Industry: Other
Deal Type: M&A
Closing Date: 2019

Deal Description:
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