Founded in 1831, Boero Group is an Italy-based company manufacturer of paints and coatings. Its main segments include architectural & decoration, yachting and marine and provides powder and solvent based coatings, paints, varnishes, smelters, ornaments and glazes. The company has a diverse portfolio of brands such as Boero, Attiva, Rover, Veneziani, Torre, Brignola Colori, Boero YachtCoatings. CIN – Corporacao Industrial do Norte agreed to acquire a majority stake in Boero Bartolomeo, an Italy-based manufacturer of paints and coatings, from Boero Family for an undisclosed consideration.
Optimal Investments advised CIN – Corporação industrial do Norte on the arrangement of a syndicated senior debt facility, leading all interactions with potential providers of debt finance and commercial negotiations in order to ensure an optimal package to support the transaction. The process covered a number of detailed workstreams including financial modelling, debt structuring and documentation. This transaction enabled CIN – Corporação Industrial do Norte to consolidate its presence in Europe and diversify its products portfolio.