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12/2020

INGEGNER GIULIO FAGGIONI CARRARA acquired by FRANCHI UMBERTO MARMI

ITALY Chemicals & Materials / Building & Interior Materials EV 100M - 350M EUR

Context

The transaction involves the acquisition of a 50% interest in Ingegner Giulio Faggioni Carrara (IGFC) by the listed entity Franchi Umberto Marmi (FUM). A significant feature of the transaction is the strategic reinvestment by the seller, Giulio Vanelli Marmi (GVM), which subscribed to a 29.4 million EUR capital increase to hold a 9% stake in FUM, subject to a 36-month lock-up. Strategically, this move secures FUM’s long-term access to the world's most sought-after marble varieties, Statuario and Calacatta, thereby reinforcing its competitive moat and vertical integration. The acquisition of these quarry rights is value-accretive, allowing the group to capture higher margins across the value chain and ensure supply stability for its premium international contracts. For the market, this deal highlights the consolidation trend within the Apuan district, where leading players are increasingly seeking to internalize high-value raw material sources.

INGEGNER GIULIO FAGGIONI CARRARA, which reported an EBITDA margin of in 2019, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.6x).

-> Deep-dive in Industry & Manufacturing market trends

Target

Ingegner Giulio Faggioni Carrara (IGFC) is a premier operator within the historic Apuan marble district, holding strategic exploitation rights for two of the most prestigious quarries in the Carrara region. Located in the Miseglia area, these assets are globally renowned for yielding high-value varieties of white marble, most notably Statuario and Calacatta, which are highly coveted in the luxury architectural and design sectors. The firm’s business model is centered on the sustainable extraction and primary management of these rare natural resources, which command significant price premiums on the international market due to their unique aesthetic properties and limited availability. By controlling access to these top-tier mineral deposits, the company occupies a critical position at the upstream end of the stone industry value chain. Its operations are characterized by deep geological expertise and specialized extraction techniques required to preserve the integrity of high-grade marble blocks. As a vital resource holder, IGFC serves as a primary supplier to the global high-end construction and luxury interior markets, functioning as a guardian of the "Made in Italy" heritage in natural stone.

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Historical Financials (EUR)

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2018

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REFERENCES

Valuation range: EV 100M - 350M EUR

EBITDA range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of INGEGNER GIULIO FAGGIONI CARRARA by FRANCHI UMBERTO MARMI 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: ingegner giulio faggioni carrara

Acquirer: franchi umberto marmi