Azzurra Capital has acquired an 8% stake in NEXTCHEM for approximately €110 million, supporting the company's growth in sustainable technology solutions.

Target Information

Azzurra Capital Management has signed an agreement to acquire an approximate 8% equity stake in NEXTCHEM S.p.A., for a total consideration of around €110 million. This acquisition marks a significant move in the sustainable technology landscape, as NEXTCHEM serves as a subsidiary of MAIRE, leading its Sustainable Technology Solutions business unit. The transaction values NEXTCHEM at approximately €1.4 billion and is expected to bolster its growth and enhance shareholder value.

With this investment, MAIRE will retain approximately 82% ownership in NEXTCHEM, while Azzurra Capital, Yousef Al Nowais, and Maire Investments S.p.A. will hold 8%, 5%, and 5% respectively. The investment underscores a solid strategic collaboration aimed at ensuring long-term value creation for all stakeholders involved.

Industry Overview

NEXTCHEM operates within the sustainable technology sector, which has gained momentum in Italy and across Europe, driven by increasing demand for green energy solutions and sustainable practices.