Transaction details
Regas
Ethica Group alongside Regas as financial advisor in the sale of the majority to Credem Private Equity
Ethica Group assisted Regas, leader in Italy in gas odorization services, in the sale of the majority stake to Credem Private Equity.
Established in 1998, Regas is active in design and management of decompression plants, measurement stations and specific equipment for regulating and monitoring gas injected into the network, as well as a leader in Italy in gas odorization services; Regas will close 2021 with a turnover of approximately €25 million and an EBITDA of 30%.
Credem Private Equity, has completed the acquisition of 70% of Regas through the three Elite funds, Credem Venture Capital II and EltifPlus; Regas is the first investment of the EltifPlus Fund, launched last March and the third operation carried out by the company since the launch of the Elite and Credem Venture Capital II funds.
Ethica Group acted as Regas M&A advisor with the Ethica Corporate Finance team, while the Debt Advisory team acted as debt structuring advisor.