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Smart Capital Completes Sale of ALA Shares to H.I.G. Capital

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The latest update is out from Smart Capital S.P.A. ( (IT:SMCAP) ).

Smart Capital S.p.A. has completed the sale of all ALA shares to Wing BidCo S.p.A., affiliated with H.I.G. Capital, for a total of Euro 14.8 million. This transaction marks the end of a growth journey for ALA since its listing on Euronext Growth Milan in 2021 and is expected to further accelerate its international development under H.I.G. Capital’s ownership.

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 company specializing in private investments in public equity and private equity operations. It focuses on small and medium-sized Italian enterprises, whether listed, unlisted, or in pre-IPO phase, operating both in Italy and abroad. The company seeks investment opportunities in market-leading companies with proven management capabilities and value creation plans in line with ESG best practices.

Average Trading Volume: 164,526

Technical Sentiment Signal: Hold

For a thorough assessment of SMCAP stock, go to TipRanks’ Stock Analysis page.

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