Quadrivio purchases 60% of TFM Automotive & Industry

Following Quadrivio's acquisition, existing shareholders will retain the remaining 40% stake in the business. Banca Imi took part in the transaction as financial sporsor to the acquisition.

The GP drew down capital from its Quadrivio Private Equity 3 vehicle, which recently held a €200m interim close and aims to reach its €250m target in H1 2018. The deal is the third acquisition for the vehicle.

Lazard is currently managing the sale process for the private equity house. LBO France, Tages, PM Partners and Green Arrow Capital were shortlisted in October 2017.

Company
Founded in 1969 and headquartered in Padua, TFM produces mechanical parts for several industrial sectors, such as automotive, oil & gas and biking. Continental, Bosch and KSPG are among its clients.

In 2016, the business posted a turnover of €56m, according to a statement, while the local press reports €2.1m in EBITDA and €7.6m in net debt for the business.

Advisers
Equity – Studio Legale Legance Avvocati Associati (legal); Schoenherr Rechtsanwälte (legal); Russo De Rosa Associati (tax); PwC (financial due diligence).
Company – Gitti and Partners (legal); Arkios (corporate finance); Studio Monti (financial due diligence).

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• Topics
• Buyouts
• Industrials
• Southern Europe
• Italy
• Quadrivio