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| Client: |
Tecnocap, Srl |
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| Situation: |
Cross Border, the Italian member of the Global M&A partnership was engaged to represent Tecnocap in its acquisition of a U.S.-based company, Penn-Wheeling Closure. Cross Border involved BGL in the process in order to utilize BGL’s local business knowledge, especially the firm’s in depth knowledge of the U.S. financing markets Tecnocap would have to access in order to complete the transaction.
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| Business: |
Tecnocap is a supplier of plastic protective closures, fittings and fasteners for all applications. Penn-Wheeling Closure is a niche manufacturer of metal caps and closures for a wide variety of end markets including cosmetics, pharmaceuticals, candles and specialty foods.
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| Results: |
The Global M&A partners guided Tecnocap through a highly competitive auction process in which the company ultimately prevailed, beating out a number of rival bidders to acquire Penn-Wheeling Closure. Thanks to BGL’s involvement, Tecnocap was able to obtain financing for the acquisition with very attractive terms and competitive pricing and to move smoothly through the due diligence process to closing.
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