Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Italy
  4. Borsa Italiana
  5. SECO S.p.A.
  6. News
  7. Summary
    IOT   IT0005438046

SECO S.P.A.

(IOT)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

SECO S.p.A. agreed to acquire Garz & Fricke Holding GmbH from AFINUM Siebte Beteiligungsgesellschaft mbH & Co. KG, managed by Afinum Management GmbH, Manfred Garz, Matthias Fricke, Stefan Heczko and others for ?180 million.

10/11/2021 EST

SECO S.p.A. (BIT:IOT) agreed to acquire Garz & Fricke Holding GmbH from AFINUM Siebte Beteiligungsgesellschaft mbH & Co. KG, managed by Afinum Management GmbH, Manfred Garz, Matthias Fricke, Stefan Heczko and others for ?180 million on October 11, 2021. The terms of the agreement envisage a total consideration of ?180 million on a cash-free and debt-free basis. The total consideration amounts to ?180 million and comprises a cash consideration of ?165 million and ?15 million newly issued SECO shares. SECO will issue 2.6 million shares. SECO will correspond to Garz & Fricke Group existing shareholders a ?165 million cash consideration to be funded through a mix of new acquisition financing facilities and cash on hand. Intesa Sanpaolo SpA and Unicredit SpA have arranged the financing acting as Co-underwriters and Bookrunners. BancoBPM SpA and Gruppo BNP-Paribas joined as Mandate Lead Arrangers. With the Financing Agreement, SECO intends to fund a portion of the price that will be paid to the Sellers and to refinance the debt of Garz & Fricke Group at closing. The transaction is expected to be EPS accretive in the first full year after acquisition, before synergies. In connection with the transaction, SECO was advised by Goldman Sachs (M&A advisor), White&Case (legal advisor Milan and Frankfurt), PwC (financial & tax due diligence) and Deloitte (commercial due diligence and integration plan advisor). The Sellers were advised by Martina Ecker, Markus Rosen, Simon Fischer, Daniel Quast, Gerrit Schuette, David Oesterschlink and Andreas Haselbach of goetzpartners (Financial advisor and Due diligence provider) and Oaklins (M&A advisors), CMS (legal advisor), and KPMG (financial & tax due diligence).


ę S&P Capital IQ 2021
All news about SECO S.P.A.
11/01Certain Ordinary Shares of SECO S.p.A. are subject to a Lock-Up Agreement Ending on 1-N..
CI
10/26SECO USA's Deck Control Device Successfully Completes On-Ground MQ-25 Remote Control De..
PU
10/13SECO S.p.A. completed the acquisition of Garz & Fricke Holding GmbH from AFINUM Siebte ..
CI
10/12SECO S P A : Rhea Vendors Group and SECO together for development and innovation in vendin..
PU
10/11SECO S P A : To Acquire Garz & Fricke for $208 Million; Shares Up 5%
MT
10/11SECO S P A : Italy's SECO to buy Germany's Garz & Fricke for 180 mln euros
RE
10/11SECO S P A : Italy's SECO Eyes New Acquisitions In 2022
MT
10/11SECO Aims for New Acquisitions Next Year
CI
10/11SECO S P A : to Acquire Garz & Fricke Group Creating the Listed European Champion in the I..
PU
10/11SECO S.p.A. agreed to acquire Garz & Fricke Holding GmbH from AFINUM Siebte Beteiligung..
CI
More news
Financials
Sales 2021 117 M 132 M 132 M
Net income 2021 - - -
Net Debt 2021 97,4 M 110 M 110 M
P/E ratio 2021 -
Yield 2021 -
Capitalization 868 M 982 M 982 M
EV / Sales 2021 8,28x
EV / Sales 2022 5,00x
Nbr of Employees 443
Free-Float 39,7%
Chart SECO S.P.A.
Duration : Period :
SECO S.p.A. Technical Analysis Chart | IOT | IT0005438046 | MarketScreener
Technical analysis trends SECO S.P.A.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 1
Last Close Price 8,09 €
Average target price 11,00 €
Spread / Average Target 36,1%
Managers and Directors
Massimo Mauri Chief Executive Officer & Director
Lorenzo Mazzini Chief Financial Officer
Daniele Conti Chairman & Chief Technical Officer
Davide Catani Chief Technology Officer
Elisa Crotti Independent Director
Sector and Competitors
1st jan.Capi. (M$)
SECO S.P.A.0.00%982
MEDIATEK INC.34.54%57 328
SANAN OPTOELECTRONICS CO., LTD.33.95%25 354
SKYWORKS SOLUTIONS, INC.-0.26%25 218
UNIGROUP GUOXIN MICROELECTRONICS CO., LTD.53.47%19 496
SILERGY CORP.84.44%14 959