Consilium buys heavy machinery producer Faccin

According to a statement, members of the Faccin family will retain their role on the company's board, alongside Consilium representatives.

According to the GP, Faccin operates in a highly fragmented sector in which the main operators are based in Italy, Turkey, Switzerland and the Asia Pacific region. The company intends to use the capital injection to expand internationally through strategic acquisitions.

Italian lenders Banca Popolare di Milano and Cassa di Risparmio di Parma e Piacenza provided credit facilities to support the transaction.

Company
Established in the 1960s and headquartered in Visano, close to Brescia, Faccin manufactures heavy bending machinery, focusing on the production of plate rolls, angle rolls and dished-head machines.

In 2015, the company posted a turnover of €45m and employed 98 people. Faccin claims to generate 90% of its revenues from outside Italy.

People
Consilium – Stefano Iamoni (chair, CEO).
Faccin – Walter Faccin (founder, chair); Barbara Faccin (CEO).

Advisers
Equity – Studio Chiomenti (legal); Essentia (debt advisory); KPMG (commercial due diligence); Studio Russo De Rosa e Associati (legal, tax); Goetzpartners (financial due diligence).
Vendor – Banca Esperia (M&A); Studio Giovannelli e Associati (legal); Studio Menni e Associati (tax).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• Industrials
• Southern Europe
• Italy
• Consilium