ARTSANA acquired by INVESTINDUSTRIAL
Context
Artsana undergoes a structured balance sheet reinforcement combining a shareholder loan conversion and a capital injection jointly executed by Investindustrial and the Catelli family, aimed at consolidating the group’s financial architecture and supporting its ongoing industrial repositioning. The transaction is based on the conversion into equity of a shareholder loan originated in the context of the 2016 LBO, complemented by a cash capital increase subscribed by both reference shareholders. The total reinforcement amounts to €258 million, of which approximately €208 million derives from the conversion and €50 million from new cash contributions. This operation is designed to simplify the capital structure and reduce medium-term refinancing pressure. In parallel, the group secures a renewed banking framework through the extension and restructuring of existing credit facilities, alongside additional funding lines, for a total envelope of €415 million, supported by a longstanding banking pool led by UniCredit. This arrangement aims to ensure liquidity stability and support the execution of the industrial plan.
It is worth noting that the fund Investindustrial took control of Artsana through an LBO in 2017.
ARTSANA, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Retail & Consumer sector (11.0x).
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
Artsana is a European industrial group active in consumer products dedicated to early childhood and family care, structured around an integrated brand portfolio spanning baby care equipment, infant health, toys and specialised retail distribution. The group operates across both B2C and B2B2C segments, characterised by high sensitivity to distribution channels and multi-market exposure. Its portfolio includes established brands such as Chicco, Prénatal, Toys Center and Fiocchi di Riso, covering complementary categories from birth to early childhood. This structure enables broad value chain coverage, combining product development, retail distribution and omnichannel presence across multiple European and international markets. The group maintains a significant international footprint, with a consolidated presence in Europe and a growing exposure to global markets, representing a structural component of its activity base. This reach is supported by integrated distribution networks and local commercial partnerships, enabling adaptation to diverse regulatory and market environments.
Ent. Value
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Equity Value
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Multiples
EV / Revenue
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
Other operations with ARTSANA
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 04/2017 | INVESTINDUSTRIAL | ARTSANA | ITALY | Consumer Products | Private equity sponsor Investindustrial, led by Andrea Bonomi, has entered into a binding agreement to acquire a 60% controlling equity stake in Artsana Group. Structured to ensure seamless operational continuity, the founding Catelli family (previously the sole owners of the business) will roll over a significant portion of their equity to retain a 40% minority position. Furthermore, Michele Catelli will remain Chairman of the board, and Claudio De Conto will continue to serve as Chief Executive Officer |
REFERENCES
Revenue range: 1b - 3b EUR
EBITDA range: 100M - 200M 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).
Target: artsana
Acquirer: investindustrial