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QuattroR completes Fagioli investment

December 5 - QuattroR, the private equity fund that invests in mid-sized and large Italian companies, has completed its initial investment in Fagioli.

The initial offer to acquire a 49 percent stake was originally announced in July as HLPFI reported here.

QuattroR says that the transaction is in line with its mission to invest in the relaunch of Italian corporations undergoing a period of temporary financial distress but possessing solid fundamentals. 

It says in the case of Fagioli, the parent company that controlled 100 percent of Fagioli SpA had financial constraints imposed by a restructuring agreement of its debtor position under article 67 of the Italian insolvency law, which was limiting its development opportunities.

The investment of QuattroR will allow Fagioli SpA to have new financial resources to develop an important growth plan, both organically, through investments in new special equipment, and external lines, with the launch of a research and evaluation project aimed at identifying acquisition targets. 

Fabio Belli, who has been leading the company for the last five years, has been confirmed as chief executive officer.

The Fagioli Group, with over 500 employees and direct presence in over 14 countries around the world, is a leading global specialist in the design and implementation of haulage and lifting projects with advanced engineering content, as well as in the forwarding of large items of equipment with a high degree of logistical and technical complexity. 

Chairman Alessandro Fagioli said: "Our business has a high technological content, and over the last several years relied on an engineering know-how with few rivals in the world in the field of heavy transportation and haulage. Thanks to QuattroR's support, we will be able to capture additional growth opportunities and keep the shareholders base in Italy."

In its official announcement, QuattroR said the initial stake is set to grow to around 60 percent.

 


www.fagioli.it

www.quattror.com

 

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