Milan, 17 July 2024
Avvalor Corporate Solutions, an Italian advisory company specialized in corporate finance transactions and part of the M&A Worldwide network, assisted GEOCLIMA during its acquisition by the industrial investor MUNTERS GROUP.
Geoclima, a privately owned Italian company that manufacture air- and water-cooled chillers, was established in 1994 by the founder and current CEO, Ing. Paolo Ferraris, who will remain as Managing Director. Geoclima has sales offices in Italy, Spain, Great Britain, Australia and USA as well as production sites in Italy and Thailand and reported net sales of about MEUR 40.1 for FY 2023. It employs 165 people and has its headquarters in northeastern Italy.
Munters Group AB is a global leader in energy-efficient air treatment and climate control solutions. Founded in Sweden in 1955, it is listed on Nasdaq Stockholm. The acquisition of Geoclima is a key part of Munters strategy to expand into new markets and broaden its offering for data center cooling solutions, in high demand due to the strong AI development.
The proposed acquisition will be fully financed through existing credit facilities and is expected to be completed in the second half of 2024.
Avvalor assisted GEOCLIMA in all phases of the M&A process with a team composed of Fabrizio Ricci, Gabriele Orlandi and Giovanni Galeazzi. Avv. Giovanni Maria Marini of Ughi e Nunziante – Studio Legale assisted Geoclima for legal aspects. BonelliErede and Ernst & Young assisted the buyer.
Fabrizio Ricci, Partner and President of Avvalor, commented: “We supported GEOCLIMA during the negotiation with the investor, in order to maximize the deal benefits for our client and to address the complex issues due to the multi-national nature of the business. With this new operation, Avvalor confirms its skill to assist Italian SMEs during international M&A deals.
For more information:
Avvalor Corporate Solutions – viale Brianza 30 – 20127 Milan – Italy
www.m-a-worldwide.com – www.avvalor.com – info@avvalor.com
Fabrizio Ricci – Partner tel: +39 02 87 24 25 10 email: ricci@avvalor.com