Smart Capital, a permanent capital industrial holding company specializing in private equity and private investments in public equity, has announced that it has finalized, jointly with the Pittini family, the investment in Midolini Group Re, a real estate initiative strictly linked to the investment already held in Midolini Group. The transaction was carried out through a special purpose vehicle controlled by Smart Capital, which acquired a 43.66% stake in Midolini Group Re, a company established with the Midolini family and dedicated to the acquisition, management and development of the real estate assets of the Midolini Group.
Two important properties located in Friuli Venezia Giulia will flow into the new corporate vehicle, destined to become key hubs for the operations and expansion of Midolini Group’s logistics and industrial activities.
The first property, located in Udine, will be subject to an ambitious redevelopment project involving two years of demolition and reconstruction work. Upon completion of the intervention, the new operational and management hub of Midolini Group will be created, designed to accommodate most of the company’s workforce. The second property, located in San Giorgio di Nogaro, will play a strategic role from a logistical point of view thanks to its privileged position in the Triveneto area. The goal is to develop a true logistics hub for Midolini Group.
Smart Capital’s investment is estimated at approximately 1.9 million euros. The overall transaction provides for a financial structure with an indicative leverage of 65%.
