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Smart Capital S.P.A. ( (IT:SMCAP) ) has provided an update.
Smart Capital S.p.A., along with Clessidra, SIP, and Brixia Finanziaria, has completed its exit from MGM S.p.A., a leading European producer of technical and sports footwear for outdoor activities. This divestment marks the end of a strategic investment initiated in November 2022, which saw the integration of MGM and Rekord Group, positioning the combined entity as the main European hub for technical outdoor footwear. The divestment generated a total value of 1.8 million euros for Smart Capital, with an IRR of 21%, and reflects the company’s successful support in establishing MGM as a European leader in its sector.
The most recent analyst rating on (IT:SMCAP) stock is a Buy with a EUR2.00 price target. To see the full list of analyst forecasts on Smart Capital S.P.A. stock, see the IT:SMCAP Stock Forecast page.
More about Smart Capital S.P.A.
Smart Capital S.p.A. is a permanent capital industrial holding specializing in private investments in public equity and private equity operations. The company focuses on small and medium-sized Italian enterprises, whether listed, unlisted, or in the pre-IPO phase, operating both domestically and internationally. Smart Capital is known for its entrepreneurial and long-term investment approach, seeking opportunities in companies that lead in niche markets with strong management and value creation plans aligned with ESG best practices.
Average Trading Volume: 80,004
Technical Sentiment Signal: Buy
See more insights into SMCAP stock on TipRanks’ Stock Analysis page.