(Tiper Stock Exchange) – Oxy CapitalPrivate Equity operator with offices in Lisbon and Italy, will take control Of Enertronica Santernoa company listed on Euronext Growth Milan and which operates in the energy and power electronics sector, with the aim of supporting the company in the industrial and financial turnaround.
Today Enertronica Santerno has the appeal for the request for approval of the restructuring agreements was filed with the Court of Bologna of debts pursuant to art. 57 CCII, together with the industrial and financial plan underlying the restructuring agreement.
Following the transaction, Enertronica Santerno will be controlled by a newly established holding company, which will bring together the shareholdings of the Carraro group and NTS, the majority of which will be assumed by the company Oxy Capital which will therefore take control and participate in the capital increase. The operation is made possible by the financial support of unlimited for more than 20 million euros.
The new plan presents the following results target 2027: sales revenues of approximately 80 million euros; EBITDA Margin of around 15%; Negative Net Financial Position (payables) for 11.7 million euros.
The company has subscribed, with a primary operator in the sector, a industrial supply contract of spare parts for the revamping of plants mainly located in Latin America and North America, worth approximately 10 million euros. This order was implemented in the above plan and the economic effects are expected to unfold mainly in the last quarter of 2023 and in the first quarter of 2024.