Nexxta S.p.A. has acquired a controlling interest in Mignani Odontotecnica, marking the Italian company’s latest move to expand its presence in the dental industry. The deal closed on January 18, 2021.
| Deal-at-a-glance | |
|---|---|
| Acquirer: | Nexxta S.p.A. (Italy) |
| Target: | Mignani Odontotecnica |
| Type of transaction: | Acquisition |
| Closing date: | January 18, 2021 |
| Deal value: | Undisclosed |
| Buy-side advisors: | Aicardi & Partners, Cartwright Pescatore |
Nexxta S.p.A., a leading provider of dental technology solutions, sees the acquisition as an opportunity to strengthen its market position and further integrate advanced technologies into dental practices across Italy.
Strategic rationale
The deal will allow Nexxta S.p.A. to continue expanding its portfolio in the fast-growing European dental sector by adding Mignani Odontotecnica’s expertise in manufacturing high-quality dental prosthetics and restorations. Through this acquisition, Nexxta aims to consolidate its leadership within Italy's dental industry.
Financial context
Nexxta S.p.A., which previously underwent a demerger through spin-off accounting measures as detailed by Aicardi & Partners, seeks to leverage this transaction for further growth. While financial terms were not disclosed, the acquisition is anticipated to bolster Nexxta's financial standing and operational efficiency.
Both parties involved in the deal have expressed optimism regarding future synergies and potential market expansion opportunities. Legal counsel was provided by Aicardi & Partners and Cartwright Pescatore on behalf of Nexxta S.p.A., with additional advisory support from both buy-side firms in navigating regulatory requirements.