| Nextchem | Target Company | Company | A subsidiary of Maire leading the Sustainable Technology Solutions business unit. |
| EQUITA | Financial Advisor | Company | Provided financial advisory services to Maire for the transaction. |
| Yousef Al Nowais | Shareholder | Person | Holds a 5% stake in Nextchem post-transaction. |
| Maire Investments | Shareholder | Company | Holds a 5% stake in Nextchem post-transaction. |