IMA GROUP acquired by BC PARTNERS
Context
BC Partners, a leading pan-European private equity firm, partnered with the incumbent Vacchi family to orchestrate the take-private of IMA S.p.A., a global leader in packaging machinery previously listed on the Milan stock exchange. The transaction was structured as a leveraged buyout, initiated through a mandatory tender offer following BC Partners' acquisition of a significant minority stake in Sofima, the Vacchi family's holding company. This strategic partnership allowed the founding family to retain majority control of the new ownership structure while leveraging BC Partners' financial backing and expertise to delist the company. The rationale for taking IMA private was to support its next phase of growth away from the short-term pressures of public markets. The new owners intend to foster long-term value creation through strategic investments in innovation, the adoption of new technologies, and the pursuit of organic growth opportunities globally. For the Vacchi family, the deal provided a strong partner who shared their vision for the group's future evolution. For BC Partners, the acquisition represented a classic investment in a resilient market leader with a strong management team, a global footprint, and multiple levers for future value enhancement in a sector with positive long-term fundamentals.
IMA GROUP, which reported an EBITDA margin of LOGIN in 2019, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Industry & Manufacturing sector (11.2x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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Target
IMA Group (Industria Macchine Automatiche S.p.A.) operates as a global industrial manufacturer specializing in the design, engineering, and manufacture of automatic machines and complete lines for processing and packaging. The company's commercial business model centers on supplying highly automated, high-precision processing technologies and packaging systems to a diversified international client base. The group maintains a massive operational footprint across specialized consumer and healthcare end-markets, specifically within the pharmaceutical, food, beverage, cosmetics, and personal care sectors.
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Historical Financials (EUR)
Other operations with IMA GROUP
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 02/2026 | IMA GROUP | PROSYS | IRELAND | Life Sciences | IMA Group acquired a majority stake in ProSys Sampling Systems Limited from its co-founder and Treysa Limited. The transaction is a core component of IMA's international growth strategy, aiming to strengthen its "IMA Life" division by integrating specialized containment and sampling expertise |
| 07/2023 | BDT & MSD PARTNERS | IMA GROUP | ITALY | Industrial Equipment | BDT & MSD Partners has agreed to acquire a significant minority stake in IMA S.p.A., purchasing the entire 45% holding from private equity firm BC Partners. The founding Vacchi family will retain its majority ownership, controlling the remaining 55% of the company |
REFERENCES
Valuation range: EV 3b - 100b EUR
Revenue range: 1b - 3b EUR
EBITDA range: 150M - 250M EUR
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Press release: view release
Target: ima group
Acquirer: bc partners