Pacon Acquisition

May 8, 2018 | BorsaItaliana, Finance Community, Press release

F.I.L.A. DELIVERS ON ITS GROWTH STRATEGY AND AGREES TO ACQUIRE 100% OF THE PACON GROUP, A LEADER IN THE U.S. SCHOOLS AND ART & CRAFT MARKET

  • PACON’S AND F.I.L.A.’S PRODUCT OFFERING ARE COMPLEMENTARY IN THE EDUCATIONAL SEGMENT OF THE SCHOOL SECTOR; F.I.L.A. EXPANDS THE BREADTH OF ITS PORTFOLIO IN THE ART & CRAFT SECTOR IN NORTH AMERICA
  • TRANSACTION VALUE US$ 325 MILLION
  • F.I.L.A.’S REVENUES AND NORMALIZED EBITDA AS OF 31.12.2017: € 510.4 MILLION (OF WHICH US$ 175.8 MILLION IN NORTH AMERICA) AND € 80.6 MILLION; PACON PRO-FORMA REVENUES AND NORMALIZED EBITDA IN THE 12 MONTH PERIOD ENDED 25.11.20171: US$ 241.6 MILLION AND US$ 38.2 MILLION
  • F.I.L.A. ESTIMATES SIGNIFICANT COST SYNERGIES
  • PROPOSED LAUNCH OF A RIGHTS OFFERING OF UP TO €100 MILLION, WITH PRE-EMPTION RIGHTS, CONDITIONAL UPON COMPLETION OF THE ACQUISITION

http://www.borsaitaliana.it/borsa/notizie/price-sensitive/206070/detail.html?lang=it

 

FINANCECOMMUNITY: https://financecommunity.it/leonardo-co-houlian-lockey-affianca-fila-nello-shopping-usa

 TGCOM24: http://finanza.tgcom24.mediaset.it/news/dettaglio_news.asp?id=201805080916001459&chkAgenzie=PMFNW  

Traderlink: http://www.traderlink.it/notizie/ultime-news/fila-accordo-per-l-acquisto-del-100-di-pacon_181288CZWME26NQ 

ADVFN: https://it.advfn.com/p.php?pid=nmona&article=77365060 

ClassEditori: http://www.classeditori.it/dettaglionotizia.asp?id=201805080916001459