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01-May-2018

SCOUTING HELPS THE LAFERT GROUP TO SELL THE ENTIRE EQUITY INTEREST TO SUMITOMO HEAVY INDUSTRIES

The shareholders of Lafert S.p.A. have signed a binding agreement to sell the entire share capital of the company to Sumitomo Heavy Industries Ltd for a consideration of Euro 172.65 million. The Lafert group, based in San Donà di Piave, Venice, is a European leader in the design and manufacture of electric motors and customised drives for industrial use. In 2017 it generated revenues of about Euro 150 million (+9%), with an EBITDA margin of 10%. Sumitomo Heavy Industries Ltd, based in Tokyo, is an industrial leader listed on the Tokyo stock exchange, with revenues in excess of Euro 6 billion and over 20,000 employees worldwide. The transaction, including payment for and transfer of the shares, is scheduled for completion by the end of June. Scouting Spa acted as financial advisor to the shareholders of Lafert S.p.A. Scouting also originated the transaction together with its Japanese partner Frontier Management Inc., assisting Lafert S.p.A. and its shareholders throughout the entire process of negotiating and structuring the transaction.