The independent Private Equity firm Mandarin Capital Partners acquires 63.7% of Selematic S.p.A., an Italian company leader in the production of automatic secondary packaging machines for the food, pet food and disposable sectors, from Vertis SGR and from the other shareholders.
The shareholders of Selematic SpA were assisted in the sale process by Equita K Finance (the Italian partner of Clairfield International and part of the Equita Group), together with Equita, Studio Legale Giliberti Triscornia e Associati for the legal aspects, Sol Kin Dar Srl for the financial aspects, Studio Iuorio and Studio Pirola Pennuto Zei & Associati for tax support during the due diligence phase.
Mandarin Capital Partners was assisted by BLF Studio Legale, Studio Legale Tributario Russo De Rosa Associati for tax matters, Accuracy for financial aspects, GEA for the business due diligence and Ethica Group for the debt.
Notary has been Milano Notai studio associato.
Selematic S.p.A. was founded in 1978 in Eboli (Salerno, Italy), with the aim of designing and manufacturing packaging systems for dry pasta packages. Over the years the company has grown significantly thanks to its know-how and the recognised quality of the solutions it offers, gaining considerable market share, also at international level. These successes have also been helped by the change in the company structure in 2017, with the exit of one of the founders and the simultaneous entry of Vertis SGR, which has joined Vito Amabile, one of the founders, and his family in the international development of the business. Today Selematic is developed on an industrial area of over 50,000 square metres in the town of Eboli (SA). In 2021 it will record a turnover of about €13 million, more than 50% of which will be abroad, and an operating profit of over 25%.
Mandarin Capital Partners (MCP), set up in 2007, was the first European fund to focus on international development strategies with a particular focus on China and the Far East. Since then, MCP has developed a deep experience in the internationalisation processes of its portfolio companies, thanks to the integrated presence of its investment team, which is strongly diversified between Luxembourg, Milan and Shanghai.
Vertis SGR is an Italian Private Equity and Venture Capital operator specialising in providing capital to small and medium-sized enterprises, start-ups and scale-ups with a flexible, industrial and value-creating approach.
Following the transaction, Anna Maria, Lucia and Loredana Amabile, the second generation at the helm of the Company after the death of their father Vito, in addition to retaining an important minority shareholding in Selematic, will continue to manage the Company supported by the team of Mandarin Capital Partners and the new Chairman Mr. Roberto Bonini, an experienced manager in the packaging machinery business. Both Mr. Bonini and Mr. Alessandro Vitiello, Selematic’s current technical director, will invest directly in Selematic.
“We have found in Mandarin Capital Partners a qualified investor and an industrial partner that shares our values and will support our growth process – says Anna Maria Amabile, CEO of Selematic – My sisters and I will continue to work hard to ensure that Selematic can reach the important goals that compete with it”.
“For us Selematic represents an investment in an Italian excellence, as well as one of the main operators in the reference market – says Lorenzo Stanca, Managing Partner of Mandarin Capital Partners – This company confirms that even in the South there are manufacturing operators of absolute level. And we are thrilled to be able to further strengthen its market presence. Our development plan provides for the consolidation of the business in Italy and abroad, also thanks to the development of new markets. We also intend to make further acquisitions with Selematic in the area of food packaging machinery”.
Amedeo Giurazza, founding partner of Vertis SGR, said: “Working together and in full harmony with the Amabile family, we have achieved important results in the development of the company. I am delighted that Selematic will be accompanied in its future challenges by a recognised and important professional investor who has already demonstrated his ability to grow the companies in which he invests”.