Adon Capital Limited acquires a 60% stake in Sicurezza & Ambiente S.p.A.

Banca Akros acted as financial advisor to Adon Capital

Milan, 14/10/2020 – Adon Capital Limited has acquired a 60% stake in Sicurezza & Ambiente S.p.A., Italy’s leading provider of post-accident road cleaning and restoration services. The transaction will facilitate and support the current transition process from the Company’s founder/shareholder to the management team, as well as support the Company’s growth.

Sicurezza & Ambiente S.p.A.

Founded in 2006 and based in Rome, Sicurezza & Ambiente is the leading provider of post-accident road cleaning/restoration services, collecting and disposing of solid and fluid waste dispersed in accidents so that traffic flows and road safety can be promptly restored. The Company has grown over the last 10 years at a CAGR of 6.2% in terms of revenue. In 2019 it achieved a turnover of approximately €18 million and an EBITDA margin of approximately 23%. Adon Capital’s entry into the capital will further support the Company’s growth and market consolidation.

Adon Capital Limited

Adon Capital, based in Ireland, is a private investment fund co-founded by Kamal Tabet with 35 years of experience in the financial sector. The Fund is affiliated to RiverRock, one of the leading alternative investment funds in Europe, with strong experience in private equity, private debt, real-estate and special projects.

Banca Akros acted as financial advisor to Adon Capital.

Studio Legale Grimaldi carried out the legal and tax due diligence and Ernst & Young the financial due diligence.

Furthermore, the Banco BPM Group and illimity provided the acquisition financing package for the fund, confirming the high synergy potential between advisory and financing activities in the financial sponsors offering.

Corporate Finance Mergers & Acquisitions Companies
Banca Akros
Corporate Finance Mergers & Acquisitions Companies

 

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