Tikehau Investment Management and Emisys Capital SGR have jointly arranged the unitranche bond facility, backing the acquisition of G.F. S.p.A. by a group of investors led by the team of LBO Italia.
Created in 1979 by Franco Serventi, G.F. is a producer and distributor of automated inspection and filling machines for the pharmaceutical industry. The company is headquartered in Parma (Italy) and exports more than 80% of its production worldwide.
The acquisition was completed by CR Holding S.p.A., a special purpose vehicle owned by a group of investors led by the team of LBO Italia together with G.F.’s founder, and financed by the unitranche bond facility arranged by Tikehau IM and Emisys.
Tikehau IM and Emisys provided a tailor‐made financing solution, highly innovative for the Italian market, combining flexibility and speed of execution, while adapting to the characteristics and needs of G.F. and its shareholders.
Jean‐Baptiste Feat, Co‐Head of Tikehau IM Private Debt activity, commented: “We are enthusiastic about closing our first Private Debt deal in Italy. This transaction is a key milestone in the development of our Italian franchise and our ability to offer tailor made financing solutions both to private equity players and corporates”.
Philippe Minard, Founding Partner of Emisys, commented: “Emisys is pleased to team up with Tikehau IM to support LBO Italia and Franco Serventi in the acquisition of G.F., with a highly flexible debt instrument. This transaction is the perfect example of how our newly established fund, Emisys Development, can provide the most appropriate solution to the companies we support”.