EQUITA assisted Optoplast

EQUITA K Finance - Mid-market M&A advisory
Optoplast
Optoplast

Star Capital S.G.R. S.p.A., through the Star IV Private Equity Fund, has finalised the acquisition of a 70% stake in Optoplast S.p.A., a company focused on the production of connectivity for fibre optic cables for the Telecom & Broadcasting industries. In this transaction, the founding shareholders retained a 30% stake in the company and, some of them, will continue to be involved in the business with the aim of supporting the ambitious growth plan shared with Star Capital.

In this transaction the sellers were assisted by Equita K Finance, partner of Clairfield International and part of Equita Group. Weigmann law firm in Turin assisted the Sellers in the contractual and legal aspects of the deal and the law firm Ginisio & Bauchiero handled the tax aspects.
Star Capital SGR S.p.A. was assisted by Giliberti Triscornia & Associati for the legal aspects of the deal and by Russo De Rosa Associati for the tax aspects. Deloitte handled the financial and market due diligence, Confluence the ESG aspects and ERM the environmental aspects.
The acquisition was financed through a bank loan provided by Illimity Bank S.p.A. and Banca Sella S.p.A.

Marco Gazzaniga, CEO of Star Capital, who conducted the transaction together with Carlo Arteria, commented: ‘Optoplast is a leading company in its niche market and has great potential for growth. Fibre optics is of strategic importance for the modernisation of infrastructures in Italy and abroad, and the technology developed by the company is capable of responding to these needs: by collaborating with the current management, and eventually strengthening it, we truly believe that we can become the reference player in this sector.”

Gianni Spadaro, shareholder and CEO of the Company, said: ‘We are very pleased to have signed this partnership with Star Capital and we warmly welcome this transaction, the aim of which is to make Optoplast a key player in the connectivity sector, in Italy and abroad.”

The transaction in a nutshell

2023 01 Tombstone Optoplast StarCapital

The aim of this transaction is to make Optoplast a key player in the connectivity sector in Italy and abroad

Client:
Optoplast S.p.A.
Date:
January 2023
Mandate:
Star Capital S.G.R. S.p.A. has finalised the acquisition of a 70% stake in Optoplast S.p.A.
Role:
Financial Advisor
Value:
Undisclosed
Typology:
M&A advisory
Advisor:
EQUITA Mid Cap Advisory

The company

Star Capital is an Italian private equity investor specialised in development and integration projects for small/medium-sized companies, which decided to invest in Optoplast with the aim of creating a group of companies with technological and market synergies in the world of telecommunications and in copper and fibre optic connectivity in general. This transaction is the sixth acquisition of the Star IV Private Equity Fund, the fourth private equity fund managed by Star Capital SGR S.p.A.

Optoplast, incorporated in 1988, is based in Turin and has production plants in L’Aquila and Mesero (Milano) and, through its subsidiaries Lightech S.r.l. and Fibros S.r.l., is also present in Capriate (Bergamo) and Naples. The Company, Euro 22 million sales and 25% Ebitda margin, is mainly active in Italy (about 65% of turnover) where it sells to OEMs, installers, distributors and system integrators. The large investments in fibre-optic infrastructure planned in Italy by the NRRP will provide the Company with a further opportunity for growth and consolidation in the coming years. In addition to this, Star Capital aims to promote a growth plan also through acquisitions.