Go to deals
Industrial Machinery & Components | Other Industries

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.

Parties

Talk to the deal team

Giuseppe Maria Bernardo Puccio

Principal
Milan, Italy
Oaklins Italy

Gianluca Magnani

Managing Director
Milan, Italy
Oaklins Italy

Mariacristina Lisi

Senior Researcher
Milan, Italy
Oaklins Italy

Related deals

iwell raises US$31 million to deploy its leading European smart battery storage solutions into new markets
Private Equity | Construction & Engineering Services | Energy | TMT

iwell raises US$31 million to deploy its leading European smart battery storage solutions into new markets

iwell, a developer of smart energy management (EMS) and battery storage systems (BESS), has successfully closed a US$31 million (€27 million) funding round. The round was led by Meridiam, with Invest-NL and Rabobank participating, alongside existing investors.

Learn more
Bezeq Online has been acquired by One Software Technologies
TMT

Bezeq Online has been acquired by One Software Technologies

Bezeq Online has been acquired by ONE Software Technologies Ltd., enabling ONE Technologies to offer innovative solutions through full integration of advanced technology, real-time data analysis and proven service capabilities nationwide. ONE Technologies’ goal is to develop the next generation of service solutions, including AI-based tools, automation, multi-channel digital services and advanced CRM systems, all designed to deliver a continuous, accurate and effective customer experience.

Learn more
Largest AIM IPO in the business support services sector over the past five years has been completed
Business Support Services

Largest AIM IPO in the business support services sector over the past five years has been completed

MHA plc raised US$131 million (£98 million) through a placing and retail offer, achieving a market capitalization of approximately US$363 million (£271 million) on admission. This was the largest AIM IPO in the business support services sector over the past five years. The IPO provides a platform for continued investment in technology, talent and acquisitions, supporting the group’s ambition to become a top 10 UK professional services firm.

Learn more