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SCOUTING CAPITAL ADVISORS ASSISTS SILMAX GROUP IN THE SALE OF THE MAJORITY OF ITS CAPITAL TO THE RUGGERBERG – PFERD GROUP
- Turin, 22 May 2024 – The shareholders of Silmax SpA (Silmax), a historic Italian manufacturer of milling and drilling tools for metalworking, have reached an agreement to sell a majority stake in Silmax’s share capital to PFERD Rüggeberg S.A., a company of the Rüggeberg Group (PFERD), which develops, manufactures and markets tools for surface machining and metal cutting.
- The operation provides for the preservation of Silmax’s DNA, which, thanks to this synergy, strengthens its presence in the market for the production of standard and special cutting tools, a segment in which it is the Italian leader. Dr. Dario Fumagalli, President and Shareholder of Silmax, will also remain in the company as Shareholder and Managing Director.
- Silmax, a family-owned company founded in 1819 and based in Lanzo Torinese, Piedmont, is a leading manufacturer of standard and special cutting tools. It produces a wide range of solid carbide and HSS (High-Speed Steel) tools. It employs around 140 people and has international sales companies in Switzerland, Slovakia, China and India, serving companies in sectors such as aviation, tool and mould making, automotive, energy and medical.
- PFERD is one of the leading manufacturers of tools for surface machining and metal cutting. With a tradition of more than 220 years, the family-owned company, headquartered in Marienheide, Germany, manufactures its products in seven plants. With 1,950 employees in 22 branches worldwide, the company is able to guarantee proximity to its global customer base, ideal for providing advice and quick delivery.
- In this cross-border transaction, Scouting Capital Advisors assisted Silmax’s shareholders as financial advisors with a team comprising Managing Partner Filippo Bratta, Managing Director Carlo Corsi, Associate Director Andrea Isacchi and Associate Eleonora Preto. Also involved were PwC TLS (legal advisor) with Partner Filippo Zucchinelli, Senior Manager Giulio Della Casa and Senior Associate Valeria Chiocca and, for Real Estate aspects, Manager Sabrina De Salvo, DBM Partners Commercialisti Associati (tax advisory) with Marco Bodo (Partner) and Active Value Advisors (strategic advisory) with Fabio Fedel (Partner).
- PFERD was assisted by DZ BANK (M&A advisory) with a team consisting of Managing Directors Martin Petsch and Benedikt Fischer and Associates Sebastian Baier and Dardan Rrahmani, DLA Piper (legal advisory) with a team consisting of M&A Partner Danilo Surdi, Senior Lawyer Sira Franzini and Lawyers Carlos Rosquet Martinez and Paola Grillo and Roedl & Partner (financial and tax due diligence) with a team composed of Partner Birgit Rauschendorfer and Manager Giorgia Cavallari for financial due diligence, and Partner Thomas Giuliani and Senior Associate Erald Karriqi for tax due diligence. The notarial aspects of the transaction were handled by Notary Angelo Busani.
- This deal is a further demonstration of Scouting Capital Advisors‘ ability to intervene in cross border M&A transactions, being the fourth deal finalised since the beginning of the year with countries such as the USA, Japan, France and Germany, an uncommon feature in the market. The cross-border M&A process represents a powerful growth lever for Italian companies, which are increasingly ready to exploit opportunities from abroad, turning them into a concrete competitive advantage.
