Industrial Stars of Italy SpA has successfully raised US$55 million
July 2013 — 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.
Our role in the transaction
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.
Talk to the deal team
Related deals
7BidCo has completed the sell-out procedure for the shares of STAR7
7BidCo S.p.A. has completed the sell-out procedure for 8.5% of STAR7 S.p.A.’s shares.
Learn moreAlba has completed a voluntary public tender offer for the shares of Borgosesia
Alba S.r.l. has completed a voluntary public tender offer for 100% of the shares of Borgosesia S.p.A.
Learn moreMoneybox’s employee share sale has set another milestone for London’s Private Securities Market
The London Stock Exchange’s Private Securities Market (PSM) continues to demonstrate its potential as a venue for providing shareholder liquidity in high-growth private companies. Following the successful employee share sale for autonomous driving pioneer Wayve earlier this month, fintech leader Moneybox has completed a US$61 million (£45 million) employee liquidity event through the PSM. By structuring the transaction as an employee liquidity event, long-serving employees with vested equity have been able to realize some of the value they helped create while enabling Moneybox to remain private and continue its growth journey. Crowdcube managed the employee seller and investor participation process.
Learn more