Callista Private Equity carves out Alupress Berlin

Harriet Matthews
07 July 2020

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Callista Private Equity has acquired Alupress Berlin from its Italy-based parent company Alupress and plans to rebrand the mechanical metal processing company as Berlin Millhouse.

The GP plans to support the business in acquiring new companies and will expand its service portfolio to the machining of other materials beyond aluminium. Callista will initially focus on improving the company's internal processes and sales, according to a statement.

Berlin Millhouse will also cooperate with companies in Callista's portfolio, according to the same statement.

Special situations investor Callista focuses on corporate subsidiaries with negative EBIT margins of -20-0% and revenues of €10-200m.

Callista has made four acquisitions in 2020. The firm acquired two subsidiaries of Switzerland-headquartered automated machinery and cutting tools producer Mikron in July. The firm also carved out automotive manufacturer Engineering Technlogie Marketing in April and steel ring and tyre producer ArcelorMittal Ringmill in May.

Company
Berlin Millhouse processes aluminium die cast and forged parts for the automotive industry. The components are used in both combustion engines and electric vehicles, particularly in steering and powertrain systems. Founded in 1977, the company employs 148 staff and reported 2019 revenues of €33m.

People
Callista Private Equity – Marc Zube (CEO).