Gilde Buy Out Partners (via Solidus BidCo) Agrees to Acquire Control of TAS S.p.A.
October 21, 2021
Gilde Buy Out Partners, through newly formed Solidus BidCo S.p.A. (and Solidus HoldCo S.p.A.), has entered into agreements to acquire GUM International S.r.l. and a stake in 2BP S.r.l., which together control OWL S.p.A., the controlling shareholder of TAS S.p.A. Upon closing, BidCo will launch a mandatory tender offer at EUR 2.20 per TAS share (implying a TAS interest value of ~EUR 134.5m) with the aim of delisting TAS and supporting accelerated growth and international expansion; management (Bravi Consulting and Umberto Pardi) will reinvest and participate in the HoldCo.
- Buyers
- Gilde Buy Out Partners, Solidus BidCo S.p.A., Solidus HoldCo S.p.A., Bravi Consulting, Umberto Pardi
- Targets
- TAS S.p.A., OWL S.p.A., GUM International S.r.l., 2BP S.r.l.
- Sellers
- GUM Consulting S.p.A., Bravi Consulting, Mr. Fabio Bravi, Mr. Matteo Bravi, CLP S.r.l.
- Industry
- Payments & Fintech
- Location
- Lombardy, Italy
- Transaction Type
- Buyout
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