EQUITA assisted Lazzerini

K Finance - Mid-market M&A advisory
Lazzerini 1920x1080
Lazzerini 1920x1080

B4 Investimenti SGR S.p.A., acquires control of Lazzerini, a historic company active on a global scale in the design, production and marketing of passenger seats (and components) for means of transport (mainly buses), through the fund B4 H II – EuVECA Fund, via a buy-out operation in partnership with the company’s top managers.

Lazzerini and its shareholders were assisted by K Finance (Clairfield Italy) as financial advisor, by Pedersoli Studio Legale for legal issues and by Sistema for accounting and tax aspects.

B4 Investimenti SGR S.p.A. was supported on legal aspects by Gianni Origoni Grippo Cappelli & Partners, while due diligence was carried out with the assistance, respectively, of PwC’s financial due diligence team for accounting and financial aspects, of PwC’s tax team for tax and labour aspects and of foreign firms Valla & Associates and Thomson Geer for legal aspects, respectively, in the United States and Australia. Studio Gusmitta assisted the tax and corporate structuring of the transaction.

The partnership project between the top management of Lazzerini and B4 aims to allow the Group to carry out a further ‘step up’ in the path of growth and development, with the aim of increasing its presence abroad, mainly through the development of subsidiaries in the United States and Australia and thus consolidate the position of Lazzerini as a successful global player in the market for passenger seats for means of transport (buses, but also trains and special vehicles).

The transaction in a nutshell

2019 09 Tombstone Lazzerini B4 Investimenti

The partnership project between Lazzerini's top management and B4 aims to increase the Group's presence abroad

October 2019
B4 Investimenti SGR S.p.A. acquires control of Lazzerini
Financial Advisor
M&A advisory
EQUITA Mid Cap Advisory

The company

Lazzerini S.r.l., founded in 1967 by Mr. Lazzerini, with headquarters in Monsano (Ancona, Italy), is present in a sector that on a global scale has a turnover of over Euro 2.5 billion, with significant historical and expected growth rates. In 2018 the Group generated consolidated turnover (pro-forma, including the Australian business) of over Euro 27 million (of which about 75% abroad – the main geographic market: UK, Australia, Italy, Hong Kong and New Zealand) and a margin (in terms of EBITDA) of more than 10%.