# Demos 1 fund to acquire 65% of Sicer chemicals

Demos 1, a private equity fund managed by Azimut Libera Impresa Sgr, signed an agreement to acquire 65% of Sicer, a global leader in specialty chemicals for ceramic tile glazing and decoration based in Fiorano Modenese, Italy.

- Type: Acquisition
- Announced: 2020-11-17
- Where: Fiorano Modenese, Italy, Italy
- Status: announced
- Products: specialty chemicals for ceramic tile glazing and decoration
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Azimut Libera Impresa Sgr](https://endata.com/companies/51266.md) (acquirer)
- [Sicer](https://endata.com/companies/51267.md) (target)

## Sources

- [bebeez.it](https://bebeez.it/private-equity/demos-1-ali-sgr-va-al-controllo-dei-prodotti-chimici-sicer/), 2020-11-17: "Il team di Ali è stato assistito da: Studio Legale Giovannelli e Associati (advisor legale); Long Term Partners (advisor di business); EY (financial e tax due diligence); ERM (due diligence ambientale)."
- [investiremag.it](https://www.investiremag.it/investire/2020/11/17/news/azimut-accordo-per-lacquisto-della-maggioranza-del-gruppo-sicer-25056/), 2020-11-17: "Il nuovo azionista ripone piena fiducia in Padovani e Ferrari ai quali, con il ruolo di Amministratori Delegati, verrà affidata la guida del Gruppo Sicer verso nuovi decisivi traguardi attraverso un percorso di continua e robusta crescita."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.