Case Study

Industrial Stars of Italy SpA has successfully raised US$55 million

Oaklins' team in Italy has successfully completed an IPO of the second Italian SPAC (Special Purpose Acquisition Company), Industrial Stars of Italy SpA (ISI), supported by UBI Bank, Unipol Bank and BankNord as joint global coordinators and book runners. Investors include family businesses, asset management firms, private individuals and entrepreneurs.

ISI is the largest IPO ever made on the Italian AIM of the Milan Stock Exchange, raising US$55 million. The IPO proceeds have been used to support the internationalization plans of an Italian industrial leader with whom ISI has merged. The company selected by ISI is LUVE Group, a US$242 million turnover profitable Italian group with five production plants around the globe.

Oaklins' team in Italy defined the structure of the SPAC, was involved in the placement roadshow and is one of the promoters together with the successful Italian entrepreneur Giovanni Cavallini, former CEO and President of Interpump Group, a listed player active in the pumps and valves industry.

Tombstone image for Industrial Stars of Italy SpA has successfully raised US$55 million

KEY DEAL CONTACTS

Attilio Arietti

Italy

Managing Partner

VIEW PROFILE

Davide Eugenio Milano

Italy

Partner

VIEW PROFILE

Giovanni Cavallini

Italy

Senior Advisor

VIEW PROFILE