FSI acquires stake in Lumson

The investment was made via a capital increase and a convertible bond.

The GP deployed capital from its FSI Mid‐Market Growth Equity Fund, which held a third close on €1.25bn in June. The vehicle invests equity tickets of between €50-100m for primarily minority stakes. It has recently deployed capital to buy a 27% stake in Italian fintech business Cedacri and a 41.2% holding in fashion house Missoni.

The company will use the fresh capital to bolster its growth, consolidate its market position and increase its investment in R&D and innovation.

Following the deal, FSI investment director Marco Tugnolo and partner Carlo Bozotti will join Lumsen's board of directors to support CEO Paolo Valsecchi, CFO Giovanni Broggiato and president Matteo Moretti in leading the company in this new phase of expansion.

Company
Established in 1975 and headquartered in Capergnanica, near Cremona, Lumson specialises in packaging for the cosmetics industry. The company has two production sites located in Italy, subsidiaries in France, Germany, Spain and the US, and has recently acquired plastic moulding specialist Leoplast.

Lumson employs 550 staff and expects to reach revenues of €100m in 2018.

People
FSI – Maurizio Tamagnini (CEO).
Lumson – Matteo Moretti (president).

Advisers
Acquirer – Vitale & Co (corporate finance).

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• Topics
• Expansion
• Southern Europe
• Industrials
• FSI
• Italy