Industrial Stars of Italy 2 has merged with SIT Spa
July 2017 — 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.
Our role in the transaction
Oaklins' team in Italy assisted Indstars 2 in finding the target and closing the transaction.
Talk to the deal team
Related deals
F.EE has been acquired by One Equity Partners
F.EE GmbH, one of Germany’s leading providers of innovative solutions in mechanical engineering, automation hardware, cabinet control, software and robot programming, has been acquired by One Equity Partners. This transaction will strengthen the private equity firm’s operations in the industrial automation space. The sellers have reinvested and will remain involved in the business for the coming years.
Learn moreGEVORKYAN has raised over US$10 million in equity through an ABB
GEVORKYAN AS has raised more than US$10 million in equity through an accelerated bookbuild offering (ABB). The company received the full net proceeds from the transaction, enabling further expansion of its production capacity, continued technological innovation and a stronger position in international markets, including investments in robotization and automation.
Learn moreImenco Aqua has been acquired by AIS
Advanced Innergy Holdings Ltd. (AIH, trading as AIS) has entered into a definitive agreement to acquire 100% of the shares in Imenco Aqua AS and Imenco Chile SA, together referred to as Imenco Aqua, a global supplier of aquaculture technology solutions based in Norway and Chile.
Learn more