Eidos Partners financial advisor of Marazzi Group in the sale of its share capital to Mohawk Industries

 

April 2013

 

Eidos Partners announces the completion of the €1.2 billion sale of Marazzi Group by Fintiles S.r.l.

Marazzi Group (www.marazzi.it), located in Modena, is a leading manufacturer and marketer of ceramic tile in all its major geographies, including Russia, the United States, Italy, France and Spain. Marazzi's 2011 revenues were about €833m, with EBITDA of approximately 15.5%. Marazzi Group is held by the Marazzi family (51%) and two private equity funds (49%), Permira and Private Equity Partners. Mohawk is acquiring Marazzi for €1.17bn, with a combination of cash and equity. Mohawk anticipates that the transaction will be accretive in 2013.

Mohawk Industries invested in Marazzi's equity with the aim of expanding Mohawk's global business and making Mohawk a stronger company leveraging on Marazzi solid management team and leadership positions in the U.S., Russia and Europe, differentiated products, leading-edge design, efficient manufacturing and exemplary service, which have created one of the most valued brands in the industry.

 

 

The Marazzi Group (www.marazzi.it) is a leading manufacturer and marketer of ceramic tile in all its major geographies, including Russia, the United States, Italy, France and Spain. Founded and managed by Filippo Marazzi, Sr. and his family, the Marazzi Group has become a global leader in ceramic tile with worldwide brand recognition. Marazzi’s product line features glazed ceramic, glazed porcelain, technical tile and color body porcelain. Marazzi introduced the single fire process that revolutionized the industry, making ceramic more accessible to a wider market. Technological innovations continue today with new introductions such as crystalized porcelain and single-fired thin tiles. Marazzi operates manufacturing facilities in Russia, the United States and Western Europe and employs around 6,300 people.


Eidos Partners (www.eidospartners.com) is an independent advisory firm specialised in mergers and acquisitions, initial public offerings, debt raising, financial restructuring, financial advisory services and execution of structured finance transactions, including bond issues and derivatives.


For further information www.eidospartners.com

 

Transaction Type
Sell side advisory

Transaction Size
Enterprise Value €1.2bn

Sector
Design, manufacturing and distribution of ceramic tile

Stefano Bellavita
Managing Director
Tel: +39 02 8597.921
stefano.bellavita@eidospartners.com

Luisa Sambuco
Vice President
Tel: +39 02 8597.9230
luisa.sambuco@eidospartners.com

Massimo Noceti
Associate
Tel: +39 02 8597.9243
massimo.noceti@eidospartners.com

Valerio Leone
Analyst
Tel: +39 02 8597.9229
valerio.leone@eidospartners.com

Mattia Vico
Analyst
Tel: +39 02 8597.9810
mattia.vico@eidospartners.com

Valeria Pastò
Analyst
Tel: +39 02 8597.9809
valeria.pasto@eidospartners.com