Industrial Stars of Italy 3 merged with Salcef Group
Industrial Stars of Italy 3 has merged with Salcef Group S.p.A.
Indstars 3 is the third SPAC (Special Purpose Acquisition Company) promoted by Attilio Arietti, Giovanni Cavallini, Davide Milano and Enrico Arietti, and supported by the Oaklins team in Italy. The SPAC raised US$165 million in 2017 and its goal was to invest in a minority satake in an industrial private company, and then merge with it. The entity resulting from the merger is automatically listed and has significant firepower to follow up its IPO with strong investments, both in organic growth and in M&A. The SPAC management team previously raised two other SPACs. All the capital was then successfully invested in LUVE and SIT, two leading Italian companies in their respective niches.
Salcef is an Italian corporate group and a leading global player in the fields of design, construction and maintenance of railway and metro infrastructures, as well as the supply of equipment and services. The company operates in Italy, in Europe and in the Middle East in all activities related to the maintenance of the railway tracks. It is also specialized in building new railway lines, especially in harsh environments, and it is one of the largest producer of railway sleepers in Italy. Salcef is active since 1949 and it has been owned by the Salciccia family since its foundation. In the last 20 years, the group has completed nine acquisitions. Together with organic growth, this has allowed Salcef to become one of the key players in Europe in the sector, with US$352 million in annual sales.
Oaklins' team in Italy assisted Indstars 3 in finding the target and closing the transaction.
Talk to the deal team
Davide Eugenio Milano
Managing DirectorMilan, Italy
K.E.D. Kälte- und Klimatechnik has been acquired by Dussmann Group
The Dussmann Group, a global multi-service provider, has acquired all shares in K.E.D. Kälte- und Klimatechnik GmbH (K.E.D.), as part of the expansion of its Dussmann Technical Solutions (DTS) division.Learn more
Avantium has raised US$33.6m via an accelerated bookbuild offering
Avantium N.V. has raised US$33.6 million through an accelerated bookbuild offering of 5,206,589 new ordinary shares, representing approximately 19.99% of the company’s issued share capital. The shares have been placed at a price of US$6.42 (€5.35) per new ordinary share.Learn more
Alcidion (ASX:ALC) has completed a capital raise
Alcidion (ASX:ALC) has raised funds to continue its growth strategy.Learn more