FountainVest Partners entered into share purchase agreement to acquire 47.1% stake in EuroGroup Laminations S.p.A. (BIT:EGLA) from E.M.S. Euro Management Services S.p.A. for approximately ?300 million on July 28, 2025. A cash consideration of ?295.18 million valued at ?3.85 per share will be paid by FountainVest Partners. As part of consideration, ?295.18 million is paid towards common equity of EuroGroup Laminations S.p.A. As part of the transaction, EMS reinvests 50% of the proceeds from the sale in the new controlling holding company. In a related transaction Tikehau Capital agreed to sale 7.9% stake in EuroGroup Laminations S.p.A. Tikehau Capital, the second largest shareholder of EuroGroup Laminations, has expressed its support for the transaction and has signed a separate sale and purchase agreement for the sale of its shares. As part of the financing of the transaction, EMS and Tikehau Capital have confirmed their willingness to provide a vendor loan each, where requested. Sergio Lori, Marco Arduini and Isidoro Guardalà will continue to hold, respectively, the positions of president, CEO and deputy-CEO of EuroGroup.
The closing of the transaction is expected by the first half of 2026.
Irving Bellotti, Luigi Labbate, Valerio Leone and Andrea Arese of Rothschild S.p.A. acted as financial advisor and Freshfields LLP (Italy Branch) acted as legal advisor to E.M.S. Euro Management Services S.p.A. Morgan Stanley & Co. International Plc and BNP Paribas acted as financial advisors to FountainVest Partners. Clifford Chance acted as legal advisor for FountainVest Partners. Tikehau Capital has been assisted by Legance as legal advisor.
FountainVest Partners cancelled the acquisition of 47.1% stake in EuroGroup Laminations S.p.A. (BIT:EGLA) from E.M.S. Euro Management Services S.p.A. on February 16, 2026. FountainVest Partners called off the deal after they failed to obtain a regulatory approval in India.
Eurogroup Laminations SpA, formerly Euro Group SpA, is an Italy-based holding company. The Company, through its subsidiaries, is engaged in the design, production and distribution of stators and rotors for electric motors and generators. The Company's activities are divided into two business segments: EV & Automotive and Industrial. EV & Automotive division focuses on design and production of motor cores for electric motors used for the propulsion of electric vehicles, as well as for non-propulsion automotive applications. Industrial division focuses on designing and manufacturing products used in applications such as industrial, home automation, HVAC equipment, wind power and pumps, among the others. The Company is focused also on industrial, technical and commercial coordination, supervision and development for all controlled companies. The Company operates globally.
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