3 June 2004
Henderson Private Capital backs the Redecam group
Henderson Private Capital announces its i...
completion, in April 2004, of an important investment in Wellnet S.p.A, one of Italy’s leading
health, fitness and relaxat...
Henderson Private Capital is the private equity operation of Henderson Global Investors
and has €1 billion under managemen...
of 3

Press enquiries

Published on: Mar 4, 2016
Source: www.slideshare.net


Transcripts - Press enquiries

  • 1. 3 June 2004 Henderson Private Capital backs the Redecam group Henderson Private Capital announces its investment in the Redecam group, Italy’s leading filtration systems company. The group, which has substantial presence in Italy, Spain and Australia, designs and installs filtration systems, particularly for the cement industry and the energy sector, and also has a substantial presence in the design, installation, launch, operation and maintenance of grinding mills. Headquartered in Milan and Madrid, the Redecam group intends to increase the pace of its expansion worldwide. Revenues for the group have more than doubled over the last three years and with the financial and operational support of Henderson Private Capital the business is strengthening its ability to continue to grow rapidly both into new geographic territories and into new industrial sectors. Specifically, the group plans to develop its direct presence in South America and Eastern Europe, where the group’s products and solutions are expected to meet the requirements of fast growing demand. The increasingly stringent operating conditions and environmental guidelines on gas and power emissions as well as energy consumption for an increasingly large number of industries worldwide represent strong positive drivers for the growth prospects of the Redecam group. Henderson Private Capital leveraged its Milan-based team to originate, structure and ultimately execute a complex transaction that is expected to provide an excellent platform for value creation. The team won the investment opportunity over competition through dedicating considerable time and resources to reviewing the business prospects and identifying both a financial structure and an organisational layout that are expected to facilitate the group’s compelling international growth plans. Through its active management of the investment in the Redecam group going forward, Henderson Private Capital plans to commit further significant operational and financial support to help the group, whose businesses are scalable, both organically and through acquisitions. This is the second transaction completed in Italy by Henderson Private Capital’s European private equity team, led by Toby Boyle, Roberto Italia and Walter Moldan and follows the
  • 2. completion, in April 2004, of an important investment in Wellnet S.p.A, one of Italy’s leading health, fitness and relaxation centre operators. With a €400 million fund, the European private equity team comprises nine investment professionals, who together have more than 60 years’ private equity experience across Europe and who pursue investment opportunities in small to medium-sized companies with growth plans and ambitions both domestically and internationally. Investments are typically buyout or expansion in the range of €10 million to €60 million of equity capital. Roberto Italia, Partner, Henderson Private Capital, comments: “This transaction represents many of the key features of our typical deal. It was made possible, both from an origination and completion perspective, through the knowledge, network and experience of our team, against significant competition. Working with management during due diligence, we were able to inject new strategic, organisational and management thinking and at the same time provide a solution to the long-term challenges facing our partners. The international nature and extent of the business, its leadership in a rapidly growing market and its growth characteristics fit very well with our investment criteria. We believe that this investment can generate real value for our investors.” Giuseppe Bettoni, president and founder of the Group comments: “We are delighted to have partnered with Henderson Private Capital. Their commitment to complete the transaction and their strategic support in the run-up phase convinced us that they were the right choice of private equity partner as we position the business for its next exciting stage of growth.” Marco Chiadò-Piat, Experia Corporate Finance and Electa Financial Engineering advised Henderson Private Capital and the company. Ashurst provided Henderson Private Capital with tax and legal advice while Didomenico & Didomenico advised Redecam. Mckinsey & Co. provided strategic advice whilst Via Advisors and Ernst & Young advised on financial and fiscal due-diligence. Enviros Consulting and CAT Alliance provided environmental due diligence, and Marsh provided insurance due diligence. -ends- Press enquiries Equus: Piers Hooper +44 20 7223 1100 Corinne Daniels Notes to Editors 2
  • 3. Henderson Private Capital is the private equity operation of Henderson Global Investors and has €1 billion under management (as at 31 December 2003). Henderson Private Capital is well placed to take advantage of attractive investment opportunities in private capital through its dedicated teams: European Private Equity Asia Pacific Private Equity Infrastructure Fund of Funds Other investments of Henderson Private Capital’s European Private Equity team include Leisure Link (the UK’s largest manager of public space gaming and entertainment machines), TopGolf (the world’s first high tech driving range operator), Vacant Property Security (providing protection services for vacant properties in the UK, France and the US) and Wellnet (one of the leading operators in the Italian health, relax and fitness market). Henderson Global Investors is a leading investment manager, providing a wide range of investment products and services to institutions and individuals in Asia, Europe and North America. Henderson manages over €100 billion (as at 31 December 2003) in assets and employs more than 800 people around the world. Henderson Private Capital is regulated in the UK by the Financial Services Authority. www.hendersonprivatecapital.com www.tonicnet.it www.leisure-link.com www.topgolf.co.uk 3

Related Documents