Bertani Trasporti, leading group in the vehicle (cars, motorcycles and commercial vehicles) storage and transportation services and controlled by the Bertani’s family, completed the acquisition of a 100% stake in F.lli Elia S.p.A., a group based in Moncalieri (Turin) and operating in the same industry, thus consolidating its leading position in the sector.
Since 2006 F.lli Elia S.p.A. was owned by the private equity fund Clessidra SGR through the vehicle company Lauro Sei.
The acquisition is a part of Elia’s out-of court restructuring agreement under article 182-bis of the Italian Bankruptcy Act (accordo di ristrutturazione dei debiti, ex articolo 182-bis L.F.) ratified by the Court of Turin.
Under the restructuring agreement Bertani Trasporti has acquired the share capital of F.lli Elia S.p.A. which contextually has cleared its financial net debt.
As a result of the transaction Bertani Trasporti consolidated its leading position in the sector with combined turnover of approx. € 200 million and approx. € 30 million EBITDA.
Vitale&Co assisted Bertani Trasporti in the transaction, as financial advisor.