Stirling Square backs Isoclima MBO

The deal saw company founder Alberto Bertolini acquire a stake in the business alongside high-net-worth individual Bill O'Gara. Following the deal, the latter will become CEO, while Bertolini will continue to head the business as executive director.

Senior managers Chip Lennon, Steve Ratterman and Mirko Prato will also join the management board. The GP aims to support the company's expansion internationally through strategic acquisitions.

Pemberton Asset management provided an undisclosed credit facility to support the acquisition, according to a source close to the situation.

The transaction is the seventh acquisition for the GP's third vehicle, which reached a final close on its €600m hard-cap in January 2016 and is now nearly 70% deployed, unquote" understands.

Comapny
Established in 1977, Isoclima manufactures transparent armour and high-performances glass products focusing mainly on racing cars, and civilian and military vehicles, as well as the aerospace, rail and marine sectors.

Headquartered in Este, the company employs 700 people and also has a presence in Croatia and Mexico.

People
Stirling Square Capital Partners – Gregorio Napoleone (co-founding partner).

Advisers
Equity – Canaccord (M&A); Fineurop Soditic (debt); Roland Berger (commercial due diligence); Pavia e Ansaldo (legal); KPMG (financial due diligence, tax).
Debt – Gattai Minoli Agostinelli & Partners (legal).

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