IGI's Fimo bolts on DCE

DCE is the second add-on inked by the company in the last year; Fimo's subsidiary Kitting Telecom acquired Polyform, a French specialist in antenna camouflage for the mobile industry, in December 2017.

IGI acquired a 50.5% stake in Fimo (known at the time as Fimotec) in July 2014. Fimo is an Italian manufacturer of coaxial cables and components for the telecommunications industry. Subsequently, the GP bought an additional 49% stake in the company in April 2015. Capital for the transaction was drawn from IGI Investimenti Cinque and co-investment fund IGI Investimenti Cinque Parallel. GE Capital, Banco Popolare and Banca Popolare dell'Emilia Romagna provided a €15m financing package to support the deal.

Company
Headquartered in Pomezia, near Rome, DCE specialises in manufacturing coaxial cables, cross connection systems, electric panels, optical fibre and wiring for the telecommunications industry.

People
IGI Private Equity – Matteo Cirla (partner, CEO).
Fimo Group – Luca Tamberi (CEO); Matteo Cirla (president).

Advisers
Acquirer – NCTM Studio Legale (legal, tax); K Finance (corporate finance).
Vendor – CMP Law (legal); Siniscalco & Partners (corporate finance).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Portfolio management
• Southern Europe
• Industrials
• IGI SGR
• Italy
• Buy-and-build
• Build-up