Pasquarelli Auto Acquires Sesto Autoveicoli
Deal News | May 27, 2025 | Finance Community IT - 1 Corporate M&A
Pasquarelli Auto, a mobility provider based in San Salvo and listed on Euronext Growth Milan, has acquired a 67% stake in Sesto Autoveicoli for a total of €4.35 million. The transaction consists of an initial payment of €2.75 million at closing, followed by €1.6 million a year later. Autouno Group will acquire the remaining 33% stake. Pasquarelli Auto will finance the acquisition through bank loans and existing liquidity. The acquisition aligns with Pasquarelli Auto's external growth strategy, enhancing its presence in northern Italy and generating multiple synergies. Sesto Autoveicoli, founded in 1963, employs 147 people and is an official dealer for brands such as Audi and Volkswagen. The acquisition, expected to close by June 2025, involves the purchase of Sesto's property and entry into existing lease agreements. The governance of Sesto Autoveicoli will be jointly appointed by Pasquarelli Auto and Autouno Group, with plans for a comprehensive relaunch and development strategy. The move is strategic for consolidating Pasquarelli Auto's role in the automotive sector, especially in Lombardy, which leads in vehicle registrations. Industry advisors like Integrae sim, DWF Italian Branch, RSM, and Arkios Italy were involved in the transaction.
Sectors
- Automotive Industry
- Financial Services Industry
- Legal Advisory Industry
Geography
- Italy – The acquisition involves Italian companies, and the transaction significantly impacts the automotive sector in regions like Lombardy.
- Lombardy – Specifically mentioned as a key region for the acquired company, Sesto Autoveicoli, and important in the strategic expansion for Pasquarelli Auto.
Industry
- Automotive Industry – Relevant as the article discusses the acquisition involving automotive dealerships and mobility services.
- Financial Services Industry – Relevant due to the financial advisory services involved in the acquisition and the details of funding used for the transaction.
- Legal Advisory Industry – Involved in the transaction for legal guidance and advisory services, critical for structuring the acquisition.
Financials
- €4,350,000 – Total consideration paid by Pasquarelli Auto for 67% of Sesto Autoveicoli.
- €2,750,000 – Initial payment amount at the closing of the acquisition.
- €1,600,000 – Deferred payment due 12 months after the closing of the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Pasquarelli Auto | Bidding Company | Company | A mobility provider based in San Salvo, specializing in vehicle sales and rentals, now acquiring a majority stake in Sesto Autoveicoli. |
| Sesto Autoveicoli | Target Company | Company | A long-standing automotive dealership in Italy, targeted in the acquisition for expansion into Northern Italy's automotive market. |
| Autouno Group | Buyer | Company | Joining Pasquarelli Auto to acquire the remaining stake in Sesto Autoveicoli, enhancing their reach in the automotive domain. |
| Integrae sim | Advisor Industrial | Company | Provided industrial advisory services to Pasquarelli Auto and Autouno Group in the acquisition. |
| DWF Italian Branch | Legal Advisor | Company | Served as legal advisor to Pasquarelli Auto and Autouno Group in the acquisition process. |
| RSM | Financial Advisor | Company | Provided financial, fiscal, and payroll advisory services for the acquisition. |
| Arkios Italy | Financial Advisor | Company | Served as financial advisor to Sesto Autoveicoli and the sellers, guiding finance and M&A elements of the deal. |
| Gitti and Partners | Legal Advisor | Company | Acted as legal advisor for Sesto Autoveicoli and Autouno Group. |