Solina SA Expands with Majority Stake Acquisition of M.T.A.
Deal News | Dec 03, 2024 | Finance Community IT - 3 Private Equity
Solina SA, a European leader in the production of ingredient mixes and seasonings for the food industry, has acquired a majority stake in M.T.A., an Italian company known for producing ingredients, additives, and flavors, particularly for processed meats. Solina, backed by the private equity firm Astorg, generates a revenue of 1.5 billion euros and serves 18,000 clients worldwide. The strategic acquisition of M.T.A., active for over four decades, is a significant step in Solina’s strategy to enhance its market presence in Southern Europe, particularly Italy. Financial advisory for the transaction was provided by Investis Advisory (Banca Investis Group), with legal and corporate aspects managed by PedersoliGattai, and due diligence conducted by EY teams in Italy and France. Ermanno Restano, with Finerre, acted as a co-advisor on the buy-side. The sellers were advised financially by Michele Bertoli of Studio CMBZ in Parma and legally by Studio Villa & Partners. This acquisition allows Solina to strengthen its B2B meat sector offerings and aims for global market leadership.
Sectors
- Food Industry
- Private Equity
- Advisory Services
Geography
- Europe – Solina operates widely within Europe, and this acquisition exemplifies its expansion within the continent.
- Italy – The acquisition of M.T.A. signifies Solina's strategic growth into the Italian market.
Industry
- Food Industry – The acquisition involves companies producing ingredients and additives for the food industry.
- Private Equity – Astorg, a private equity firm, holds Solina, which undertook the acquisition.
- Advisory Services – Investis Advisory, EY, and other advisory firms were involved in facilitating the transaction.
Financials
- 1.5 billion euros – Annual revenue of Solina SA.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Solina SA | Acquirer | Company | A European company active in ingredient and seasoning production, backed by Astorg. |
| M.T.A. | Target | Company | An Italian company specializing in food industry ingredients, particularly for processed meats. |
| Astorg | Owner of Acquirer | Company | A private equity firm holding Solina SA. |
| Investis Advisory | Financial Advisor | Company | Provided financial advisory services for the acquisition. |
| PedersoliGattai | Legal Advisor | Company | Provided legal services for the transaction. |
| EY | Due Diligence | Company | Conducted financial, tax, and payroll due diligence in Italy and France. |
| Finerre | Co-advisor | Company | Assisted in advising the buy-side of the acquisition. |
| Studio CMBZ | Financial Advisor to Vendor | Company | Advised the sellers on financial matters. |
| Studio Villa & Partners | Legal Advisor to Vendor | Company | Advised the sellers on legal issues. |