This transaction represents a strategic debt refinancing and capital injection for Prima Industrie, orchestrated by its owners, Alpha Private Equity and Peninsula Capital. Following the company's delisting from the Milan stock exchange in 2023, the shareholders secured a 90 million EUR mid and long-term credit facility from a syndicate of major Italian financial institutions. The rationale for this financing is dual-faceted: it serves to restructure the group's existing financial liabilities and provides necessary liquidity to support working capital requirements. By replacing older debt facilities established during the initial take-private transaction with this new pool-syndicated debt, the company optimizes its capital structure and secures the financial flexibility needed to sustain its industrial innovation programs. The involvement of six leading banks underlines the creditworthiness of the group’s industrial model and supports its ongoing operational activities in the laser machinery and industrial electronics sectors. This financing ensures that the group remains well-capitalized to pursue its growth trajectory and manage its cash flow requirements independently of public market constraints.

PRIMA INDUSTRIE, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN discount to the 8.7x average currently observed in the Industry & Manufacturing sector.

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