Abenex has acquired Zato SpA from LBO France with financing provided by a pool of banks
Zato SpA
Zato engineers, develops and distributes machines to recover, recycle and reuse ferrous and non-ferrous metals. Its machines and systems represent a strategic link in the metal circularity chain by preparing metal scrap for further transformation in the recycling process. The company benefits from a global presence in over 50 countries.
The Deal
Abenex, a France-based pan-European private equity fund, B-Corp certified, has acquired a majority stake in Zato S.p.A. alongside the founder through a secondary buyout from LBO France. This investment aligns with Abenex’s focus on resources optimization, reinforcing its commitment to enhancing the circular economy through high-performance, technology-driven recycling solutions.
Lincoln International supported Abenex in structuring the optimal financing package for the acquisition. The financing was provided by a pool of banks, including Banco BPM, Intesa Sanpaolo, Banca Monte dei Paschi, Deutsche Bank, Banca Sella and funds from Generali Asset Management.
Our Perspective
Daniele Candiani, Managing Director in Lincoln’s Capital Advisory Group, commented, “We are delighted to have supported Abenex in completing its second investment in Italy and to have secured a highly competitive financing structure. By leveraging our deep expertise in the Italian financing market, Lincoln International designed a bespoke financing solution that enabled the successful completion of this buyout.”
I would like to sincerely thank Lincoln for their valuable support and professionalism throughout all stages of the deal. Lincoln’s expertise, dedication and readiness to assist were crucial to the success of the transaction and made the process much smoother, despite its complexities. It has been a pleasure working with the Lincoln team, both professionally and personally. I hope there will be new opportunities to collaborate together soon.
Meet our Senior Team
By linking my experience in debt advisory and mergers and acquisitions, I look forward to delivering flexible and innovative financing solutions to make an impact that matters with long-term target clients, as Lincoln does best.
Daniele Candiani
Managing Director & Co-Head of Capital Advisory, Europe
Milan
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