Case studies
Olicar Group
Sale of Olicar Group
June 2007
Altium acted as exclusive financial adviser on the sale of Olicar Group to BlueGem Capital Partners LLP
Background
- Olicar, based in Italy, is a regional leader in its sector, providing technical services for energy production and integrated management (energy and facility management). Operating for over 50 years, the group is an ESCO (Energy Service Company) with wide-ranging expertise in energy saving and energy production from renewable sources.
- Active throughout Italy, the group currently has over 200 employees and between 2005 and 2009, Olicar grew its EBITDA from €5m to €18m.
Transaction
- In June 2007, Altium advised on the sale of a minority stake of Olicar SpA to the London-based private equity fund BlueGem Capital Partners. The control of the company, as well as strategic and operational management, remained in the hands of the family and the existing management.
- This deal capitalised on Altium’s broad range of advisory skills; including experience with financial sponsors, expertise of the heat and energy management industry, as well as the management of an auction sale of a family controlled company.
For further information on this transaction please contact Carlo Dawan or Valentina Osele
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