Idea Capital invests in Tecnomeccanica MBI

The GP invested from its Idea Efficienza Energetica e Sviluppo Sostenibile fund, which recently divested Italian pharmaceutical company Italchimici to listed corporate Recordati in a €130m deal.

As part of the deal, former managing director of automotive components producer Titan Italia, Simone Ferrucci, will take the helm at Tecnomeccanica. Ferrucci also invested for a minority stake in the business.

The Agradi family, who have managed Tecnomeccanica for 30 years, will also retain a stake in the business.

Intesa Sanpaolo and Banca IMI provided a debt package to support the transaction.

Company
Headquartered in Novara and founded in 1945, Tecnomeccanica produces aluminium die cast components for the lighting and automotive sectors. The business generated a turnover of €20m in 2015.

People
Idea Capital Funds – Sergio Buonanno (managing director).

Advisers
Equity – Long Term Partners (corporate finance); Studio Pavia e Ansaldo (legal); Studio Spada & Partners (tax).
Vendor – Global M&A (corporate finance); Eversheds (legal).
Debt – Gitti Raynaud & Partners (legal). 

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• Topics
• Buyouts
• Southern Europe
• Consumer
• Idea Capital Funds
• Italy