Italian pole of fertilizers Biolchim-Cifo bought a 70% stake in the capital of Hungarian Matécsa Kft, a leading producer of universal potting soil with the wellknown brand Florimo (scarica qui il comunicato stampa).
Invescom Corporate Finance andStudio Legale Jalsovszky supported Matécsa for the deal, while Simmons & Simmons and some local professionals supported Biolchim-Cifo. Unicredit advised both counterparts in Italy and Hungary.
Matécsa Kft counts 35 employees addetti, has a 4 million euros revenue and 1.4 million euros ebitda. Biolchim-Cifo group, managed by ceo Leonardo Valenti and controlled by Wisequity III Fund (managed by Wise sgr), reached 85 million euros in revenues in 2016 after having reached 80.3 millions in 2015, with a 14.2 millions ebitda and a net financial debt of 15,5 millions (see here an analysis by Leanus, after free registration and login).
The new deal is another step of Biolchim’s acquisition strategy after the company had bought 100% of the capital of Cifo in 2014 (see here a previous post by BeBeez) and a minority stake in West Coast Marine Bio Processing in 2015 (see here a previous post by BeBeez).