EQUITA assisted IMR Automotive
IMR Automotive S.p.A., a leader in molding exterior plastic components for the luxury car and truck industry, has acquired 81.25% of Industrialesud S.p.A., an Italian company active in the same sector. The remaining 18.75% was purchased by Simest, the arm of Cassa Depositi e Prestiti supporting Italian companies.
For IMR Automotive S.p.A., K Finance, the Italian partner of Clairfield International, acted as financial advisor, Shearman & Sterling LLP as legal advisor. Accounting, Environmental and Business Due Diligence were completed by KPMG, Roland Berger and Tauw.
The transaction was financed by a syndicate of banks, led by Banca IMI, and included full refinancing of the two companies´ debt.
Matteo Galmarini, a member of IMR´s family of owners and the company´s CFO, said: ´We are very pleased with the acquisition of IS, which will enable us to preside even more effectively over the European automotive market and further diversify our offering. The transaction was long and complex and the role of K Finance was fundamental in managing all the players involved, counterparty, the pool of banks and Simest.´