Unopiù

Fineurop Soditic acted as financial advisor to Change Capital Partners and Sinergia con Imprenditori in the acquisition of a 100% stake (50% each) in Unopiù Europa S.p.A. from Opera Management SA for approximately Euro 115 million (EV). Change Capital Partners, created in January 2003, is a pan-European private equity firm focusing on mid-market deals in branded goods, retail and consumer services. Sinergia con Imprenditori, an Italian closed-end fund with a Euro 300 million total commitment managed by Synergo Sgr S.p.A., is specialised in investing along side with Italian entrepreneurs in mid-sized companies. Unopiù, founded in 1978 by two Italian entrepreneurs as a manufacturer and retailer of wooden structures for pergolas and gazebos, is currently a leading outdoor furniture player in Europe. With annual sales of Euro 73 million and an Ebitda margin in excess of 15%, Unopiù holds an aggregate 17% share of the branded garden furniture market in Italy, France, Germany and Spain and is the sector leader in both Italy and France.