Selesta Ingegneria

Fineurop Soditic assisted private equity fund Wise SGR in the sale of Selesta Ingegneria. AVM Private Equity I acquired a 76% stake in Selesta Ingegneria in a secondary buy out transaction from Wise Equity in a deal valued at around Euro 45 million of Enterprise Value.

Under the terms of the agreement BNL (BNP Paribas Group) acquired a 10% stake in Selesta Ingegneria and the Company’s management increased its stake up to approximately 14%. Selesta Ingegneria is considered the Italian leader in the development, production, distribution and installation of integrated systems, hardware and software for mainly Access Control and Time & Attendance.

The Company, with an historical Ebitda profitability between 25-30%, is expected to register 2008 sales of about Euro 28 million.

Through this acquisition AVM Private Equity I aims at developing Selesta Ingegneria through both add-on acquisitions in Italy and abroad and new technological projects.