SPIG and GMAB Transition to Auctus Capital Partners
Deal News | Nov 04, 2024 | Finance Community IT - 3 Private Equity
Auctus Capital Partners, a German-Italian private equity firm, has acquired 98.25% of the equity in SPIG, an Italian company specializing in industrial cooling systems, and GMAB, a Swedish firm focusing on industrial fume treatment systems. This deal was co-invested by SPIG's CEO and CFO, who acquired the remaining 1.75% stake. The companies were sold by the U.S.-based energy and environmental services provider Babcock & Wilcox Enterprises, Inc. The transaction was financed by a consortium of investors including Anthilia Capital Partners SGR, Green Arrow Capital SGR, and Ver Capital. The acquisition process was supported by multiple advisors, including PedersoliGattai for legal and fiscal aspects, EY for financial due diligence, and Nomura as financial advisor to Babcock & Wilcox. Additionally, Russo De Rossa Associati provided legal and fiscal structuring assistance to the management team. Auctus sees this acquisition as a key move given the global demand for environmentally friendly industrial solutions, and the strategic guidance from an excellent management team is expected to contribute to its success.
Sectors
- Private Equity
- Industrial Engineering
- Environmental Technology
Geography
- Italy – SPIG is an Italian company and part of its management is involved in the transaction.
- Sweden – GMAB is a Swedish company involved in the acquisition.
- United States – Babcock & Wilcox Enterprises, Inc., the selling company, is based in the U.S.
- Germany – Auctus Capital Partners is a German-Italian private equity firm involved in the acquisition.
Industry
- Private Equity – The transaction involves a private equity firm, Auctus Capital Partners, acquiring major stakes in two companies.
- Industrial Engineering – SPIG and GMAB operate in the industrial engineering sector, focusing on cooling systems and fume treatment respectively.
- Environmental Technology – The acquisition highlights the importance of sustainable and environmentally friendly industrial solutions.
Financials
- 98.25% – The percentage of equity acquired by Auctus Capital Partners in SPIG and GMAB.
- 1.75% – The equity stake acquired by SPIG's CEO and CFO.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Auctus Capital Partners | Acquirer | Company | A German-Italian private equity firm acquiring the majority share in SPIG and GMAB. |
| SPIG | Target | Company | An Italian company specializing in industrial cooling systems. |
| GMAB | Target | Company | A Swedish company specializing in industrial fume treatment systems. |
| Babcock & Wilcox Enterprises, Inc. | Seller | Company | A U.S.-based energy and environmental services provider selling its stakes in SPIG and GMAB. |
| Anthilia Capital Partners SGR | Investor | Company | Part of the consortium that financed the acquisition deal. |
| Green Arrow Capital SGR | Investor | Company | Part of the consortium that financed the acquisition deal. |
| Ver Capital | Investor | Company | Part of the consortium that financed the acquisition deal. |
| Nicolas Himmelmann | Managing Partner | Person | Managing Partner at Auctus Capital Partners involved in the transaction. |
| Marco Bortot | Head of Auctus Italy | Person | Head of Auctus Italy, playing a key role in the acquisition. |
| PedersoliGattai | Legal and Fiscal Advisor | Company | Provided legal and fiscal advice for the acquisition. |
| EY | Financial Due Diligence | Company | Conducted financial due diligence for the transaction. |
| Nomura | Financial Advisor | Company | Served as financial advisor to the seller, Babcock & Wilcox. |
| Alberto Galantini | CEO of SPIG | Person | Co-investor, acquiring a minority stake in the company. |
| Costante Alver | CFO of SPIG | Person | Co-investor, acquiring a minority stake in the company. |
| Russo De Rossa Associati | Legal Advisor | Company | Advised the management team in structuring their reinvestment. |