Amundi buys minority stake in RCF Group

The transaction saw the French GP acquire its minority stake with co-investment from Italian financial investor Palladio Holding. The investors acquired a combined 30% stake in the business.

According to local press reports, Palladio injected €60m of equity into the newco that acquired the minority holding. Furthermore, the company aims to use the capital injection to strengthen its presence internationally. The sponsors are considering an IPO as a potential exit at completion of the investment period.

RCF was listed on the Milan stock exchange between July 2007 and April 2013.

Company
Founded in 1975 and based in Bologna, RCF designs, produces and distributes audio amplification systems focusing on private and public sound installations, including airports, railway stations, shopping centres and conference halls. The company has a presence in Reggio Emilia, Ascoli Piceno and Bologna, and operates via two brands, RCF and dB Technologies. The company has 350 employees.

According to a statement, the business posted a €118m turnover and €22m in EBITDA in 2016. Furthermore, the business generated 80% of its sales outside of Italy and distributes across 120 countries.

People
Amundi Private Equity Funds – Vinarom Vilaihongs (partner).
Palladio Holding – Giorgio Drago (CEO).
RCF Group – Arturo Vicari (CEO).

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• Topics
• Expansion
• Industrials
• Southern Europe
• Italy
• Amundi Private Equity