The Canadian-based Aimia acquired Giovanni Bozzetto from Chequers Capital

Fineurop Soditic acted as financial advisor to Chequers Capital in the sale of Giovanni Bozzetto S.p.A. to Aimia Inc. for around Euro 227 million (EV).

Giovanni Bozzetto S.p.A.
Specialty chemicals

Paladin Private Equity LLC, global private equity firm based in the US and Germany, will act as Aimia’s partner on the transaction.

The Bozzetto executive management team will reinvest to hold a minority position of up to 6%.

Founded in 1919 and headquartered near Bergamo, Bozzetto is a leading ESG-focused provider of specialty chemicals, manufacturing over 2,000 proprietary chemicals to service its core textile, water solutions, and dispersion end markets.

Bozzetto has built a strong reputation as a pioneer of developing ESG-focused solutions, including the benefits of a circular economy, and reduction in water, energy, and hazardous chemicals.

Bozzetto operates 6 manufacturing facilities, servicing over 1,500 customers in more than 90 countries and it achieved 2022 revenue of approximately Euro 225 million with an adjusted EBITDA margin of 14.5%.

Aimia Inc. (TSX: AIM), a Canadian-based holding company focused on long-term global investments, will support Bozzetto to substantially expand into the Americas and Asia organically and through accretive acquisitions, further diversifying the Company’s historically European presence.

Transaction closing, subject to regulatory approval and other customary closing conditions, is expected to occur before the end of the second quarter of 2023.