EQUITA assisted Sedoc Digital Group


K Finance has advised the managers of Sedoc Digital Group, ICT company headquartered in Reggio Emilia (Italy), in the acquisition of 70% of the Company from Mariella Burani Fashion Group, thus reaching 100%.
“We have advised the managers (lead by the Chairman Fabio Leonardi) who already owned 30% – says Andrea Bianchini, team leader for K Finance together with the President Giuseppe Grasso – in preparing the business plan, arranging the financing with a pool of local banks and preparing the transaction with the receivership of MBFG, a large Italian group currently under a bankruptcy procedure”.
The price of the acquisition has been Euro 3.2 million, financed for 1 million by the managers (through the Company Atena) and for the remaining part by the banks that have made available credit lines for 7 million for the acquisition and for the refinancing of Sedoc’s debt. The agreement reached with Mariella Burani managers is very important because it maintains 95% of the employees.