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IMA Industria Macchine Automatiche SpA Finalizes Acquisition of 40% Stake in ILAPAK Group

Thursday, 28 Feb 2013 11:50am EST 

IMA Industria Macchine Automatiche SpA announced that on February 28, 2013, it has finalized with Transworld Packaging Holding BV and its shareholders the acquisition of a 40% stake in the ILAPAK Group, which makes primary packaging machines for the food sector, as announced on February 6, 2013. The financial intervention on the part of IMA amounts to EUR 9 million, consisting of an equity contribution and the subscription of a convertible bond, in Transworld Packaging Holding BV, which in turn will recapitalize its Swiss subsidiary ILAPAK International SA. To finalize this transaction IMA was assisted by Poggi&Associati, Gianni Origoni Grippo Cappelli & Partners and Deloitte, whereas the ILAPAK Group was advised by the law firm D'Urso Gatti Bianchi; Altium Capital, headed up in Italy by Carlo Dawan, introduced IMA to the Levy family and helped them and ILAPAK during negotiations. 

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22 Oct 2014