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New Deal


Announced

Picanol Group to acquire a 10% stake in Rieter Holding for $54m.

Financials

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Transaction Value£38m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For10%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Acquisition

short-staple fiber spinning

fiber spinning

Minority

Single Bidder

Public

Textile Products

Pending

Friendly

Switzerland

Synopsis

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Picanol Group, a diversified industrial group, agreed to acquire a 10% stake in Rieter, a supplier of systems for short-staple fiber spinning based in Winterthur, Switzerland, for $54m. With the financial participation in Rieter, Picanol Group wants to further diversify its activitiesin the textile industry and secure a stable shareholding for Rieter in the long term.

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