Marcolin: Pai Partners acquires 78,39% of the share capital for 207 million euros

The French private equity firm Pai Partners has announced that it has undertaken to acquire 78,39% of the capital of Marcolin (production and distribution of eyewear) at a price of 4,25 euros per share, for a total of approximately 207 million euros, by the main shareholders (the Marcolin family and the Della Valle brothers) to which is added the share held by Antonio Abete.
The purchase operation will be carried out through Cristallo Spa, which belongs to investment funds managed by Pai and will be indirectly owned, for 15%, by the same Giovanni Marcolin, Diego and Andrea Della Valle and Antonio Abete.
Following completion of the purchase, expected by the end of November, the agreement provides that Pai launches a mandatory takeover bid, again at 4,25 euros per share. At present, the Marcolin share, which is suspended today, is worth 4,782 euros per share on the stock market.