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12/2020Majority

Franchi Umberto Marmi takes majority stake in Ingegner Giulio Faggioni Carrara

ITALY Chemicals & Materials / Building & Interior Materials EV €100–350M

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 [members only] in 2019, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, standing directly in line with the average observed in the Industry & Manufacturing sector (11.6x in 2020).

-> 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.

Ent. Value

€100–350M

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

5x–12x

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2019
[members only]
€5–25M
[members only]
2018
[members only]
€5–25M
[members only]

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REFERENCES

Valuation range: EV €100–350M

EBITDA range: €5–25M

EV/EBITDA range: 5x - 12x

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

FAQ

What transaction does this page cover?

This page covers the acquisition of a majority stake in Ingegner Giulio Faggioni Carrara, an Italian company specialised in Building & Interior Materials, by Franchi Umberto Marmi in 2020.

How was the acquisition of Ingegner Giulio Faggioni Carrara by Franchi Umberto Marmi valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €100–350M band and its EV/EBITDA multiple within the 5x - 12x range. Exact figures are available to members.

What was Ingegner Giulio Faggioni Carrara’s EBITDA at the time of the deal?

At the time of the transaction, Ingegner Giulio Faggioni Carrara’s EBITDA was estimated within the €5–25M bracket (FY 2019). Detailed financial figures are available to members.

How does the valuation of Ingegner Giulio Faggioni Carrara compare to benchmarks in the Industry & Manufacturing sector?

With an estimated multiple range of 5x - 12x, the transaction stands directly in line with historical averages for the Industry & Manufacturing sector (11.6x in 2020).

What sources support the information on this transaction?

Transaction intelligence is supported by independent reporting from specialized financial publications, alongside a private document shared by the community and verified by the mynth team to ensure the accuracy of the shared information.

What is mynth?

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