Milan, 11 November 2016 – Pedersoli Studio Legale, with a team led by Alessandro Marena (Equity Partner), Andrea Faoro (Partner) and Alice Fazzioli as to corporate M&A aspects and Stefano Lava (Senior Associate) as to labour law issues, has advised Credem Private Equity SGR S.p.A. and the founding shareholders and managers of Poplast Srl, a company manufacturing flexible packaging, used, inter alia, in food and biomedical sectors, in the sale of 86.5% of its shares to EOS Private Equity, the first fund of Eos Investment Management.
The main purpose of the transaction is supporting a development plan of the company envisaging a growth, in Italy and abroad, through acquisitions and commercial growth, in addition to improvement of the production and business processes. Carlo Callegari and Pierangelo Fantoni, shareholders of Poplast, respectively Chief Executive Officer and Chief Financial Officer, will contribute to the implementation of the development plan maintaining their current functions.
Founded in 1975, Poplast has significantly grown in recent years acquiring a leading position in the reference market. Since 2005, the turnover has increased on average of over 14% per year reaching in 2015 approximately 35 million Euro with an operating margin exceeding 14% further improving its financial position.
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