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Investindustrial bids for 20% of Guala Closures voting shares

European private equity fund Investindustrial-owned business Special Packaging Solutions Investment has bid for up to 20% of Guala Closures’ voting shares, leading to a rise in Guala Closures’ shares value.

By Jessica Paige

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European private equity fund Investindustrial -owned business Special Packaging Solutions Investment has bid for up to 20% of Guala Closures ’ voting shares, leading to a rise in Guala Closures ’ shares value.

Special Packaging Solutions Investment strategy of investing in European sector-leading mid-market companies led the company to bid for the Italian bottle caps producer. A statement released by the bidder claimed that the investment is purely financial and there is no intention to delist Guala Closures .

Investindustrial founder and chairman Andrea Bonomi said: “Today’s deal is aimed at making a financial investment in a solid company with high growth potential and led by an excellent well-equipped management team.”

Guala Closures is a market leader in closures production. Bonami added that the company is well-known to Investindustrial and that the company is intending to spend investment profits in Italy, one of the hardest-hit countries by the Covid-19 coronavirus pandemic.

Bonami said: “I am convinced the country will be able to overcome this difficult period and return to growth.”

Under the advisement of Bermuda-head-quartered management company Lazard, the bid will target 22.6% of Guala Closures ’ share capital for €6 per share, resulting in €91m total.

Following the bid, Guala Closures shares rose by 21.5% from €4.8 on Wednesday to €5.83 today.

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Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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