Wise joins forces with Muzinich to buy Primat

According to the Italian press, the deal sees Arner Private Equity exit the business.

A €15m bond has been issued to support the deal, underwritten by Muzinich Italian Private Debt Fund, which held a first close on €156m in April. The Primat transaction is the first completed by the vehicle since its launch.

Wise drew down capital from Wisequity III, which holds €180m and is now more than 65% invested.

The company's growth plans include acquisitive and organic expansion.

Company
Founded in 1972 and based in Olginate, Primat produces protective treatments for mechanical parts including screws, bolts and fasteners. The business's anti-corrosive zinc treatments coat mechanical small part components for the automotive sector.

Primat's turnover exceeds €20m.

People
Fabrizio Medea is partner at Wise and worked on the deal alongside Luigi Vagnozzi. Valeria Lattuada is head of Muzinich Italian Debt Fund.

Advisers
Equity – Simmons & Simmons, Andrea Accornero, Claudia Scialdone, Davide d'Affronto, Alessandro Elisio (Legal); Studio Spadacini, Luca Guarna, Luca Cassiani (Tax); Studio Sebastiani, Alessando Sebastiani (Corporate finance).
Debt – Chiomenti, Giorgio Cappelli, Gregorio Consoli, Andrea Martina,
Andrea Didio e Andrea Martino (Legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Southern Europe
• Industrials
• Italy