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Fagioli to get equity boost

July 24 - QuattroR, a management company specialising in corporate restructuring, is in advanced talks to acquire an initial 49 percent of Italy's Fagioli group.

According to an official statement, QuattroR has made a binding offer, which if accepted, would give Fagioli new financial resources to develop an important growth plan, both organically through investments in new specialist handling equipment, as well as acquisitions.

The statement says that company president, Alessandro Fagioli, will maintain a stake in Fagioli and managing director, Fabio Belli, remains in place.

The signing of the contracts is scheduled for August.

The Fagioli Group has more than 500 employees in 14 companies operating on all continents and is one of the leading providers of heavy lift and specialised transport engineering and installation services.

Alessandro Fagioli says: "Our business has a high technological content and has focused in recent years on engineering know-how. Thanks to the contribution of QuattroR we will be able to grasp important growth opportunities, while retaining Italian ownership."

For QuattroR this investment opportunity is in line with its mission to add value to companies that have been under financial pressure, providing them with the necessary resources to achieve growth opportunities.

QuattroR has assets under management in excess of EUR700 million (USD816 million) and invests in Italian businesses, which have solid fundamentals that have been undergoing a period of temporary financial distress. The underwriters of QuattroR Fund are prominent Italian institutional investors, including Cassa Depositi e Prestiti, Inail, Inarcassa and Cassa Forense.

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