BC Partners Seals Buyout of $3.4 Billion Italy Machine Firm IMA
- Buyout firm teaming up on mandatory tender for machinery maker
- Shares of family-backed company jump after offer announcement
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BC Partners will team up with the largest shareholder in Italy’s IMA Industria Macchine Automatiche SpA to acquire the machinery maker and take it private, in a deal valuing the company at about 2.9 billion euros ($3.4 billion).
The private equity firm and SOFIMA Società Finanziaria Macchine Automatiche SpA -- which owns 51.6% -- will launch a mandatory tender offer for outstanding IMA shares at 68 euros per share, according to a statement Tuesday, confirming an earlier report by Bloomberg. The deal shapes up to be one of this year’s biggest private equity buyouts of a listed European company.