Finint & Partners invests in Spraytech

The deal is the ninth investment for NEIP III, the investment vehicle managed by Finint. The fund is currently 90% deployed and has eight companies in its portfolio.

Finint has acquired 70% of the company, with the founding partners retaining a minority stake. Finint is expecting to launch its new vehicle in 2018 with the same investment strategy as its predecessor, according to a statement.

Company
Based in Lonigo, Vicenza (Italy), Spraytech designs and builds accessories and equipment for industrial painting and textile dying. Annual revenues are in the region of €10m.

People 
Finint & Partners – Nicola Bordignon (partner).
Spraytech – Mauro Golin (founding partner).

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• Topics
• Buyouts
• Southern Europe
• Industrials
• Italy