Transaction

EMAK GROUP ACQUIRED 83,1% OF LAVORWASH GROUP

  • Emak Group has signed, by the subsidiary Comet S.p.A., a binding contract for the acquisition of 83,1% of the Lavorwash Group by Zenith S.p.A. (of the Lanfredi family) and the Migliari family. The value of the transaction (in terms of price subject to adjustment) for the acquisition of 83.1% of the share capital of the Target is around 54.800.000 Euro.
  • The operation between the two Italian groups is based on solid long-term strategic and industrial assumptions.
  • Scouting supported the buyer during the negotiation and execution of the acquisition process and during the fund raising process.