Deal Announcement

DC Advisory advised Mitsubishi Electric on the acquisition of a majority interest in DeLclima from De’Longhi Industrial; deal values 100% of equity at c.€664m

23 Dez 2015

DeLclima S.p.A. (“DeLclima”) is a leading European manufacturer of HVAC&R products for commercial buildings, with particular expertise in chillers and air conditioning solutions

DC Advisory, along with parent company Daiwa Securities, was engaged by MELCO in 2014 to advise on a potential acquisition of DeLclima

As exclusive financial advisers, DC Advisory and Daiwa Securities provided comprehensive financial advice covering all aspects of the Transaction from origination to signing in both Europe and Asia

On 25 August 2015, MELCO entered into an agreement to acquire 74.97% of the shares in DeLclima from De’Longhi Industrial (the “Transaction”). Following the completion of the Transaction, a Mandatory Tender Offer will be launched by MELCO in order to acquire the remaining 25.03% share capital of DeLclima

The total expected purchase price for 100% of DeLclima’s shares is approximately €664 million (based on a price of €4.44 per share)

The Transaction, which is subject to clearance from antitrust authorities and the completion of the sale of DL Radiators to an affiliate of the De’Longhi family, is expected to complete at the end of November 2015

Deal Team