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

Winking Studios Limited completes a secondary fundraising of US$20 million
Other Industries | TMT

Winking Studios Limited completes a secondary fundraising of US$20 million

Winking Studios has successfully raised US$20 million to fund its business strategy and future plans, such as strategic acquisitions, alliances and joint ventures as well as secondary or dual listings, to grow the group’s market share and broaden its customer base globally.

Learn more
Sondrel secures a major investment
Industrial Machinery & Components

Sondrel secures a major investment

Sondrel has secured funding from Rox Equity Partners Ltd. through a subscription for new shares. The funds will enable the company to grow and expand its presence as one of the world’s leading providers of custom chip design and supply. In particular, it will help them rapidly develop their presence in the US.

Learn more
FRP Advisory Group plc has finalized a successful secondary placing
Financial Services

FRP Advisory Group plc has finalized a successful secondary placing

FRP Advisory Group plc has completed a fundraising. The book was oversubscribed and approximately £20.4 million (US$33 million) of shares were sold by certain directors and partners of FRP to new and existing institutional investors at 128 pence per ordinary share.

Learn more