Reway Group acquires 60% stake in Vega Engineering
Deal News | Dec 04, 2024 | Finance Community IT - 1 Corporate M&A
Reway Group, an Italian company specializing in infrastructure rehabilitation, has completed the acquisition of a 60% stake in Vega Engineering. This acquisition underscores Reway's aim to bolster its foothold in the multidisciplinary engineering sector, integrating Vega's expertise in road, railway, civil, and industrial infrastructure design. With an enterprise value of 3.6 million euros, the deal comprised a combination of internal capital and a reserved capital increase for Vega's shareholders. Advisors for the transaction include Grimaldi Alliance as the legal consultant, RSM as the financial advisor, Baker Tilly Italia Tax overseeing tax and labor law aspects, and Milano Notai, with notary Stefania Anzelini facilitating necessary corporate formalities.
Sectors
- Infrastructure
- Engineering Services
- Mergers and Acquisitions (M&A)
Geography
- Italy – Reway Group is an Italian company and the transaction involves Vega Engineering, also based in Italy.
Industry
- Infrastructure – The acquisition is in the context of infrastructure engineering, covering roads, railways, and civil projects.
- Engineering Services – Vega Engineering specializes in multidisciplinary engineering services, making this relevant to the deal.
- Mergers and Acquisitions (M&A) – The article discusses a specific M&A transaction between Reway Group and Vega Engineering.
Financials
- 3.6 million euros – Enterprise value of the Vega Engineering acquisition.
- 1.8 million euros – Internal capital used in the acquisition.
- 1.8 million euros – Capital increase reserved for the shareholders of Vega Engineering.
- 5.1 million euros – Total equity value of the transaction, reflecting the cash-positive financial position of Vega Engineering.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Reway Group | Buyer | Company | An Italian operator active in road and highway infrastructure rehabilitation and maintenance, including railways. |
| Vega Engineering | Target | Company | A multidisciplinary engineering company specializing in infrastructure project design. |
| Grimaldi Alliance | Legal Advisor | Company | Provided legal advisory services to Reway Group in this transaction. |
| RSM | Financial Advisor | Company | Provided financial advisory services with Nicola Tufo and Fabiano Guarino leading the team. |
| Baker Tilly Italia Tax | Tax Advisor | Company | Handled tax and labor law advisory for the acquisition. |
| Milano Notai | Notary | Company | Provided notary services, especially for the capital increase and acquisition formalities. |
| Stefania Anzelini | Notary | Person | A notary at Milano Notai who oversaw the corporate formalities of the acquisition. |
| Nicola Tufo | Partner at RSM | Person | Led the financial advisory team at RSM. |
| Fabiano Guarino | Senior Manager at RSM | Person | Part of the financial advisory team at RSM. |