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Aimia announces acquisition of Giovanni Bozzetto S.p.A. for C$326M

Date Closed

May 9, 2023

Lead Office



326.00 Million CAD

On March 6, 2023, Aimia Inc. ("Aimia") announced the signing of a definitive agreement to acquire substantially all of the issued and outstanding shares of Giovanni Bozzetto S.p.A. ("Bozzetto") for C$326 million. The acquisition will be financed with a combination of cash and debt and Paladin Private Equity LLC ("Paladin") will act as Aimia's partner in the transaction, receiving an option to acquire up to a 19.9% minority equity position of Bozzetto within one year of closing. The executive team of Bozzetto will reinvest a portion of their net proceeds from the sale for a minority interest of up to 6%.

Aimia, headquartered in Montreal, is a holding company with a focus on making long-term investments in public and private companies through controlling or minority stakes. 

Bozzetto, based in Filago, Italy, is one of the world's leading ESG-focused providers of specialty sustainable chemicals that offers sustainable textile, water and dispersion chemical solutions.

Paladin is a global private equity firm based in Los Angeles that focuses on investments and companies within the industrial technology sector. 

McCarthy Tétrault is advising Aimia with a team led by Hadrien Montagne and Vincent Laurin that includes Gerald Gaunt, Charles-Étienne Pressé, Curtis Chance, Olivia Martin (Business), and Patrick Pengelly (Employment).