Deutsche Mittelstandsfinanz exclusively handled the sales process of Laica S.p.A., Vicenza, Italy to the listed Strix Group Plc, Douglas, Isle of Man
Deutsche Mittelstandsfinanz (www.dmfin.com) exclusively advised on the sale of Laica S.p.A., Vicenza, Italy, including its subsidiaries in Taiwan and Spain and its joint venture participation in China, within the scope of a structured international sales process.
Laica S.p.A. was acquired 100% by Strix Group, which is listed on the London Stock Exchange. The transaction includes a share component.
Laica S.p.A. is a leading company in the field of water purification and design-oriented household appliances in the wellness sector. The rapidly growing company generates a turnover of well over EUR 20m with an EBITDA margin of around 15%.
In the Chinese market, Laica S.p.A. holds a 45% share in a joint venture with Xinbao, one of the largest manufac-turers of small household appliances in China. Xinbao generates a turnover of approximately USD 1.3bn and has a market capitalisation of approximately USD 4.8bn.
The acquisition by the London-listed Strix Group Plc with a market capitalisation of more than half a billion euros will enable Laica S.p.A. to further accelerate its inter-nationalisation.
At the same time, the medium-term company succession was resolved, and the Vicenza site was further strengthened by the acquisition.