(Tiper Stock Exchange) – GPI extensiona company listed in the Tech Leader segment of Euronext Milan, has formalized the acquisition, through GPI France, a wholly owned subsidiary of Gpi SpA, of 96.58% of the share capital of Evolucare Investment SAS, parent company of the French group of the same name .
The remaining 3.42% stake in the share capital remains held by the current top managers of the company, Philippe Blanco (CEO) and Gauthier Frandon (Commercial Director).
In the context of the operation it was defined the new governance structurewith the appointment of a supervisory board with a Gpi majority and the confirmation at the helm of the Group of Philippe Blanco in the role of CEO who, supported by the entire top management, will lead the Evolucare Group along the path of development, consolidation and growth, as already determined in the Business Plan which, among other things, also outlines the integration, consolidation and growth of Evolucare within the Gpi Group.
The corresponding agreed for the acquisition of 96.58% of the Evolucare Group is approximately Euro 109 million, determined on the basis of an Equity Value for 100% of the fully diluted share capital of Euro 116 million, corresponding to a multiple EV/Adj. 2022 EBITDA of approximately 11.0x. The financial resources were drawn from the share capital increase of Euro 140 million, which Gpi completed in December 2022 and which saw the entry into the share capital of CDP Equity SpA as well as important institutional investors, both Italian and foreign .