Paresa: Management Secures Full Ownership in Buyout Deal
Deal News | May 22, 2025 | Finance Community IT - 1 Corporate M&A
Paresa, an Italian company specializing in the design, construction, and maintenance of storage tanks and facilities for managing liquid and gaseous hydrocarbons, has undergone a management buyout led by its executives Raffaele Cedioli, Enrico Sozzi, and Dante Ravaioli. This transition marks a new chapter as the Palladino family, who founded the company in 1978, exits their ownership, completing a fully consensual handover. Financial backing was orchestrated by RomagnaBanca, supported by a consortium including Cassa Centrale Banca, Banca Malatestiana, and others. The deal further reinforces the management's commitment to the company's strategic growth and international presence, notably in North Africa and the Middle East. In 2024, Paresa reported a production value of approximately €85 million, with EBITDA of €9 million, expecting to grow to €100 million production value in 2025.
Sectors
- Energy Infrastructure
- Financial Services
Geography
- Italy – Paresa is headquartered in Cesena, Italy, and the transaction has significant business operations and implications within the country.
- North Africa and Middle East – Paresa has been expanding its operations internationally with a notable presence in North Africa and the Middle East.
Industry
- Energy Infrastructure – Paresa operates in the sector of designing and maintaining storage facilities for liquid and gaseous hydrocarbons, making it part of the energy infrastructure industry.
- Financial Services – RomagnaBanca and other financial institutions provided the necessary financial support for the management buyout, involving financial services in this transaction.
Financials
- €85 million – Production value for Paresa in 2024.
- €9 million – EBITDA for Paresa in 2024.
- €100 million – Projected production value for Paresa in 2025.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Paresa | Target Company | Company | A company specializing in storage and management of liquid and gaseous hydrocarbons with a strong international presence. |
| Raffaele Cedioli | Management/Buyer | Person | One of the executives leading the management buyout of Paresa. |
| Enrico Sozzi | Management/Buyer | Person | One of the executives leading the management buyout of Paresa. |
| Dante Ravaioli | Management/Buyer | Person | One of the executives leading the management buyout of Paresa. |
| Family Palladino | Selling Company | People | Founders of Paresa, they sold their ownership to the current management. |
| RomagnaBanca | Financial Advisor | Company | Provided financial support for the management buyout, orchestrating a consortium of banks. |
| Studio Antonelli & Partners | Financial and Tax Consultant for Buyer | Company | Provided financial and tax consultancy to the buying management team. |
| Studio Spada-Buda | Tax Support for Seller | Company | Provided tax consultancy to the selling Palladino family. |
| Roberto and Riccardo Pinza | Legal Advisor for Seller | People | Handled legal and contractual aspects for the Palladino family during the sale. |
| Studio Porfiri | Notarial Services | Company | Handled the notarial aspect of the transactional agreement. |