EQUITA assisted Safil

K Finance - Mid-market M&A advisory
Safil 1954 1920x1080
Safil 1954 1920x1080

Safil bought 100 % of Erredi.

K Finance served as advisor to the buyers.
The aggregation with Erredi will enable Safil, which ended the last fiscal year with revenues of 38 million euros, to increase its sales to about 50 million euros and production to about 6-7 million kg. of yarn. Cesare Savio, chairman of Safil, said: "This industrial aggregation transaction is the latest step in a long-term collaboration with Erredi, whose technical know-how and commercial introduction in the knitting yarn market we have always appreciated, which will enable Safil to expand and strengthen its production chain and commercial penetration.” The legal aspects were handled by Avvocatidiimpresa, a newly established boutique specializing in investment and extraordinary finance transactions. Attorney Gianni Perino assisted Filatura Erredi, and Cravero & Associati advised the companies on tax and due diligence aspects.

 

The transaction in a nutshell

2005 10 Tombstone Safil Erredi

The aggregation with Erredi will enable Safil to increase its sales and production to about 6-7 million kg. of yarn.

Client:
Safil
Date:
May 2010
Mandate:
Safil acquired Erredi
Role:
Financial Advisor
Value:
Undisclosed
Team:
M&A advisory
Advisor:
EQUITA Mid Cap Advisory

The company

Safil is active in the production of unbleached yarns for apparel and knitwear.

Erredi, already a major customer of Safil, is active in dyeing knitting yarns.