Equita assisted Reno de Medici in the assessment of the takeover bid launched by Rimini BidCo
Milan, 16 November 2021 – The Board of Directors of Reno de Medici – the leading producer in the recycled cartonboard business and the largest producer in Italy, France, the Netherlands, and the Iberian Peninsula – today expressed its opinion on the full mandatory takeover bid launched by Rimini BidCo S.p.A., the newly established company fully owned by the funds managed by Apollo Global Management, Inc.
More in detail, the Board of Directors has deemed as fair, from a financial point of view, the consideration of Euro 1.45 per ordinary share that Reno de Medici tendered to the takeover bid.
Equita assisted the Board of Directors and the Independent Directors of Reno de Medici as financial advisor with a dedicated team composed by Carlo Andrea Volpe (Co-Head Investment Banking), Simone Riviera (Head Corporate M&A), Alex Barbi (Vice President), Ruggero Maglia (Associate) and Simone Mazzola (Analyst).
Reno de Medici Group is the leading producer in the recycled cartonboard business and the largest producer in Italy, France, the Netherlands and the Iberian Peninsula. While coated board is mainly supplied to the European market, solid board is representing a leading segment worldwide including US and Asia. The Group is listed on the Star Segment of the Borsa Italiana S.p.A. and Madrid Stock Exchange Market.