M&A International Snapshots 2022




SpaceCapital Club invested inAdlerOrthoS.p.A.

The BDO M&A team in Italy advised Adler Ortho S.p.A., an Italian group specialised in the design and production of prothesis and orthopedical devices, on a capital injection by Space Capital Club, an Italian PE fund. Adler Ortho recorded a turnover of approximately EUR40 million in 2019, with an EBITDA margin of 16%. The company has a work force of approximately 150 people and a consolidated international presence; in fact, about 50% of the turnover is recorded abroad and in particular in France, Japan and the UK. The transaction consisted in the subscription of a minority stake equal to 35% of the company's share capital through a reserved capital increase of EUR22 million in favour of a vehicle, Space Orion S.p.A., specifically set up by Space Capital Club shareholders. The financial resources provided by Space Capital Club, entirely through a dedicated capital increase, will be aimed at strengthening the commercial international presence of the group.

BDO contact for this transaction

STEFANOVARIANO Partner stefano.variano@bdo.it


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