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09/2009-02/2010 – APEF 5 acquires Permasteelisa Group
APEF 5 acquires Permasteelisa Group
The Alpha Private Equity Funds 5 (APEF 5) are pleased to announce the completion of their 11th investment since inception in February 2006.
APEF 5 acquired Permasteelisa, a company listed on the Milano Stock Exchange, alongside the Italian fund Investindustrial. Following the tender offer, APEF 5 and Investindustrial now own 92% of Permasteelisa; APEF 5 and Investindustrial are launching a sell-out process to acquire the outstanding shares and de-list the company.
With Sales above €1.1 billion in 2008, Permasteelisa is the world leader in design, production and installation of curtain walls on buildings, internal walls and partitions. With 40 subsidiaries in more than 30 countries and 15 production/assembly facilities, Permasteelisa employs more than 6,000.
Permasteelisa is one of the most innovative groups in its field, working with major contemporary architects to develop high technology products for the building industry.
The investment thesis for APEF 5 is to help Permasteelisa’s Management expand the Group’s international footprint, with emphasis on Asia and on South America, and to support efforts undertaken 2 years ago by management to improve profitability and cashflow.
APEF 5 acquired Permasteelisa, a company listed on the Milano Stock Exchange, alongside the Italian fund Investindustrial. Following the tender offer, APEF 5 and Investindustrial now own 92% of Permasteelisa; APEF 5 and Investindustrial are launching a sell-out process to acquire the outstanding shares and de-list the company.
With Sales above €1.1 billion in 2008, Permasteelisa is the world leader in design, production and installation of curtain walls on buildings, internal walls and partitions. With 40 subsidiaries in more than 30 countries and 15 production/assembly facilities, Permasteelisa employs more than 6,000.
Permasteelisa is one of the most innovative groups in its field, working with major contemporary architects to develop high technology products for the building industry.
The investment thesis for APEF 5 is to help Permasteelisa’s Management expand the Group’s international footprint, with emphasis on Asia and on South America, and to support efforts undertaken 2 years ago by management to improve profitability and cashflow.
