Industry: Other
Deal Type: M&A
Closing Date: 2019
Deal Description:
Clerici Group has acquired the entire share capital of IdealComfort S.p.a.
IdealComfort deals with design and distribution of plumbing materials and boilers, district heating systems and air conditioners, building materials, sanitary ware and bathroom furnishings. On the market since 1980, it is present in Tuscany with 10 outlets and 4 showrooms.
Role of Lyra:
Lyra Partners acted as financial advisor to Clerici Group
Tasks of Lyra included:
- Deal origination
- Assistance in the valuation of the target company
- Assistance in defining the structure and the terms of transaction
- Assistance in the negotiation and execution of the transaction up to the closing
- Coordination of due diligence activities