Alantra advised Ersel Investment Club on the sale of Arbo S.p.A. to a consortium of investors including Luxempart

Feb 2018

Sell-side advisory

Ersel Investment Club, a private equity fund managed by Ersel, the Italian private banking and asset management group, has closed the agreement to sell its portfolio company Arbo SpA to a consortium of investors including Luxempart, Ersel Investimenti and the management team of Arbo.

Arbo is Italy’s largest independent distributor of equipment, original spare parts and services primarily related to boilers, heating and air conditioning systems. In the 12 months up to 30 June 2018 Arbo is expected to generate revenues of around € 63m with € 7m+ of EBITDA.

Luxempart is an investment company listed on the Luxembourg stock exchange with a market cap of approximately € 1bn controlled by the family holding Foyer Finance (insurance group Foyer). Ersel has reinvested in the deal also through its family holding.

The value of the deal has not been disclosed.