EQUITA assisted Fidia

EQUITA K Finance - Mid-market M&A advisory
Fidia 1920x1080
Fidia 1920x1080

Futuro all’impresa (Fai) and Negma Group are investing in Fidia S.p.A. to initiate the arrangement with creditors as a going concern.

The Court of Ivrea approved the arrangement with creditors as a going concern on 24 June 2022.

The plan envisages the maintenance of business continuity for about 250 employees thanks to the injection of new capital of Euro 12 million, of which Euro 8 million will be allocated to repayment of creditors and Euro 4 million to the development of the industrial recovery plan.

Fidia was assisted by Equita K Finance (Clairfield Italy), part of Equita Group, as financial advisor for the M&A aspects, by the law firm Gianni & Origoni for the legal aspects, by PvG Consulting for the financial aspects.

FAI and Negma were assisted by Doria Associati, DWF and Gianni & Origoni for the legal aspects.

The transaction in a nutshell

2022 07 Tombstone Fidia FAI Negma

The plan envisages the maintenance of business continuity for about 250 employees thanks to the injection of new capital

Client:
Fidia
Date:
July 2022
Mandate:
Futuro all’impresa (Fai) and Negma Group are investing in Fidia S.p.A.
Role:
Financial Advisor
Value:
Undisclosed
Typology:
M&A advisory
Advisor:
EQUITA Mid Cap Advisory

The company

Fidia was founded in San Mauro Torinese (Turin) in 1974 by Giuseppe Morfino and his partners. The company has invested heavily over the years to create a system of subsidiaries and joint ventures in Germany, the USA, Spain, France, Brazil, China and Russia. For over twenty years since its foundation, it has specialised in the production of sophisticated numerical controls (CNC). In the early 1990s, it expanded its activities with the production of the first high-speed milling machines. The head office is located in San Mauro Torinese (Turin) and has a modern production facility in Forlì employing around 250 people. Turin-based company listed (since 2001) on the Mta of Borsa Italiana – Star segment – specialising in the design and manufacture of numerical controls (CNC) and high-speed milling machines (HSM) mainly for the automotive and aerospace sectors.

Futuro all’Impresa (Fai) an advisory and investment company specialising in M&A and restructuring transactions, was founded in 2008 in Brescia, promoted and managed by entrepreneurs, managers and management consultants. Fai is active in M&A, turnaround and direct investments.

Negma Group,  an investor specialising in hybrid equity and debt instruments based in Dubai and London, is an investment company specialising in supporting growth and value creation with a multi-strategy approach based in Dubai and London. It provides hybrid debt and equity solutions, private equity and quantitative trading strategies.