Mittel takes majority stake in Italian auto parts maker I.M.C

Mittel S.p.A has agreed to acquire a 75 percent stake in I.M.C., an Italian auto parts maker. No financial terms were disclosed. Gattai, Minoli, Agostinelli & Partners advised Mittel on the deal.

PRESS RELEASE

Gattai, Minoli, Agostinelli & Partners and BonelliErede in I.M.C. – Industria Metallurgica Carmagnolese’s 75% acquisition by Mittel

Gattai, Minoli, Agostinelli & Partners advised the investment firm Mittel S.p.A. on the binding agreement for the acquisition of a 75% controlling stake in I.M.C. – Industria Metallurgica Carmagnolese S.r.l., an Italian auto parts manufacturer

Established in 1962 in Carmignola (Turin), I.M.C is a tier 1 supplier of Europe’s largest automotive manufacturers and recorded EUR 40 million revenues in 2016, 90% of which outside Italy.

The Gattai, Minoli, Agostinelli & Partners team comprised partners Bruno Gattai and Lorenzo Vernetti, senior associates Federico Bal and Andrea Taurozzi, and associate Diletta Camicia. Deloitte assited Mittel with the fiscal and financial due diligence.

BonelliErede advised the seller Roblafin Holding S.r.l. with a team composed by partner Gianfranco Veneziano, managing associate Francesca Di Carpegna Brivio and associate Dario Ficchi Nastasi.

Founded in November 2012, Gattai Minoli Agostinelli & Partners is a law firm specialising in Corporate and M&A, Banking & Finance, Tax, Restructuring, Real Estate, Employment, Intellectual Property and Dispute Resolution. With a team of over 80 lawyers – 22 of whom are partners – the Firm boasts a leading position in the private equity and corporate finance sectors.

Source: https://www.pehub.com/2017/09/mittel-takes-majority-stake-in-italian-auto-parts-maker-i-m-c/

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