Sale to Babcock & Wilcox Enterprises, Inc.

Industrial
Sale to Babcock & Wilcox Enterprises, Inc.

Summary

Baird served as the financial advisor to Ambienta SGR and the Mosiewicz family on this transaction.

About

SPIG S.p.A. (“SPIG” or the “Company”), a company owned by Ambienta SGR and the Mosiewicz family (together the “Shareholders”), was recently acquired by Babcock & Wilcox Enterprises, Inc. (“B&W”) (NYSE:BW) for a consideration of €155 million.

SPIG is a global provider of engineered dry and wet cooling systems and related aftermarket services to the power generation, petrochemical and industrial end-markets. The Company employs approximately 250 people and is present in Italy, the United States, Turkey, India, Russia, China, the United Arab Emirates, and South Korea. SPIG is headquartered in Arona, Italy.

Ambienta is a leading European private equity firm focused on industrial companies driven by environmental trends. With funds under management of over €500 million, Ambienta has completed a number of investments throughout Europe in the areas of resource efficiency and pollution control.

B&W is a global leader in energy and environmental technologies and services for the power and industrial markets. B&W companies employ approximately 5,700 people around the world. B&W is headquartered in Charlotte, North Carolina.

For additional information about this transaction, please contact:

Julien Darmon +44 (0) 20 7667 8415
Michael Wolff +49 (0) 69 130 149 49
John Lanza +1 (414) 298 7669
Nick Sealy +44 (0) 20 7667 8370
Joe Packee +1 (414) 298 7644
Jonathan Harrison +44 (0) 20 7667 8414
Industrial
Sale to Babcock & Wilcox Enterprises, Inc.
Date
July 2016
Company
SPIG S.p.A.
Transaction
M&A
Sectors
Industrial
Target Location
Europe
Acquiror Location
North America

Share