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.
Prata med transaktionsteamet
Relaterade transaktioner
Gramo has completed a mandatory public takeover bid for the shares of Deceuninck
Gramo BV has completed a mandatory public takeover bid for the shares of Deceuninck NV. The bid was launched after Gramo’s conversion of warrants increased its participation in Deceuninck above the 30% voting rights threshold, thereby triggering a mandatory takeover bid under Belgian takeover legislation. The transaction further strengthens the stability of Deceuninck’s shareholder base and supports the company’s long-term strategy focused on innovation, sustainability and operational excellence.
Lär dig merGVS has completed a voluntary partial tender offer for its own shares
GVS S.p.A. has completed a voluntary partial public tender offer for 12.3% of its own share capital.
Lär dig merSECAL has been acquired by VINCI Energies
SECAL has been acquired by VINCI Energies to strengthen its lifting services offering and expand its capabilities across strategic industrial markets. This acquisition also provides SECAL with access to new markets and growth opportunities, particularly in the environment, aerospace and rail sectors.
Lär dig mer