QuattroR, Italmobilare to buy Ferrarini

The Ferrarini family currently fully owns the business. According to press reports, the acquisition will be conducted via the purchase of shares bought from the founders' holding Elle Effe and through an additional capital increase, for a total investment of €100m, equally deployed by the two potential buyers.

Press reports also added that Ferrarini has approximately €112m in bank debt from Unicredit, Sga, Banco BPM, Intesa Sanpaolo, Carisbo, Crédit Agricole Cariparma and Banca del Mezzogiorno.

Ferrarini was founded in 1975 and is based in Reggio Emilia. The company employs 670 people and generated EBITDA of €29m from revenues of €330m in 2017.

To finance the acquisition, Italian GP QuattroR will use its €711m fund, which held a first close in July 2017. The vehicle's LP base includes Cassa depositi e prestiti (which committed around €300m), insurance fund Inail, and pension funds Inarcassa and Cassa Forense. The GP targets companies with revenues in excess of €100m and invests equity tickets between €20-100m.

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• Topics
• Buyouts
• Southern Europe
• Consumer
• Italy
• Mid-market buyout