The Carlyle Group acquires Marelli Motori for €212m
June 20 2013 - 7:27AM
Business Wire
Global alternative asset manager The Carlyle Group (NASDAQ: CG)
today announced that a company wholly owned by funds it manages has
signed an agreement to acquire Marelli Motori from Melrose
Industries PLC (LSE: MRO). The transaction will be effected by the
sale of Marelli Overseas Limited, the holding company of Marelli
Motori, and is expected to close in August 2013.
Capital for this investment will come from Carlyle Europe
Partners III L.P., a 5.3 billion Euro fund that makes mid- and
large-cap investments.
Founded in 1891, Marelli Motori is one of the world’s largest
manufacturers of industrial generators and electric motors, serving
worldwide markets for power generation, marine, oil & gas and
industrial manufacturing.
In recent years the Company has seen significant growth in
revenues, which grew to €149.1 million in 2012, an increase of
12.5% over the previous year and generating in 2012 a headline
EBITDA of €22.2 million.
Headquartered in Arzignano (Vicenza), Italy and with production
plants in Italy and Malaysia, Marelli Motori has a global presence
with sales, service and distribution offices in Germany, UK, Spain,
United States and South Africa.
Commenting on the announcement, Marco De Benedetti, Managing
Director and co-Head of Carlyle Europe Partners said: "Marelli
Motori is an outstanding Italian company that, thanks to the
quality and competence of its management, has gone through a
process of true internationalization enabling them to gain
recognition and a strong market position in all of the major
international markets in which they operate.”
Roberto Ditri, the company’s CEO, added: “We are excited to
partner with The Carlyle Group. We are confident their industrial
expertise and global network will significantly contribute to the
continuing development of our business and support the next phase
of our growth.”
“We look forward to working with the management to build on
these successes to further develop the company for the global
marketplace."
Unicredit and Intesa acted as M&A advisors for Carlyle, with
financing arranged and underwritten by MLAs Unicredit and Societe
Generale. Melrose Industries PLC and Marelli Motori were advised by
Nomura International PLC.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset
manager with $170 billion of assets under management across 114
funds and 76 fund of fund vehicles as of March 31, 2013. Carlyle's
purpose is to invest wisely and create value on behalf of its
investors, many of whom are public pensions. Carlyle invests across
four segments – Corporate Private Equity, Real Assets, Global
Market Strategies and Solutions – in Africa, Asia, Australia,
Europe, the Middle East, North America and South America. Carlyle
has expertise in various industries, including: aerospace, defense
& government services, consumer & retail, energy, financial
services, healthcare, industrial, technology & business
services, telecommunications & media and transportation. The
Carlyle Group employs 1,400 people in 34 offices across six
continents.
Web: www.carlyle.comVideos: www.youtube.com/onecarlyleTweets:
www.twitter.com/onecarlylePodcasts:
www.carlyle.com/about-carlyle/market-commentary
Marelli Motori
Marelli Motori, based in Italy, is one of the world’s leading
manufacturers of generators and electric motors. With five overseas
offices in Germany, UK, Malaysia, USA and South Africa it serves
worldwide markets for power generation, marine, oil & gas and
industrial manufacturing. In the year ended 31 December 2012,
Marelli Motori generated revenues, EBITDA headline and operating
profits of €149.1 million, €22.2 million and €18.9 million
respectively. Marelli Motori’s gross assets were €125.8 million as
at 31 December 2012.
The Carlyle Group Press Office - Publicis Consultants
ItaliaSergio Pisano/Emanuela LocciMobile. 3483113187 –
3483113193 – T. 0277.336.252 – 248e-mail:
sergio.pisano@mslgroup.com – emanuela.locci@mslgroup.comorThe
Carlyle GroupCatherine Armstrong - Media Relations ManagerTel:
+44 (0) 207 894 1632Email: catherine.armstrong@carlyle.com
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