Valbart sale brings first exit for 21 Investimenti II

The deal, which is thought to value Valbart at some €150m, represents the first realisation for 21 Investimenti's second fund. The group is currently in the market with its fourth vehicle, which has already raised commitments totalling more than €300m.

21 Investimenti originally acquired a minority stake in the Italian arm of industrial supplier Velan from its Canadian parent company in July 2008 for a reported €35m. The management team, which had previously controlled 50% of the company, increased its stake as part of the buyout deal and the business was re-branded Valbart.

Since then, the company has grown strongly, increasing its annual revenues by 29% and EBITDA by 91%.  Valbart is one of the world's leading designers and manufacturers of engineered ball valves for up- and mid-stream applications in the oil and gas industry.

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• Topics
• Industrials
• Exits
• Southern Europe
• Italy