Puro Water Technology Secures Majority Acquisition by IL CLUB DEAL OMH 7
Deal News | Dec 13, 2024 | Finance Community IT - 1 Corporate M&A
The IL CLUB DEAL OMH 7, a club deal promoted and managed by Studio Sebastiani and Ocean Merchant Industrial Partners, has acquired the majority stake in Puro Water Technology, a company based in Parma, Italy. Puro, known for designing and creating technological components for industrial water treatment plants, operates in the food & beverage, dairy, and pharmaceutical sectors. The founders, the Delsante brothers, are reinvesting in the minority share of the company, maintaining full operational and industrial management control. The acquisition aims to support Puro's expansion in national and international markets, with plans for new commercial channels and potential acquisitions to establish a national industry leader. Ocean Merchant Corporate Finance provided financial advisory, with additional assistance from Epyonvivida, Dusano Consulting, and Avvocati di Impresa. Puro received financial advisory from Arturo Giuseppe, while Andrea Bettuzzi and David John Ferrari managed legal, fiscal, and accounting aspects, and Notary Margherita Vanoli handled notarial issues. Dentons assisted Banco BMP with financing. The operational site in Traversetolo, Italy, measures around 3,000 square meters, with projected 2024 revenues and EBITDA adj. of €6 million and €2.3 million, respectively.
Sectors
- Water Technology
- Private Equity
Geography
- Italy – Both Puro Water Technology and the acquiring entity IL CLUB DEAL OMH 7 operate within Italy, with Puro based in Parma.
Industry
- Water Technology – Puro Water Technology specializes in designing and producing components for industrial water treatment plants, particularly in the food & beverage, dairy, and pharmaceutical sectors.
- Private Equity – IL CLUB DEAL OMH 7 and its partners are involved in acquiring and investing in Puro, a typical example of private equity investment activity.
Financials
- €6 million – Projected 2024 revenue for Puro Water Technology.
- €2.3 million – Projected 2024 EBITDA Adj. for Puro Water Technology.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Puro Water Technology | Target | Company | A company that designs and manufactures components for industrial water treatment systems. |
| IL CLUB DEAL OMH 7 | Bidding Company | Company | The club deal promoted and managed by Studio Sebastiani and Ocean Merchant Industrial Partners, acquiring the majority stake in Puro. |
| Studio Sebastiani | Promoter/Manager | Company | Promoter and manager of the acquisition deal as part of IL CLUB DEAL OMH 7. |
| Ocean Merchant Industrial Partners | Promoter/Manager | Company | Promoter and manager of the acquisition deal as part of IL CLUB DEAL OMH 7. |
| Ocean Merchant Corporate Finance | Financial Advisor | Company | Advised the investors on financial matters for the acquisition. |
| Epyonvivida | Accounting Advisor | Company | Provided accounting advisory services for the acquisition. |
| Dusano Consulting | Legal Labor and Tax Advisor | Company | Advised on labor law and tax issues for the investors. |
| Interstudio | Environmental and Safety Due Diligence | Company | Conducted environmental and safety due diligence for the investors. |
| Avvocati di Impresa | Legal Advisor | Company | Provided legal advisory services to the investors. |
| Arturo Giuseppe | Financial Advisor | Company | Provided financial advisory services to Puro. |
| Andrea Bettuzzi | Legal, Fiscal, and Accounting Advisor | Person | Provided legal, fiscal, and accounting advisory for Puro. |
| David John Ferrari | Legal, Fiscal, and Accounting Advisor | Person | Provided legal, fiscal, and accounting advisory for Puro. |
| Margherita Vanoli | Notary | Person | Handled the notarial aspects of the operation. |
| Dentons | Legal Advisor | Company | Advised Banco BMP on financing for the acquisition. |
| Banco BMP | Financier | Company | Provided financing for the acquisition transaction. |
| Delsante Brothers | Founders/Re-investors | People | Founders of Puro Water Technology who are reinvesting in the company. |