Argos Wityu signed a binding agreement regarding the acquisition of Sicura from Rekeep

Argos Wityu signed a binding agreement regarding the acquisition of Sicura from Rekeep

13/02/2020 – Italy – Press Release!#!

Milan, Zola Predosa – Bologna (Italy) , February 13, 2020 – Argos Wityu, pan-European Private Equity fund with over thirty years track record, announces the signing of a contract for the acquisition of the entire share capital of Sicura, leader in the offering of integrated services, products and systems for security management, environment and health and safety on the workplace, from Rekeep S.p.A. (“Rekeep”), the holding company of the leading Italian integrated facility management group.

Sicura is a leading company offering integrated services centred around the safety, health and wellbeing of its clients’ workforce. It designs and maintains fire safety installations, machine protection systems and renders safety and corporate healthcare services. With headquarters in Vicenza, 7 operating offices and nearly 300 employees, Sicura provides a comprehensive set of flexible and complete solutions to businesses.

The Transaction has an Enterprise Value of 54.5 million euros and its closing is expected by the end of February.

The transaction will come to completion with the creation by Argos Wityu of a newco holding controlling interests in Sicura S.p.A. The management of the Company and Rekeep will both hold minority interests in newco.

Jean-Pierre Di Benedetto, Managing Partner of Argos Wityu, declared: “We thank Rekeep for considering us as a privileged partner on an interesting, multi-sided and complex deal. The acquisition of Sicura encompasses all the requirements we seek in our transactions: highly motivated and competent management mingles with clear market leadership in a strategic strong growth project for internal lines and for acquisitions”.

Lamberto Cuppini, Chief Executive Officer of Sicura S.p.A., added: “We are thankful to Rekeep for giving us the opportunity to grow in the past years and become the leader in our sector, and it is with strong motivation that we dive into this new adventure with Argos Wityu, on which we rely to support our growth by means of future acquisitions as well”.

Giuliano Di Bernardo, Chairman and Chief Executive Officer of Rekeep S.p.A., commented: “We are very satisfied with the completion of the transaction, not only because it allows us to further focus on the challenges we are about to face on international markets, but also because alongside with Argos Wityu we managed to build a transaction that meets the needs of all stakeholders, hence also adding value to Sicura’s management, which we contributed to grow in the past years”.

In the framework of this transaction Vitale&Co acted as financial advisor to Rekeep, whereas Latham & Watkins acted as Rekeep’s legal advisor. EY assisted Rekeep in the vendor due diligence, Fantozzi & Associati in tax and structuring aspects and Banca Akros acted as Sicura’s financial advisor.
Argos Wityu was assisted by BCG as business strategy consultant, Fineurop Soditic as debt advisor, Giovannelli & Associati and Fieldfisher in tax aspects, Fieldfisher in tax and structuring aspects, KPMG in the accounting due diligence, Marsh in the insurance due diligence and Banca IFIS and BPM in acquisition finance aspects.

Argos Wityu
http://argos.wityu.fund
Argos Wityu is an independent European investment fund that supports companies in the transfer of business ownership. It has assisted more than 80 entrepreneurs, focusing its investment strategy on complex transactions with emphasis on transformation, growth, and close collaboration with management teams. Argos Wityu seeks to acquire majority interests and invest between €10m and €100m with each transaction. With €1bn under management and 30 years of experience, Argos Wityu operates from offices in Brussels, Frankfurt, Geneva, Luxembourg, Milan and Paris.

Rekeep S.p.A.
Rekeep S.p.A. (“Rekeep”) is the leading Italian operator and one of the main European players in the Integrated Facility Management sector. Rekeep’s headquarter is located in Zola Predosa (Bologna) and it employs more than 25,000 employees.

Contacts

Argos Wityu
Jean-Pierre Di Benedetto
Managing Partner
Ph. +39 02 00 660 700 / bpa@argos.fund

Coralie Cornet
Head of Communication
Ph. +33 1 53 67 20 63 / ccc@argos.fund

Rekeep
Chiara Filippi – Press Office
Ph. +39 051 3515195 / cfilippi@rekeep.com

Luca Buglione – CFO and Investor Relations
Ph. +39 051 35 15 546 / investor@rekeep.com

Image Building – Media Relations
Alfredo Mele, Carlo Musa
Ph. +39 02 89011300 / rekeep@imagebuilding.it

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