mynth
07/2023Minority

BDT & MSD Partners invests in Ima Group

ITALY Industrial Equipment / Special Machinery / Robotics & Automation EV €1–10bn

Context

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. This transaction marks a successful exit for BC Partners, which had partnered with the Vacchi family to take IMA private from the Milan stock exchange in 2020. During BC Partners' co-ownership, IMA executed several bolt-on acquisitions, enhanced its R&D capabilities, and achieved substantial growth in revenue and profitability. The new partnership with BDT & MSD Partners is designed to launch IMA's next phase of growth. The primary strategic rationale is to leverage BDT & MSD's expertise and long-term capital to accelerate IMA's international expansion, with a particular focus on the U.S. market. Furthermore, the investment will support IMA's leadership ambitions in the transition toward sustainable packaging materials and innovative, eco-friendly solutions, aligning with increasing customer demand for reduced environmental impact. The transaction underscores BDT & MSD's investment philosophy of providing aligned, long-term capital to successful family-controlled enterprises to help them achieve their strategic objectives.

In the past, Ima Group was acquired by BC Partners in 2021 as part of its expansion strategy.

Ima Group, which reported an EBITDA margin of [members only] in 2022, is valued in this transaction at an EV/EBITDA multiple of 15x–25x.

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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.

Ent. Value

€1–10bn

Equity Value

[members only]

Multiples

EV / Revenue

2x–6x

EV / EBITDA

15x–25x

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2022
€1–10bn
€250–500M
[members only]
2021
€1–10bn
€250–500M
[members only]

Other operations with Ima Group

Other operations with Ima Group
DateAcquirerTargetCountrySector
02/2026IMA GROUPPROSYSIRELANDMedical Devices
02/2021BC PARTNERSIMA GROUPITALYRobotics & Automation

Similar deals in Industrial Equipment

Similar deals in Industrial Equipment
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07/2023DIPLOMADICSA GROUPSPAINValves, Pumps & Taps
06/2023NORDSON CORPORATIONGRUPPO ARAGITALYValves, Pumps & Taps
05/2023INTERPUMP GROUPWAIKATO MILKING SYSTEMSNEW ZEALANDSpecial Machinery
05/2023CEREA PARTNERSAB PROCESS INGENIERIEFRANCERobotics & Automation
05/2023XYLEMEVOQUA WATER TECHNOLOGIESUNITED STATESSpecial Machinery
04/2023NEXANSREKA CABLESFINLANDCabling & Connectivity
03/2023REGAL REXNORDALTRA INDUSTRIAL MOTIONUNITED STATESComponents
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REFERENCES

Valuation range: EV €1–10bn

Revenue range: €1–10bn

EBITDA range: €250–500M

EV/Revenue range: 2x - 6x

EV/EBITDA range: 15x - 25x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Ima Group by BDT & MSD Partners are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: ima group

FAQ

What transaction does this page cover?

This page covers the acquisition of a minority stake in Ima Group, an Italian company specialised in Special Machinery, by BDT & MSD Partners in 2023. This followed an earlier holding cycle initiated in February 2021, when the company was acquired by BC Partners.

How was the acquisition of Ima Group by BDT & MSD Partners valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €1–10bn band, its EV/EBITDA multiple within the 15x - 25x range, and its EV/revenue multiple within the 2x - 6x range. Exact figures are available to members.

What were Ima Group’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Ima Group generated annual revenue estimated in the €1–10bn range and EBITDA in the €250–500M bracket (FY 2022). Detailed financial figures are available to members.

What sources support the information on this transaction?

Transaction data and operational intelligence were compiled from independent financial press reporting by specialized M&A publications.

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