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COMPUTER HARDWARE & SERVICES | Specialty Computer Hardware / Point of Sales & Retail Computer Systems
gruppoargenta.it

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Stage

Acquired | Acquired

Total Raised

$135.65M

About Gruppo Argenta

Gruppo Argenta is a seller of vending machines.

Gruppo Argenta Headquarter Location

Via Torri Bianche, 24

20781,

Italy

Latest Gruppo Argenta News

KKR-backed Selecta Group to buy Gruppo Argenta

Oct 2, 2017

KKR-backed Selecta Group to buy Gruppo Argenta October 2, 2017 Share KKR-backed Selecta Group to buy Gruppo Argenta Selecta Group BV, a KKR portfolio company, has agreed to buy Gruppo Argenta SpA from Motion Equity Partners. Financial terms weren’t announced. Argenta is a vending and coffee service provider in Italy. writes: Selecta Group BV, a KKR portfolio company, has agreed to buy Gruppo Argenta SpA from Motion Equity Partners. Financial terms weren’t announced. Argenta is a vending and coffee service provider in Italy. Lazard provided financial advice to Selecta and KKR. Kirkland & Ellis, Simpson Thacher & Bartlett and Ropes & Gray served as legal advisers. Mediobanca and UniCredit acted financial advisers to Motion Equity Partners. Pedersoli Studio Legale and Linklaters served as legal advisers. PRESS RELEASE Cham, Switzerland / Milan, Italy, September 29, 2017: Selecta Group B.V. (“Selecta”) today announced that an entity controlled by KKR, Selecta’s majority shareholder, has entered into an agreement to acquire Gruppo Argenta S.p.A. (“Argenta”), a leading vending and coffee service provider in Italy, from Motion Equity Partners. Under the agreement and subject to certain conditions, Selecta has the right to acquire Argenta directly from the seller in place of KKR, or after the completion of the acquisition. A potential combination with Argenta is expected to strengthen Selecta’s position as the pan-European industry leader with an enlarged presence in 16 countries. Argenta’s Italian operations ideally complement Selecta’s country portfolio as Selecta currently has no presence in the country. Furthermore, Argenta adds a high quality, diversified and well-established Italian client and customer base. The company is widely recognized as a benchmark for operational excellence and a leader in coffee services and vending innovations including micro markets, cashless payment technologies and healthy on-the-go food retail offerings. David Hamill, Executive Chairman of Selecta, said: “We are excited to announce the acquisition of Argenta which clearly marks another important milestone in our objective to strengthen our position as the leading self-serve retailer in Europe providing great quality coffee brands and convenient food and beverage concepts. It is a perfect fit with our strategic focus on geographical reach, operational excellence, growth and innovation.” David Flochel, CEO of Selecta, commented: “We are looking forward to partnering with Argenta and to jointly developing the Group. The acquisition gives our companies a unique platform and will allow us to benefit and learn from Argenta’s best-in-class Italian operations on a European level. With our majority shareholder KKR, we have a strong investor by our side who supports us in growing and developing our business in Europe.” Stefano Fanti, CEO of Argenta, added: “We are excited about the partnership with Europe’s leading self-serve retailer. As part of Selecta, Argenta will have access to financial and operational resources that are second to none in the European coffee service and vending market. Together, we will tackle digital opportunities, such as cashless payment and data analytics.” The potentially combined company would have pro forma revenues of over EUR 1.5 billion and pro forma EBITDA of approximately EUR 240 million excluding expected synergies in excess of EUR 45 million from Selecta’s integration of Pelican Rouge B.V. The transaction is subject to customary closing conditions, including relevant antitrust clearance and, with regards to Selecta’s right to acquire Argenta, availability of financing. Closing of the acquisition is expected to take place in the first quarter of 2018. Lazard is acting as financial adviser to Selecta and KKR. Kirkland & Ellis, Simpson Thacher & Bartlett and Ropes & Gray are serving as legal advisors. Mediobanca and UniCredit are acting as financial advisors to Motion Equity Partners. Pedersoli Studio Legale and Linklaters are serving as legal advisors.

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Expert Collections containing Gruppo Argenta

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Gruppo Argenta is included in 1 Expert Collection, including New Retail Formats.

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New Retail Formats

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Tech-enabled, physical retail selling formats that reach beyond the walls of a traditional store.

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