Alto Partners buys OFI
Italian GP Alto Partners has acquired an 80% stake in Italy-based Officina Farmaceutica Italiana (OFI), a family-owned contract manufacturer of dermo-cosmetic and nutritional products, and medical devices.
The GP acquired the stake in the business via its Alto Capital IV fund, which closed on €210m in April this year. The vehicle targets companies generating revenues in the €20-80m bracket.
The partnership will have the objective of fostering product development and help the company expand via acquisitions of smaller companies in the sector. Alberto Donati, the son of OFI's founder, will remain the chairman of the company.
Company
Founded by Attilio Donati in 1946, OFI produces dermo-cosmetic and dietary products, and medical devices, on behalf of third parties and for its own brands.
Based in Bergamo, OFI generates a €18m turnover. According to the Italian online newschannel Be Beez, the group has an EBITDA margin of 16%.
People
Officina Farmaceutica Italiana – Alberto Donati (chairman).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater