At a glance
- Family Office Hub reported the agreement.
- IMI named B.group as a selling shareholder; BeBeez identified the office as the Seragnoli family's.
- iSMA Controlli is expected to generate revenue of around €40 million and operating profit of about €4.5 million, putting the €63 million enterprise value a little over 1.5 times sales.
IMI plc has agreed to acquire iSMA Controlli at an enterprise value of €63 million in cash, buying out B.group, the Bologna family office of the Seragnoli family, alongside management. Family Office Hub reported the agreement. IMI named B.group as a selling shareholder; BeBeez identified the office as the Seragnoli family's.
iSMA Controlli is expected to generate revenue of around €40 million and operating profit of about €4.5 million, putting the €63 million enterprise value a little over 1.5 times sales. It makes building automation systems, including controls that regulate heating, ventilation and air conditioning in commercial buildings.
B.group backed the business through a management buyout of Controlli in 2011 and reorganized it into iSMA Controlli in 2021.
Reported by the Direct & Co-Investments desk from Family Office Hub and BeBeez (cited within Family Office Hub coverage). Published . Corrections