At what enterprise value was PIOVANGROUP acquired in 2024?

During the acquisition of PIOVANGROUP by INVESTINDUSTRIAL in 2024, the transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b EUR.

What was the EV/EBITDA of PIOVANGROUP when it was acquired by INVESTINDUSTRIAL?

The estimated EV/EBITDA multiple for PIOVANGROUP is in the range of 5x - 12x.

When was PIOVANGROUP acquired by INVESTINDUSTRIAL?

PIOVANGROUP was acquired by INVESTINDUSTRIAL in 2024.

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

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

What was the EBITDA of PIOVANGROUP during the acquisition?

PIOVANGROUP's EBITDA is estimated to be in the range of 50M - 100M EUR.

How is the data for the PIOVANGROUP 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 PIOVANGROUP 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://petpla.net/2024/07/24/investindustrial-viii-acquires-piovan-group/

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Home Database Industry & ManufacturingPIOVANGROUP

07/2024

PIOVANGROUP acquired by INVESTINDUSTRIAL

ITALY Industrial Equipment / Special Machinery / Robotics & Automation EV 500M - 1.5b EUR

Context

Investindustrial entered into agreements to acquire a combined 64.82% stake in Piovan (67.96% excluding treasury shares). The transaction involves purchasing 58.35% from Pentafin and 6.47% from 7-Industries. Following the closing, the acquirer will launch a mandatory tender offer to acquire the remaining shares and delist the company from the Milan stock exchange. The partnership is designed to accelerate Piovan's global organic and inorganic growth, with the Piovan family (via Pentafin) reinvesting to maintain a 25% indirect stake in the purchaser. Management continuity is secured, with Nicola Piovan remaining Executive Chairman and Filippo Zuppichin as CEO.

PIOVANGROUP, which reported an EBITDA margin of in 2024, 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).

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Target

PiovanGroup is a global leader in the development and production of automation systems for the storage, transport, and treatment of polymers, plastic powders, and food powders. Controlled by Investindustrial since March 2025 following its delisting from Euronext Star Milan, PiovanGroup is an aggressive consolidator in the industrial process sector.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2024

2023

Other operations with PIOVANGROUP

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
06/2026	PIOVANGROUP	Aasted	DENMARK	Robotics & Automation
03/2025	PIOVANGROUP	MIX&CO	ITALY	Process Engineering & Production Lines
03/2025	PIOVANGROUP	BHT	ITALY	Food & Beverage Lines

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 450M - 900M EUR

EBITDA range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of PIOVANGROUP by INVESTINDUSTRIAL 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: piovangroup

Acquirer: investindustrial