Alto Partners in industrial manufacturer exit
Alto Partners has sold engineering firm Metalcastello to Mahindra & Mahindra and ICICI Venture Funds Management in a trade sale estimated at more than EUR100m in enterprise value.
The Bologna-based company was founded in 1952 and manufactures specialised steel gear components. The client portfolio includes most of the global OEMs in the tractor, off-highway & construction equipment space. In 2007 it reported a turnover of EUR60m.
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