Deal Type: M&A
Closing Date: 2019
Clerici Group has acquired the entire share capital of Palagini Pietro & Figli S.p.a.
Founded in 1936, Palagini Pietro & Figli is based in Empoli is a leading wholesaler and retailer of bathroom furnishings, flooring and tiling, heating and air conditioning systems, plumbing, with a network of 16 stores scattered throughout Tuscany.
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