CAVOUR ADVISED ACMAR GROUP IN THE SALE PROCESS OF SIDAC
A group of Italian entrepreneurs and investors together with the French Private Equity Fund, Indigo Capital (Monique Deloire), through the Romagnapack Spa vehicle company, acquired the 100% of Sidac by the Acmar Group.
Sidac is an historical company based in Forlì, leader in the flexible packaging industry for food, detergents and pet food. In 2016 it reported 27 million euros revenues with an EBITDA of 3.5 million euros.
This acquisition aims to develop the high growth potential of Sidac, both in the domestic and international markets, through relevant technological investments and by strengthening the organizational structure of the company.
in June 2015, Cavour has obtained the exclusive mandate for the sale of Sidac by Acmar Group.
With the support of its international network and the expertise of its partners, Cavour contacted 110 targets among financial investors and industrial groups. Because of Sidac business characteristics, strategic buyers were preferred, in particular European converters.
Almost a third of the contacted potential buyers expressed interest in deepening the project by signing declarations of interest and purchase offers. This strong interest is partly due to the consolidation trend in the Flexible Packaging Industry, which has been in place for years and is now accelerating with the growing involvement of private equity firms attracted by the global growth of this sector.
Subsequently, following a composition with creditors by the Acmar Group, Cavour supported the sales process by introducing national and international players of the packaging industry, contributing to the successful completion of the auction with the achievement of a sale price 30% higher than the appraisal value, with full satisfaction of Acmar and of all the parties involved.