“Mediterranean Deal of the Year” Award Given to Ambienta for IPC
LONDON, April 26, 2018 – Baird, an employee-owned, international financial services firm, announced today that one of its recent sell-side M&A transactions was honoured as the “Mediterranean Deal of the Year” at the 2018 Private Equity Awards hosted by Real Deals at the Hilton Park Lane in London.
Nominated by European private equity firm and Baird client Ambienta, the winning transaction was the sale of Italian-headquartered, IP Cleaning (IPC), a leading provider of professional cleaning solutions for commercial markets, to Tennant Company, a Minneapolis-based, world leader in designing, manufacturing and marketing professional cleaning solutions. Baird served as the exclusive financial advisor to Ambienta and IPC on this transaction for a total consideration of €330 million.
“Baird is very pleased to have helped Ambienta and IPC with this transaction,” said Julien Darmon, a Managing Director at Baird who worked with Ambienta on this deal. “Our client relationships are very important to us and it is very rewarding to see our clients and this transaction recognised by the private equity community in this way.”
Now in their seventeenth year, the annual Private Equity Awards are among the oldest and most respected accolades awarded to those who work in the private equity industry and those who advise it. To earn this honour, which was open to all private equity deals involving a target company headquartered in the Mediterranean, the judging panel considered the financial return of the transaction, as well as the private equity house’s contribution to the growth of the company and the wider impact of the success story for the asset class and broader economy.
This is the third consecutive year Baird European Investment Banking or a Baird-advised transaction has been recognised at the Private Equity Awards. In 2017, Baird was honoured as “UK Corporate Finance House of the Year” and as “European Corporate Finance House of the Year” in 2016.
For additional information, contact:
Baird Public Relations
NOTES TO EDITORS
Baird is an employee-owned, international wealth management, capital markets, private equity and asset management firm with offices in the United States, Europe and Asia. Established in 1919, Baird has approximately 3,500 associates serving the needs of individual, corporate, institutional and municipal clients. Baird has more than $200 billion in client assets as of Dec. 31, 2017. Committed to being a great place to work, Baird ranked No. 12 on FORTUNE’s 100 Best Companies to Work For in 2018 – its 15th consecutive year on the list. Baird is the marketing name of Baird Financial Group. Baird’s principal operating subsidiaries are Robert W. Baird & Co. Incorporated in the United States and Robert W. Baird Group Ltd. in Europe. Baird also has an operating subsidiary in Asia supporting Baird’s investment banking and private equity operations. Robert W. Baird Limited and Baird Capital Partners Europe Limited are authorised and regulated by the Financial Conduct Authority. For more information, please visit Baird’s Web site at www.rwbaird.com.