Go to deals
Industrial Machinery & Components

Industrial Stars of Italy 2 has merged with SIT Spa

Industrial Stars of Italy 2 has merger with SIT Spa.

Indstars 2 is the second SPAC (Special Purpose Acquisition Company) of the team led by the promoters Attilio Arietti and Giovanni Cavallini, and supported by the Oaklins team in Italy. The SPAC raised US$60 million in May 2016, following the success of the previous experience, that was concluded with the merger between Industrial Industrial Stars of Italy 1 and LU-VE Group. Indstars 2 signed the agreement with SIT Spa in February 2017, at record speed compared with all the other SPACs in the Italian market.

SIT is the European and, in certain segments, global leader in the development and production of key components for domestic heating systems and smart gas meters. The company was founded in 1953 and is currently run by Federico de’Stefani, second generation entrepreneur.

Oaklins' team in Italy assisted Indstars 2 in finding the target and closing the transaction.

Parties

Talk to the deal team

Giuseppe Maria Bernardo Puccio

Principal
Milan, Italy
Oaklins Italy

Mariacristina Lisi

Senior Researcher
Milan, Italy
Oaklins Italy

Related deals

East Metal has been acquired by management and private investors
Industrial Machinery & Components

East Metal has been acquired by management and private investors

The Latvia-based metalworking company East Metal has been acquired from its former Danish owner, East Metal Holding, through a management buy-out (MBO) by a group of private investors, the current owners of Valpro, in partnership with the local management team. Financing for the transaction was provided by Signet Bank.

Learn more
Quantum Base Holdings plc has completed its official admission to AIM
Industrial Machinery & Components

Quantum Base Holdings plc has completed its official admission to AIM

Quantum Base began trading on the London Stock Exchange’s AIM market under the ticker QUBE following a US$6.4 million (£4.8 million) fundraising round. The company develops Q-ID tags, a quantum-based authentication technology designed to prevent counterfeiting by leveraging atomic-level randomness. Proceeds from the listing will fund product development and commercial expansion, including new operational and commercial hires.

Learn more
He-Man Dual Controls has been acquired by Lagercrantz UK Limited
Private Equity | Automotive | Industrial Machinery & Components

He-Man Dual Controls has been acquired by Lagercrantz UK Limited

Lagercrantz UK Limited has acquired 100% of the shares in HM Holding Limited (He-Man Dual Controls), a leader in supplemental control systems for vehicles.

Learn more