Mil Mil 76 Completes Acquisition of Alga Bio
Deal News | Feb 06, 2025 | Finance Community IT - 1 Corporate M&A
Mil Mil 76, a home care company fully owned by Mirato, has acquired Alga Bio, a firm known for its sustainable and eco-friendly cleaning products. PwC Deals played a crucial role in facilitating this acquisition by providing financial advisory services including due diligence, under the leadership of partner Elena Borghi and director Stella Guarino. Furthermore, PwC TLS supported Mil Mil 76 throughout the operation covering contractual and corporate aspects to complete the deal efficiently.
Sectors
- Home Care
- Sustainability
- Professional Services
Geography
- Italy – Mil Mil 76 and Alga Bio are both Italian companies, and the acquisition took place in Italy.
Industry
- Home Care – Mil Mil 76 operates within the Home Care industry, which involves products for household maintenance and cleaning.
- Sustainability – Alga Bio specializes in eco-friendly cleaning products, placing it in the Sustainability sector.
- Professional Services – PwC, a professional services firm, advised on the financial and legal aspects of the acquisition.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mil Mil 76 | Acquiring Company | Company | A home care company fully owned by Mirato, focused on household cleaning products. |
| Mirato | Parent Company | Company | The parent company of Mil Mil 76, operating within the home care sector. |
| Alga Bio | Target Company | Company | A company specialized in sustainable and eco-friendly detergents and soaps. |
| PwC Deals | Financial Advisor | Company | Advised Mil Mil 76 on the financial aspects and due diligence of the acquisition. |
| PwC TLS | Legal Advisor | Company | Provided legal, contractual, corporate, and tax due diligence advice for Mil Mil 76. |
| Elena Borghi | Partner at PwC | Person | Led the PwC Deals team advising Mil Mil 76. |
| Stella Guarino | Director at PwC | Person | Part of the PwC Deals team advising Mil Mil 76. |