SOFIMA

BC Partners, through IMA BidCo, launched a mandatory tender offer for IMA, a packaging machinery manufacturer, at €68 per share, valuing IMA at €2.93 billion. The offer closes on 14 January 2021.

BC Partners agreed to acquire up to 45% of SOFIMA, the controlling entity of IMA S.p.A., and will launch a mandatory tender offer for the remaining shares, valuing IMA at €2.93 billion, aiming to delist from the Milan Stock Exchange.

The shareholders of SOFIMA, which controls IMA S.p.A., agreed to sell approximately 20% of their shareholding in SOFIMA to funds advised by BC Partners LLP. The transaction is expected to close in November 2020.