# 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.

- Type: Acquisition
- Announced: 2024-07-01
- Where: Italy
- Value: $477.0M (438.0M EUR)
- Status: announced
- Products: auxiliary equipment for plastics processing
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Investindustrial](https://endata.com/companies/2585.md) (acquirer)
- [Piovan](https://endata.com/companies/4790.md) (target)
- [Pentafin S.p.A.](https://endata.com/companies/78343.md) (partner)
- [Delta Tecnic](https://endata.com/companies/78811.md) (target)

## Sources

- [lw.com](https://www.lw.com/en/news/2024/07/latham-watkins-advises-pentafin-on-the-sale-of-piovan-to-investindustrial), 2024-07-01: "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."
- [petnology.com](https://www.petnology.com/online/news-detail/investindustrial-agrees-to-acquire-piovan), 2024-07-23: "Following the closing, a mandatory tender offer will be launched on the Company’s shares at a price of Euro 14.00 per share with the aim of achieving the delisting of the Issuer from Euronext Star Milan."
- [plasticsnews.com](https://www.plasticsnews.com/mergers-acquisitions/masterbatch-supplier-delta-tecnic-acquired-investindustrial/), 2024-07-25: "Italian investment firm Investindustrial is acquiring Delta Tecnic SA and plans to expand the masterbatch supplier via additional acquisitions."

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