Wisecap Sells 35% Stake to European Investment Office
Deal News | Nov 12, 2024 | Finance Community IT - 3 Private Equity
DeA Capital Alternative Funds, via its private equity fund IDeA Taste of Italy, has sold its 35% stake in Wisecap, a leading European closure systems company, to a European investment office. The deal aims to accelerate Wisecap's growth alongside the Delfanti family, which retains its controlling interest. Advisors in the transaction included Tyche Finance for financial advisory, Gianni & Origoni for legal, KPMG for accounting and tax, goetzpartners for business analysis, and Marsh for insurance aspects. Since IDeA's investment in 2017, Wisecap has experienced significant growth, increasing its turnover from €40 million to over €100 million, driven by new product lines and key multinational contracts. Future plans include further international expansion and potential acquisitions supported by the new investor.
Sectors
- Private Equity
- Manufacturing
- Beverage
Geography
- Italy – Wisecap was founded in Piacenza, Italy, and is part of the transaction involving Italian-based DeA Capital.
- Europe – The new investor in Wisecap is a European investment office, emphasizing the pan-European nature of the deal.
Industry
- Private Equity – IDeA Taste of Italy, managed by DeA Capital Alternative Funds, is a private equity fund involved in the transaction.
- Manufacturing – Wisecap is a major player in the manufacturing of beverage closure systems, indicating its relevance in the manufacturing sector.
- Beverage – Wisecap serves the beverage industry by producing closures for mineral water and soft drink bottlers.
Financials
- 35% – The stake in Wisecap that was sold by IDeA Taste of Italy.
- €100 million – Wisecap's revenue following growth facilitated by the investment.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Wisecap | Target Company | Company | A leading European company specializing in closure systems for the beverage industry. |
| DeA Capital Alternative Funds | Selling Company | Company | A private equity firm and part of De Agostini Group, sold its stake in Wisecap. |
| IDeA Taste of Italy | PE Fund | Company | A private equity fund managed by DeA Capital Alternative Funds involved in the transaction. |
| European Investment Office | Bidding Company | Company | The purchasing entity acquiring a 35% stake in Wisecap. |
| Family Delfanti | Controlling Shareholder | People | Holders of a 65% controlling stake in Wisecap, continuing their commitment post-transaction. |
| Tyche Finance | Financial Advisor | Company | Provided financial advisory services for the transaction. |
| Gianni & Origoni | Legal Advisor | Company | Legal advisory firm involved in the transaction. |
| KPMG | Accounting and Tax Advisor | Company | Advised on accounting and tax issues in the transaction. |
| goetzpartners | Business Analysis | Company | Conducted business analysis for the transaction. |
| Marsh | Insurance Advisor | Company | Provided insurance advisory services for the transaction. |
| PedersoliGattai | Legal Advisor | Company | Advised the Delfanti family in the transaction. |