ASO H&P Group, world leader in chrome plated bars in the hydraulic and pneumatic sectors, has successfully signed an agreement with a pool of banks with BNL BNP Paribas as agent bank, UniCredit, Banco BPM and Banca Ifis for a Euro 23 million loan to support a greenfield investment in India aimed at strengthening the Group’s international presence.

The loan is destined for the development of a multi-year investment plan for the construction of a new production plant in India that will allow the Group to directly serve the local Indian and Asian markets in strong growth and to mitigate the economic cycles of the European market.

ASO H&P Group was assisted by Equita K Finance (Clairfield International), part of Equita Group, as financial advisor, by the law firm Mendolia & Partners, which handled the legal aspects of the transaction, and by Pirola Pennuto Zei & Associati, which handled the tax aspects. Benedetti&Co. were appointed as consultants to assist ASO H&P Group in all the set-up phases of the project in India as well as in the preparation of the Business Plan. The pool of banks was advised by the law firm K&L Gates.

ASO H&P Group is an ELITE company, the ecosystem launched by Borsa Italiana in 2012 and now part of the Euronext Group that helps small and medium-sized enterprises to grow and access private and public capital markets. It has headquarters in Verona and production sites in Italy and Romania with an installed production capacity of 90,000 tonnes and is a world leader in the production of chrome plated bars and tubes, linear rods and bored tubes, mainly used in the construction of hydraulic and pneumatic cylinders in various sectors of use, and in 2022 achieved a turnover in excess of Euro 160 million with an Ebitda margin of approximately 12%.