
Alpha acquires majority stake in Mios Elettronica
Buyout house Alpha Private Equity has acquired a majority stake in Italian electronic devices and software manufacturer Mios Elettronica.
According to a source close to the company, the GP acquired its majority stake from the founders. As part of the deal, the company's CEO Andrea Rosa, alongside several existing shareholders, will retain a minority stake in the newco.
The management team intends to use the capital injection to expand the business across Europe and North America. According to press reports, the GP will also boost the company's expansion through strategic acquisitions.
Company
Founded in 2011, Mios designs and produces electronic devices and software mainly for the rail industry. The company is based in Verona and has a presence in the US and Canada.
The business employs a staff of 35 and generated €3.5m of revenue in 2015. Previously, the business marked a turnover increase from €1m in 2012 up to €2m in 2014 and expects to generate €6m in revenues in 2017.
People
Alpha Private Equity – Edoardo Lanzavecchia (managing partner); Valentina Pippolo (partner).
Mios Elettronica – Andrea Rosa (CEO).
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