Wise buys Trime

The transaction also includes Trime's subsidiary, Tekno Proget, which specialises in the production of mobile generators and welders.

The GP deployed capital from its Wisequity IV fund, which held a final close in 2016 on its €215m hard-cap and is now 63% deployed. In addition, a debt package was provided to support the deal.

Wise plans to support the company's growth both organically and through new acquisitions. It also plans to pursue international expansion, and grow its product offering with additional and complementary products.

Company
Trime designs and manufactures light towers, including hybrid, solar-powered and LED machines. Its products are used in construction, social events, road works and special projects such as emergency interventions. The company has two production facilities located in Italy, in Cassinetta di Lugagnano and Villanova d'Ardenghi, and primarily sells its products abroad. It generated EBITDA of €7m from revenues of €50m in 2018.

People
Wise – Luigi Vagnozzi (partner); Alessio Riccioni (investment manager).
Trime – Andrea Fontanella (president); Paolo Tacconi (CEO).

Advisers
Equity – Simmons & Simmons (legal); Spada Partners (tax).
Company – Athena Associati (corporate finance); Studio SabelliBenazzo (legal).

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• Buyouts
• Southern Europe
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