Afinum's Lomb Art bolts on Archimede

Following the transaction, Lomb Art will boost its presence across the Italian market as well as take control of the company's production sites, which currently span 7,000 square meters, according to the company's figures.

Previous funding
In October 2015, Munich-based private equity house Afinum Management acquired a majority stake in Lomb Art. According to unquote" data, Zürcher Kantonalbank provided debt package to support the MBO.

Company
Esthablished in 1988 and headquartered in Veggiano, Archimede manufactures exhibition and advertising products for the retail sector, including counter and window displays, banners and plaques.

The company posted €11.2m in revenues and €1.1m EBITDA in 2014, according to press reports.

People
Afinum Management – Jochen Klemmer (senior partner).
Archimede – Daniel Bortolamei (founder).
Lomb Art – Stefan Duerr (CEO).

Advisers
Company – GCA Altium (corporate finance); Pirola Pennuto Zei & Associati (legal, tax).

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• Topics
• Industrials
• Southern Europe
• Expansion
• Italy
• Acquisition finance