Investindustrial to acquire 58.35% of Piovan for €438 million

Investindustrial, through Automation Systems S.p.A., will acquire 58.35% of Piovan S.p.A. from Pentafin at €14.00 per share, valuing the transaction at approximately €438 million. Pentafin will reinvest for a 25% stake in the purchaser.

“Latham & Watkins has advised Pentafin S.p.A., the controlling shareholder of Piovan S.p.A., in connection with the sale of 58.35% of the Company’s share capital to Automation Systems S.p.A., a vehicle owned by Investindustrial VIII SCSp fund.”lw.com

• 3 sources
• lw.comLatham Watkins Advises Pentafin on the Sale of Piovan to InvestindustrialJul 1, 2024
• petnology.comInvestindustrial agrees to acquire PiovanInvestindustrialJul 23, 2024
• plasticsnews.comMasterbatch supplier Delta Tecnic acquired by Investindustrial - Plastics NewsBridget JanisJul 25, 2024

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