EQUITA assisted Sedoc Digital Group

K Finance - Mid-market M&A advisory
Sedoc
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.

The transaction in a nutshell

2011 05 Tombstone Sedoc MariellaBurani

The price of the acquisition has been Euro 3.2 million, financed for 1 million by the managers and for the remaining part by the banks

Client:
Sedoc Digital Group
Date:
May 2011
Mandate:
The managers of Sedoc Digital Group acquired 70% of the Company from Mariella Burani Fashion Group
Role:
Financial Advisory
Value:
€ 3 m
Team:
M&A advisory
Advisor:
EQUITA Mid Cap Advisory

The company

Sedoc group has a turnover of about Euro 50 million, 11 offices all over Italy and more than 7000 clients, among which Ducati, Parmalat, Iren, Wind. Sedoc sells software for small and medium enterprises, installs networks as a system integrator and distributes hardware.