Milan, Chicago and New York – ALI Group, a leading global designer, manufacturer, marketer and servicer of a broad line of commercial and institutional foodservice equipment, today announced that it has successfully closed on its previously announced definitive agreement to acquire Scotsman Industries, the largest commercial ice machine company in the world, from an affiliate of Warburg Pincus. Terms of the transaction were not disclosed.
Brookwood Associates acted as financial advisors to the ALI Group. Alston & Bird acted as legal advisors for the ALI Group. Willkie Farr & Gallagher acted as legal advisors to Scotsman Industries.
About ALI Group
The ALI Group, an Italian corporation founded 50 years ago, is headquartered in Milan, Italy. The company, through its subsidiaries, designs, manufactures, markets and services a broad line of commercial and institutional foodservice equipment used by major restaurant and hotel chains, independent restaurants, hospitals, schools, airports, correctional institutions, canteens, etc.
The Ali Group employs over 7,000 people in 24 countries and, in terms of sales, is one of the world’s two largest groups in this industry. It has 48 manufacturing facilities in 14 countries and sales and service subsidiaries in Europe, North America, Russia, Japan, China, the Middle East, Australia and New Zealand.
About Scotsman Industries
With five manufacturing facilities, over 800 employees, 10 major sales offices, 1,000-plus distributors, more than 5,000 service technicians and sales in over 100 countries, Scotsman Industries Inc. is the largest commercial ice machine company in the world.
About Warburg Pincus
Warburg Pincus is a leading global private equity firm with more than $30 billion in assets under management. Its active portfolio of more than 125 companies is highly diversified by stage, sector and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value.
Founded in 1966, Warburg Pincus has raised 13 private equity funds which have invested more than $35 billion in over 650 companies in more than 30 countries. The firm is headquartered in New York with offices in Amsterdam, Beijing, Frankfurt, Hong Kong, London, Luxembourg, Mauritius, Mumbai, San Francisco, Sao Paulo and Shanghai. For more information, please visit www.warburgpincus.com.
Source: Scotsman Industries