DeA Capital's Tecnomeccanica bolts on Mea
DeA Capital-backed Tecnomeccanica has acquired Italian stamped metal parts manufacturer Mea from the Olsa industrial group.
The transaction was financed with capital deployed by Tecnomeccanica and a debt package provided by Banca Intesa.
Tecnomeccanica expects to reach a turnover of €27m following the acquisition and plans to expand its product offering in the automotive components sector.
DeA acquired a majority stake in aluminium foundry Tecnomeccanica in 2016 from the Agradi family, which retained a minority holding. The GP used its €100m vehicle Idea Efficienza Energetica e Sviluppo Sostenibile to finance the transaction.
Company
Founded in 1982 and based in Moncalieri, near Turin, Mea manufactures bushings, circuits and stamped metal parts for the automotive and electronic industries.
People
Tecnomeccanica – Simone Ferrucci (CEO).
Olsa – Stefano Cassis (CEO).
Advisers
Acquirer – Pavia e Ansaldo (legal); Spada & Partners (tax).
Vendor – Pedersoli Studio Legale (legal).
Debt – Gitti and Partners (legal).
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