Eight Advisory carried out the financial and tax due diligence for ITELYUM in the context of its acquisition of SAFECHEM
Eight Advisory advised Itelyum, an Italian based leader for the circular economy through the management and recycling of industrial waste, backed by Stirling Square Capital and DBAG, on the acquisition of SAFECHEM Europe GmbH, a German service Company responsible for the sustainable and innovative use of chemicals, with financial and tax due diligence services.
SAFECHEM Europe GmbH is a European leader in safe and sustainable solvent solutions and high-value-added services for surface cleaning applications. The asset-light, service-based business model of SAFECHEM, serving more than 5,000 customers around the world (including China, UK, USA and Mexico), complements well the capabilities of Itelyum’s Purification Business Unit.
Itelyum Group has a leading position in Italy in waste oil regeneration, solvent purification, and industrial waste management and recycling via successful implementation of a “one-stop-shop” strategy underpinned by the circular economy. As part of their organization, SAFECHEM can gain access to an expanded industry network and know-how of a highly committed partner thus creating strong synergies between the skills of local management teams and Itelyum’s know-how, in the name of innovation and sustainability.
Within the ITELYUM Group, SAFECHEM will maintain autonomy in daily business operations, thus preserving customer-centric focus while benefitting from Itelyum’s resources and capabilities.
Our experts provided financial and tax due diligence services:
- Financial due diligence: Michael Wahl, Partner – Baris Aldemir, Senior Manager – Filip Sramko, Senior
- Tax due diligence: Matthias Hogh, Partner – Frank Wallbott, Director – Karoline Mielnik, Senior