Alantra advises Sanlorenzo on its IPO

SECTORConsumer Goods & Retail

ServiceEquity Capital Markets

Dec 2019

Alantra, the independent global mid-market investment banking, asset management and portfolio advisory firm, has advised Sanlorenzo, the global leader in high-end luxury yachting, on the successful conclusion of the offering reserved for institutional investors of the ordinary shares of the company for listing on the Mercato Telematico Azionario (“MTA”) – STAR segment, organized and managed by Borsa Italiana S.p.A. (“Borsa Italiana”). The offering price was set at € 16.00 per Share. Based on the offering price, the total value of the transaction amounts to € 193.6 million and the resulting capitalization of Sanlorenzo is € 552 million.

Sanlorenzo is a leading global brand in terms of number of yachts over 30 meters long. The shipyard manufactures “made to measure” yachts and superyachts characterized by a distinctive design and customised for each customer. This makes Sanlorenzo unique amongst global players in the luxury yachting industry. The firm’s manufacturing activities are carried out through four shipyards located in La Spezia, Ameglia, Viareggio and Massa. The sites are strategically located in proximity, thus enabling significant operational efficiencies.

The Group employs approximately 450 people. In addition, the Group cooperates with a network of 1,500 qualified artisan companies and leverages on an international distribution network and a widespread service network for customers worldwide.

Alantra has advised Sanlorenzo for many years, supporting the company and its shareholders in three transactions over the last eight years. Moreover, this is the third IPO concluded by Alantra in Italy this year, after the successful completion just before summer of the IPOs of the online pharma retailer Farmae and the foodservice player SIRIO.

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