At what enterprise value was NEXTCHEM acquired in 2025?

During the acquisition of NEXTCHEM by AZZURRA CAPITAL / AZIMUT LIBERA IMPRESA in 2025, the transaction's Enterprise Value is estimated to be in the range of 1b - 4b EUR.

What was the EV/EBITDA of NEXTCHEM when it was acquired by AZZURRA CAPITAL / AZIMUT LIBERA IMPRESA?

The estimated EV/EBITDA multiple for NEXTCHEM is in the range of 10x - 18x.

What was the revenue of NEXTCHEM at the time of the deal?

The revenue of NEXTCHEM at the time of the deal is estimated to be in the range of 450M - 900M EUR.

What was the EBITDA of NEXTCHEM during the acquisition?

NEXTCHEM's EBITDA is estimated to be in the range of 100M - 200M EUR.

How is the data for the NEXTCHEM acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the NEXTCHEM deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.groupmaire.com/it/newsroom/comunicati-stampa/dettaglio/maire-annuncia-il-perfezionamento-della-cessione-da-parte-di-maire-investments-del-79-circa-del-capitale-sociale-di-nextchem-a-favore-di-azzurra-next-one-societa-controllata-da-azzurra-capital/

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Home Database Industry & ManufacturingNEXTCHEM

12/2025

NEXTCHEM acquired by AZZURRA CAPITAL / AZIMUT LIBERA IMPRESA

ITALY Industrial Equipment / Process Engineering & Production Lines / Chemical Production Lines EV 1b - 4b EUR

Context

Azzurra Capital and Azimut Libera Impresa acquired a 7.9% minority stake in NEXTCHEM. This transaction was executed via the vehicle Azzurra Next One, which purchased the shares from Maire Investments (the family office of the Di Amato family). The strategic rationale for this transaction is to strengthen NEXTCHEM's shareholder structure and validate its growth trajectory ahead of a planned IPO on the Milan stock exchange. The deal allows MAIRE to maintain majority control (82.1%) while institutionalizing the technology platform to accelerate its global acquisition strategy, as illustrated by the simultaneous purchase of the Ballestra Group.

NEXTCHEM, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , representing a level the average currently observed in the Industry & Manufacturing sector (11.6x).

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Target

NEXTCHEM is the sustainable technology division of the MAIRE Group, dedicated to enabling the energy transition and decarbonization of the global chemical industry. Its business model focuses on developing, licensing, and scaling innovative proprietary technologies in green chemistry, circular economy, and low-carbon fertilizer production. Strategically, NEXTCHEM acts as an industrial technology platform that bridges the gap between lab-scale innovation and commercial-scale industrial realities. The organization’s value proposition is centered on providing a comprehensive suite of solutions for electrification, recycling, and operational efficiency. By leveraging MAIRE’s global commercial network and engineering heritage, the firm aims to deepen its access to fast-growing specialty chemical end-markets while significantly expanding its portfolio of market-ready sustainable technologies.

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Other operations with NEXTCHEM

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
01/2026	NEXTCHEM	BALLESTRA GROUP	ITALY	Chemical Production Lines

REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 450M - 900M EUR

EBITDA range: 100M - 200M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of NEXTCHEM by AZZURRA CAPITAL / AZIMUT LIBERA IMPRESA 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.

Acquirer: azzurra capital / azimut libera impresa