IP Cleaning

Fineurop Soditic assisted BS Private Equity and MCC Sofipa SGR in the acquisition of a majority stake in IP Cleaning S.p.A. from Interpump Group in a MBI deal which is worth Euro 220 million (Enterprise Value). IP Cleaning is a leading player on the international cleaning equipment market. The Company produces and distributes machines and equipment for the domestic, professional and industrial cleaning business. IP Cleaning reported 2004 sales of Euro 293 million with an Ebitda of 10% and an Ebit of 8%. BS Private Equity and MCC Sofipa will support the creation of shareholders’ value of IP Cleaning by providing financial and managerial resources dedicated to support both organic and external growth.