EQUITA assisted Tecnoplast

EQUITA K Finance - Mid-market M&A advisory
Tecnoplast 700x1050
Tecnoplast 700x1050

Sviluppo Sostenibile, a private equity fund specialising in investments in Italian SMEs promoting ESG issues, managed by DeA Capital Alternative Funds SGR, has acquired a majority stake in Tecnoplast S.r.l.

This strategic partnership is part of Tecnoplast’s industrial development and growth plan, outlined by Founder and Chairman Enzo Cammillini and defined after the arrival of Managing Director Luca Selvatici. With this further step, Tecnoplast intends to continue its organic development process, which has seen it almost triple its turnover in the last three years, with the aim of also penetrating foreign markets and presenting itself as a consolidation platform in an extremely fragmented market.

Enzo Cammillini, who will retain a significant minority shareholding in addition to his position as Chairman, said: “Thanks to the strong growth recorded by the company, in recent years we have been approached many times by financial partners eager to support us in our growth project. Unlike previous times, I believe that this moment is propitious to further strengthen our presence in the market and I have found in DeA Capital a partner who thinks on the same wavelength as us, sharing first and foremost the ethical principles and sound business management that have always been in Tecnoplast’s DNA. This is why I am very happy and, at the same time, extremely determined to take on the role of Chairman at the helm of this new phase in our company’s history”.

Marco Albanesi (Managing Director) and Andrea Valenti (Investment Director) of Sviluppo Sostenibile commented: “We are delighted to have had the opportunity to invest in Tecnoplast, a leading company in its reference market and able to constantly innovate and renew itself even in a mature sector. We also believe that the new Tecnoplast Lab project, launched this year, can be a further boost to the company’s growth. Enzo Cammillini has shown himself to be a serious and modern entrepreneur in recent years and has created around him a team of top-level managers, led by CEO Luca Selvatici, whom we wanted to involve in the project and who will be fundamental in implementing the strategic plan. We also believe that we can actively contribute to the company’s future development plan thanks to the support of our group, and we are confident that the window and door market will remain resilient, by virtue of a greater awareness of energy efficiency issues”.

Sviluppo Sostenibile was assisted by Ethica Group (M&A and Debt Advisor), OC&C (for business-related aspects), Giliberti Triscornia e Associati (Legal), Grant Thornton (Financial Due Diligence), NCTM (Tax) and ERM (ESG). Cerved Rating Agency provided the ESG rating in line with the Fund’s mission.

Tecnoplast was supported by Equita K Finance, part of Equita group and Italian member of Clairfield International (M&A Advisor), Legance (for the legal part) and KPMG (for the accounting and tax part).

The transaction in a nutshell

2023 09 Tombstone Tecnoplast DeA

This strategic partnership is part of Tecnoplast’s industrial development and growth plan

Client:
Tecnoplast
Date:
September 2023
Mandate:
Tecnoplast sold a majority stake to DeA Capital
Role:
Financial Advisor
Value:
Undisclosed
Typology:
M&A advisory
Advisor:
EQUITA Mid Cap Advisory

The company

Tecnoplast, founded in 2003 by Enzo Cammillini in Pesaro, Italy, is a company active in the production and commercialisation of windows and window frames. Originally focused on PVC windows and doors, over the last few years the company has progressively grown also in the production of aluminium windows and doors, thanks to constant investments aimed at increasing and modernising its production capacity. The company has always distinguished itself over the years for its great drive and innovation, which has led it, in a relatively short period of time, to assume a leading role within its sector.
Today the company has more than 240 employees and operates in a 30,000 square metre plant. Tecnoplast ended 2022 with a turnover of around 70 million Euro.