Apheon acquires majority stake in Golmar

Private equity fund Apheon has acquired Golmar, an Italian company founded in Turin in 1972 by the Golè family and now based in Milan. Golmar is a leading Italian player in the distribution of professional cleaning and hygiene products under its own brand, primarily targeting small businesses. Following the transaction, Seta Holding – an investment platform based in Luxembourg leading a consortium of investors – sold its entire majority stake in Golmar, while the founding Golè family retained a minority stake, remaining alongside Apheon and CEO Didier Tisserand to ensure continuity and support in this new phase of the company’s growth. The partnership will further strengthen Golmar’s positioning in high-potential markets, expand its product portfolio with innovative and sustainable solutions, and contribute to a greater professionalization of the organization.

Apheon was assisted by international law firm Gianni & Origoni for M&A legal matters with a team composed of Partners Gianluca Ghersini and Gerardo Carbonelli, Counsel Olympia Noemi Foà, and Associate Francesca Leoni.

Electa Italia handled the structuring of the transaction and transaction execution with a team led by Luca Magliano.

PedersoliGattai assisted Apheon on the legal aspects related to acquisition financing with a team led by Partner Gaetano Carrello and composed of Senior Counsels Silvia Pasqualini and Stefano Motta and Associates Giuseppina Manusia, Elvira Ricotta, and Giacomo Marchetti.

The complex financing transaction was structured through a senior loan granted by a pool of banks composed of Banca Ifis, Banca Sella, Banco BPM, Cherry Bank, and Intesa Sanpaolo, and a mezzanine financing provided by Anima Alternative SGR on behalf of the Anima Alternative Growth fund.

Russo De Rosa Associati assisted Apheon with the tax aspects of the transaction, with a team composed of Valerio Libani, Luigi Cecere, and Alessandro Agresti.

PwC supported Apheon in the financial due diligence and as financing advisor, with a multidisciplinary team composed of Partner Emanuela Pettenò, Director Giulia Valenti, Director Daniele Mentesana, Senior Manager Davide Sant’Unione, and Senior Associate Salvatore Giuffrida for financial due diligence and SPA assistance.

As debt advisor, PwC acted with a team composed of Partner Alessandro Azzolini, Director Andrea di Cello, Manager Sebi Cosentino, Senior Associate Ario Bacigalupo, and Associate Stefano Girolimetto. PwC also assisted Apheon in the ESG due diligence with a team composed of Partner Massimo Leonardo and Director Laura Farruggia.

Latham & Watkins assisted the lending banks with a team led by Partner Marcello Bragliani, Counsel Erika Brini Raimondi, and Associate Lorenzo Suzzi.

Seta Holding and the other sellers were assisted by Studio Molinari with a team composed of Partner Marco Laviano, Senior Associates Giuliano Decorato and Federico Trabucco, and Associate Margherita Del Deo.
The Golè family was also assisted, on one hand, by ADVANT Nctm with Partner Pietro Zanoni and Associates Mario Bonferroni and Vittoria Belcuore, and, on the other hand, by lawyer Alessandro Fontanazza.

Golmar’s CEO was assisted by Orsingher Ortu with a team composed of Senior Partner Nicola Barra Caracciolo, Partner Cesare De Falco, Senior Associate Andrea Piatti, and Associate Andrea Montanaro.

Chiomenti assisted Anima SGR in structuring and documenting the mezzanine financing with a team led by Partner Davide D’Affronto and composed of Senior Associate Cettina Merlino and Associates Alessandra Belmonte and Annie Jandoli for the banking aspects, as well as Partner Luigi Vaccaro and Counsel Daniele Sacchetti for the corporate aspects, and Senior Associate Andrea Basi for the tax aspects.