IMAP Italy (Vitale & Co.) advised Targetti on sale to IDeA Capital Funds

IMAP Italy (Vitale & Co.) ​assisted to the sellers in the sale of Targetti Sankey S.p.A., company leader in the indoor and outdoor architectural lighting sector. IDeA Corporate Credit Recovery I, first italian DIP (Debtor-in-Possession) Financing close-end fund, managed by IDeA Capital Funds SGR, has completed the investment in Targetti Sankey S.p.A. in the contest of a debt restructuring process of the company, which in 2016 generated revenues of approx. € 50 million, with ca. 300 people and two production plants in Italy, and has a strong international presence through its subsidiaries in USA, UK, France, Spain, Russia and China.

Activities performed:

assistance in the economic and financial analyses;

assistance in the research of potential bidders;

origination of the transaction and assistance in defining the structure and the terms of transaction;

assistance in the management of due diligence activities;

assistance in the negotiations and definition of the agreement with the counterpart;

cooperation with legal consultants in the revision, negotiation and definition of the legal documentation.

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