Mutares SE & Co. KGaA, the Germany based private equity firm, has made an irrevocable offer indirectly through a controlled acquisition vehicle, to acquire a majority stake in Sofinter, the Italy based provider of industrial and utility boilers with a strong positioning in the Heat Recovery Steam Generation (HRSG) segment. Current shareholders of Sofinter include Gammon India, the India based civil engineering construction company among others. The transaction will be carried out partly by means of purchase of shares from its current shareholders, partly by means of subscription of a capital increase. The closing of the transaction is expected before the end of 2023 and is subject to the final approval by the lending banks.
Target – Sofinter SpA
Buyer – Mutares Se & Co. kgaa
Seller – Gammon India limited
Seller – Other Undisclosed investors
