Barcelona, 10 October 2024 – Star Connect, an Italian leader in the production and distribution of connectivity solutions and passive components for fibre optic networks, has incorporated Percon to the project, a historic Spanish company specialised in the creation of professional cabling solutions for the Broadcasting and Multimedia sectors. Star Connect, leader italiano nella produzione e distribuzione di soluzioni di connettività e componenti passivi per reti in fibra ottica, ha incorporato Percon nel progetto di crescita, storica realtà spagnola specializzata nella realizzazione di soluzioni di cablaggio professionale per i settori Broadcasting e Multimedia.
The transaction is part of the wider expansion project that Star Connect, led by President Gianni Spadaro and CEO Marco Viarenghi, is implementing in the fibre optic sector and aims to strengthen the group in the Broadcasting sector. German and Domenec Permanyer, reference shareholders of Percon, will continue as partners in the project being involved in the management of the company in order to support its ambitious growth plan shared with Star Connect, of which they have reinvested an stake in the capital as part of the transaction.
Star Connect is a holding company that controls Optoplast, founded in 1988 with headquarters in Turin and production plants in L’Aquila, Capriate (BG) and Mesero (MI). Optoplast has a turnover of approximately 22 million euros, operates mainly in Italy where it sells to OEMs, installers, distributors and system integrators. Star Connect is a portfolio company of the Star IV Private Equity Fund, managed by Star Capital, a private equity investor who acquired the majority in 2023 to support the growth process also through acquisitions.
Percon has more than 40 years of experience in the cabling business, has its headquarters and production plant in Barcelona. The group, established by 3 companies, has a turnover of approximately 10 million.
In this transaction, Star Connect was assisted by Equita Mid Cap Advisory and Clairfield International as financial advisor, in the persons of Filippo Guicciardi and Massimo Banfi. Deloitte performed the due diligence and provided legal and tax assistance in the transaction. GTA Lex also assisted Star Connect with regard to the corporate and legal aspects of the reinvestment of Percon shareholders.
Percon and its shareholders were assisted by the financial advisor ILV SILVER, based in Barcelona, which also provided legal assistance.
