EQUITA assisted Fonderia Boccacci

EQUITA K Finance - Mid-market M&A advisory
Fonderia Boccacci
Fonderia Boccacci

Consilium, through Consilium Private Equity Fund IV, acquired a majority stake in Fonderia Boccacci S.p.A. from the Boccacci family, which will retain a significant minority shareholding and will continue to collaborate operationally, together with key members of top management (including the current CEO), with the aim of continuing the company’s ambitious growth path.

Consilium believes that Fonderia Boccacci can further strengthen its leadership position in its reference markets and grow by further expanding its customer base, by leveraging the excellence of its technical know-how, the high level of automation of its production footprint consolidated also by recent major investments, the ample production capacity available, the management’s decades of experience and a reputation unparalleled in Europe in terms of technological innovation.

Fabio Boccacci, President of Fonderia Boccacci, said: “Fonderia Boccacci has completed an important phase of development and consolidation in recent years, which has enabled it to become one of the main European players in the sector in terms of know-how, reputation and technological advancement. Consilium represents for the family and for the company the ideal partner in the path of further growth and progressive internationalisation”.

“Consilium’s entry into Fonderia Boccacci’s capital represents an important catalyst for a further phase of the company’s growth,” said Angelo Lazzari, CEO of Fonderia Boccacci, “with the aim of consolidating the company’s international presence and strengthening its ability to innovate and compete in various outlet sectors. This path will also offer opportunities to increase employment’.

The investment in Fonderia Boccacci is the second operation carried out by Consilium Private Equity Fund IV, which closed its fundraising in June 2022, reaching its €110 million fundraising target, focusing on Italian SMEs with high development potential, a position of excellence in their sector, and a strong export orientation.

Advisors:
Consilium was assisted by Gattai, Minoli, Partners for the contractual and legal aspects of the transaction. EY handled accounting due diligence, Kearney the business due diligence, Fieldfisher the tax due diligence, 4ward Consulting the operations due diligence, Greenwich the environmental due diligence and Deloitte the ESG due diligence.

The Boccacci family was advised by Equita K Finance (Clairfield Italy), part of Equita Group, as financial advisor of the transaction, while the legal, tax and contractual aspects were handled by Russo De Rosa Associati.

The transaction was financed by Crédit Agricole and Banco BPM, assisted by the law firm Simmons & Simmons. Consilium was assisted by EY for the debt advisory activity.

The transaction in a nutshell

2023 04 Tombstone Fonderia Boccacci Consilium

Consilium’s entry into Fonderia Boccacci’s capital represents an important catalyst for a further phase of the company’s growth

Client:
Fonderia Boccacci S.p.A.
Date:
April 2023
Mandate:
Consilium acquired a majority stake in Fonderia Boccacci S.p.A.
Role:
Financial Advisor
Value:
Undisclosed
Typology:
M&A advisory
Advisor:
EQUITA Mid Cap Advisory

The company

Founded in 1969 and headquartered in Piana Battolla (La Spezia, Italy), Fonderia Boccacci is a European leader in the design and production of grey and spheroidal cast iron castings of medium and large size for various industrial sectors. The company boasts a highly loyal customer portfolio of primary international standing in the energy, wind, machine tool, naval and transport industries.