Corporate Finance, Debt Capital Market
May 2017
Client Profile
Founded in 1968 and headquartered in Biella (Italy), Sinterama is a leading European manufacturer of colored polyester yarns used in the production of textiles for automotive, home textile, clothing and woven labels. The Group is vertically integrated and covers the entire production process from polyester chips to yarns. Sinterama operates through a global network of production and commercial subsidiaries in the United Kingdom, Bulgaria, China and Brazil and employs approx. 900 people
Houlihan Lokey’s Role
Leonardo & Co. in association with Houlihan Lokey acted as the exclusive financial advisor to Sinterama and assisted the company in structuring and negotiating the transaction. BonelliErede served as the legal advisor to Sinterama. LMS served as the legal advisor to Idea CCR I
Transaction Snapshot
Idea CCR I, the first Italian DIP (Debtor-in-Possession) financing closed-end fund managed by Idea Capital SGR, has completed the acquisition of a 51% stake in Sinterama from existing shareholders. In the context of the transaction and in order to sustain the business plan developed by the new management, Sinterama disposed the remaining 25% stake in its German joint venture Trevira Holdings to Indorama Ventures