EQUITA assisted E. P. Elevatori Premontati

EQUITA K Finance - Mid-market M&A advisory
E. P. Elevatori Premontati
E. P. Elevatori Premontati

Riello Investimenti Partners SGR finalised the closing of the acquisition of 75% of E. P. Elevatori Premontati, a leading Italian company in the design, production and sale of elevator platforms.

The transaction represents the sixth acquisition of the Italian Strategy Private Equity fund, the third private equity fund managed by the SGR, which closed its fundraising period last May and counts among its subscribers leading institutional investors, family offices and industrial groups.

Flavio Coronelli (shareholder and CEO of the company E. P. Elevatori Premontati), and the other historical shareholders, will continue to manage the company, committing to support the ambitious growth plan shared with the Fund.

Andrea Tomaschù, Partner and Managing Director of Riello Investimenti Partners SGR, who oversaw the deal with Investment Manager Michele Bonomi, commented: “In E.P. we have identified a company that is a market leader and has great potential for growth; it manufactures products with advanced levels of technology that address solutions that are also useful for overcoming architectural barriers. The company’s outlet markets already include foreign countries attracted by both the design and technical quality of Made in Italy; by working with the current management, and where necessary strengthening it, we truly believe we can significantly increase our presence on world markets.”

Flavio Coronelli, Managing Director of E.P. Elevatori Premontati, says: “We are very pleased to have attracted the attention of Riello Investimenti Partners Sgr and we warmly welcome this operation. After years of tumultuous internal growth, we think the time has come to grow also through acquisitions, particularly abroad.”

Riello Investimenti Partners SGR was assisted by Finerre for the financial part, by Alpeggiani Studio Legale Associato for the legal part, by CDS Associati for the tax part, and by New Deal Advisors for the accounting due diligence. The transaction was financed by MPS Capital Services.

The shareholders of E. P. Elevatori Premontati were assisted by the financial advisor Equita K Finance, partner of Clairfield International and part of Equita Group. ADVANT Nctm law firm handled the legal aspects and all the contractual aspects.

The transaction in a nutshell

2023 01 Tombstone EP Riello

The transaction represents the sixth acquisition of the Italian Strategy Private Equity fund, the third private equity fund managed by the SGR

Client:
E. P. Elevatori Premontati
Date:
January 2023
Mandate:
Acquisition of E. P. Elevatori Premontati by Riello Investimenti Partners SGR
Role:
Financial Advisor
Value:
Undisclosed
Typology:
M&A advisory
Advisor:
EQUITA Mid Cap Advisory

The company

E. P. Elevatori Premontati S.r.l., with a turnover of around 35 million euro and a gross operating margin (EBITDA) of over 10%, is a company specialising in the design and production of lifting platforms, lifts, stairlifts and goods lifts that are highly customisable and capable of solving the various needs of residential areas. Its products are mainly used in condominiums, flats and buildings in general. The distinctive feature of the products offered by the company is in particular the customisation of the safety system, load capacity, dimensions and materials, depending on the intended use. The company sees Italy as its reference market, but already exports over 50% of its turnover to foreign countries, both in Europe and outside of Europe.