Imi Fondi Chiusi purchases 83% stake in Trasporti Romagna

As part of the deal, Imi purchased a majority stake through its 2009-vintage Atlante Private Equity vehicle, while the company's CEO Simone Romagna, third-generation heir of the founding Romagna family, will retain a minority stake and continue to lead the business.

According to local press reports, the Italian GP acquired a 50.85% stake in the business and Unigrains took a 16.95% stake, while CEO Romagna will retain a 32.3% stake. The GPs aim to help the business expand geographically across Italy through strategic acquisitions as well as organic growth.

Italian lenders Banca Imi and Cariparma provided a debt package to support the transaction.

Company
Founded in 1925, Trasporti Romagna provides transport and logistics management services and specialises in the food market. The company is headquartered in Vicenza and currently manages a fleet of 410 lorries, mainly across northern and central Italy.

According to a statement, the business has seen a 20% yearly growth in revenues since 2011 and most recently posted a turnover of €110m in 2015.

People
Trasporti Romagna – Simone Romagna (CEO).

Advisers
Equity – Gitti & Partners (legal); Studio Riccardi Salomon Tedeschi (financial due diligence); EY (commercial due diligence); Pirola Pennuto Zei (tax).
Management – Grant Thornton (financial due diligence); Studio Bosco Montemezzo (tax); HNF Avvocati (legal); Studio legale Pasquino & Associati (legal).
Debt – Simmons & Simmons (legal).

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• Topics
• Buyouts
• Industrials
• Southern Europe
• Italy