Spig a
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i n
Arona (Novara, Northern Italy) filed last Friday April 1st to Borsa Italiana and Consob for listing its ordinary share on the Milan Stock Exchange at the Star segment and to gaining authorization for publication of the offering documents (see here the press release).
The company is controlled by the Mosiewicz family with a 70% stake while the remaining stake is owned by Ambienta I fund, managed by Ambienta sgr, Europe’s largest private equity firm specialized in investments in the environmental sector.
Ambienta sgr invested 30 million euros back in 2010 in Spig (download here the press release). Spig’s ipo will be a global offer to institutional investors both in Italy and abroad. As the company asked for a listing at the Star segment, it will have a 35% floating capital at least. The offer will be a sale offer so no capital increase is going to be subscribed. Spig reached 168 million euros in revenues in 2015 with 16 millions in ebitda
Global coordinator to the global offer is Equita sim, which acts also as sponsor, bookrunner and specialist. The company is supported by Studio Santagostino, by Lombardi Molinari Segni and Pedersoli e Associati law firms. While Latham & Watkins law firm supports Equita sim.
