EQUITA advised Star Connect

EQUITA Mid Cap Advisory - Mid-market M&A advisory
StarConnect Optoplast 1920x1080
StarConnect Optoplast 1920x1080

Star Connect, an Italian leader in the production and distribution of connectivity solutions and passive components for fibre optic networks, has acquired Percon, a historic Spanish company specialising in professional cabling solutions for the Broadcasting and Multimedia sectors.

The Transaction is part of the broader aggregation project that Star Connect, led by Chairman Gianni Spadaro and CEO Marco Viarenghi, is implementing in the fibre optic sector and aims to strengthen the group in the Broadcasting sector. German and Domenec Permanyer, Percon's reference shareholders, will continue to be involved in the management of the company in order to support its ambitious growth plan shared with Star Connect, of which, as part of the Transaction, they acquired a minority stake.

In this transaction Star Connect was advised by the Mid Cap Advisory team of EQUITA, exclusive partner of Clairfield International in Italy, and by Clairfield Spain as financial advisor.  Deloitte handled the due diligence and provided legal and tax assistance in the transaction. The Law Firm of Giliberti Triscornia And Associates also assisted Star Connect with regard to the corporate and legal aspects of the reinvestment of Percon shareholders.

Percon and its shareholders were advised by Barcelona-based financial advisor ILV SILVER, which also provided legal and tax advice to Percon's shareholders.

The transaction in a nutshell

2024 10 Tombstone StarConnect Percon

The Transaction is part of the broader aggregation project that Star Connect is implementing in the fibre optic sector and aims to strengthen the group in the Broadcasting sector.

Client:
Star Connect
Date:
October 2024
Mandate:
Star Connect has acquired Percon
Role:
Financial Advisor
Value:
Undisclosed
Team:
M&A advisory
Advisor:
EQUITA Mid Cap Advisory

The company

Star Connect is a holding company that controls Optoplast, founded in 1988 with headquarters in Turin (Italy) and production plants in L'Aquila, Capriate (BG) and Mesero (MI). Optoplast has a turnover of around EUR 22 million and operates mainly in Italy where it sells to OEMs, installers, distributors and system integrators. Star Connect is a portfolio company of the Star IV Private Equity Fund, managed by Star Capital, a private equity investor that acquired the majority stake in 2023 to support the growth process also through acquisitions.

Percon, with more than 40 years of experience in the cabling business, has its headquarters and production plant in Barcelona. The group, to which 3 companies belong, has a turnover of approximately EUR 10 million.