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Comunicati Stampa / New Deal Advisors supports IDI and Andera Partners in the sale of Flex Composite Group to Michelin Group
MEDIA KIT Media Kit
19/06/2023

New Deal Advisors supports IDI and Andera Partners in the sale of Flex Composite Group to Michelin Group

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Milan, June 19, 2023 – New Deal Advisors, an independent firm specializing in advisory services to M&A Transactions, has supported IDI and Andera Partners, French private equity funds, in the sale of Flex Composite Group to Michelin Group, based on an Enterprise Value of approx. 700 mln euros.

Flex Composite Group (FCG) is a European leader in the design, manufacture and distribution of advanced composite materials. With strong expertise in materials science and engineering, the group designs highly technical, customized and value-added solutions for a wide portfolio of customers (over 2,100 customers worldwide), targeting specialized markets (marine, supercar, transportation, heat transfer, technical apparel, construction, etc.). With a turnover of more than Euro 200 mln, FCG employs about 400 employees, 40 of which dedicated to R&D. Equipped with a worldwide sales network (Europe, the United States and China), it boasts six production centers in Belgium and Italy. The deal is part of Michelin’s “Michelin in Motion”; strategic plan, which aims to extend the activities of Michelin, a French industrial group with global reach, beyond tires to reach 20-30% of its business by 2030, capitalizing on its historical expertise in flexible composite manufacturing.

Specifically, New Deal Advisors supported on behalf of the sellers on the Italian part of the group, namely for the Angeloni, Selcom and Fait Plast companies.

New Deal Advisors with a team led by Guido Pelissero (Partner), has provided Financial Due Diligence services to IDI and Andera Partners.

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New Deal Advisors is an independent firm specialising in advisory services in M&A. Established in 2012, New Deal Advisors provides support in a broad variety of extraordinary transactions streams including mergers and acquisitions, restructuring, transformation processes, forensic and litigation activities, fairness opinions and valuation services. New Deal Advisors has worked for more than a decade alongside private equity funds, investment holdings, family offices, financial institutions and strategic players achieving to date the finalisation of over 200 deals.

 

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The extreme professionalism and availability, the immediate understanding of the customer’s needs and practice, the experience in detecting and determining damages, the clarity and completeness of the prepared technical report: these are the elements that have characterized the team’s work of New Deal Advisors which has assisted us in a dispute initiated by one of our clients for the unlawful suspension of contracts in public procurement.

Avv. Matteo Padellaro socio Gianni Origoni Grippo Cappelli & Partners

We used the help of New Deal Advisors as part of our portfolio monitoring activities through IBR, financial review, forensic services and we found a great skill, innovation and originality in strategies and actions and added value of the analyzes produced.

Elena Lodola Head of Leveraged Finance Capital Markets Italy, BNP Paribas.

With New Deal Advisors we have collaborated in identifying and representing criminally relevant elements before the Public Prosecutor’s Office following the investigations conducted by them; their experience in this field, the solid technical preparation and the ability to put it at the service of the client and the lawyers have proved to be fundamental for the concrete pursuit of the results expected by the client at the beginning of the project.

Avv. Gildo Ursini socio Studio Ursini

In 2017, we realized a strategic and structuring external growth operation in Italy, initiated by our participation ORCA, with the take-over of FAIT PLAST, European leading manufacturer of technical thermoplastic films. During this operation, we really enjoyed working with New Deal Advisors who has demonstrated its ability to find and analyse key financial information and deliver a very good DD report in a short timeframe.

idi - Augustin Harrel-Courtès Senior Associate

We have been working with New Deal Advisors for many years and for us they have become a reference partner in our investment processes. They are extremely competent and flexible professionals with a very pragmatic and always in-depth analysis approach. A senior team that has been able to gain esteem and confidence even from its counterparts by being appreciated for its ability to bring real added value even in the post deal.

PFH – Nicola Iorio, Nadia Buttignol e Massimiliano Mattietti

I worked with New Deal Advisors in a project that involved the evaluation of an intangible asset in the presence of different elements of damage. Andrea was very attentive to the needs of the end customer, both in terms of budget and delivery time of the evaluation report. The final product was excellent with wide customer satisfaction having been followed its indications and identified original technical solutions to obtain the expected final result.

Avv. Vincenzo D'Ambra socio Studio Nunziante Magrone

The team’s skills stretch far beyond usual professional competence, enabling them to extract reliable data even in challenging environments, simplifying highly complex analyses and providing sound and reliable support to sensitive decision making, in the context of a constructive and positive spirit.

ANDERA – Luca Maria Ravano / Massimo Massari Partners