BAT Group, global leader, through its two operational divisions BAT and KE, in the design, manufacturing and commercialization of sun protection systems – recently acquired by funds managed by ProA Capital De Inversiones S.G.E.I.C., a leading pan-European private equity firm – is pleased to announce the acquisition of Giulio Barbieri Srl.

The acquisition of Giulio Barbieri represents an important step for the BAT Group, consistent with the strategic direction of ProA Capital’s recent investment, allowing further diversification of its offering with complementary products and expanding its geographical presence. The acquisition will generate significant commercial and R&D synergies for both Giulio Barbieri and the BAT Group.

Giulio Barbieri, the founder, and his son Luca will continue to actively contribute to the management of Giulio Barbieri Srl, reinvesting both human and financial capital to support its future growth trajectory.

Giulio Barbieri Srl and its shareholders, Giulio and Luca Barbieri, were assisted by the Mid Cap Advisory team of EQUITA, exclusive partner of Clairfield in Italy, and by Studio Russo De Rosa Associati regarding the legal, corporate, and tax aspects of the transaction.

The BAT Group was advised by Legance on legal matters related to corporate and M&A aspects. EY acted as the financial advisor to the buyer. EY also supported the BAT Group with financial due diligence, tax due diligence, legal and labor law due diligence. The notarial aspects of the transaction were handled by Milano Notai.

Founded in 1989, Giulio Barbieri Srl is a establishedmanufacturer of aluminium pergolas, carports, gazebos, and professional retractable tunnels, with a strong focus on innovation and an established international reputation in the sector. Giulio Barbieri employs approximately 70 staff members, is headquartered in Poggio Renatico (FE), and exports about 40% of its revenue to over 75 countries.

BAT Group since 1983 is a well-established, ever-evolving industrial reality. Leading in the design and manufacturing of solar protection systems and components, it consists of 9 companies operating essentially in two Strategic Business Units that are identified with BAT brands (for companies that produce and distribute solar protection systems and components) and with the KE brand (for companies that produce the finished product).