Bravo Invest sells Eurochiller to trade

Eurochiller will become part of the oil-free air division within Atlas Copco's compressor technique business area. With this acquisition, the group expects to complement and expand its existing product portfolio and further increase its productivity and customer base.

Bravo Invest acquired an 85% stake in Eurochiller in February 2016, while the company's founders, Giovanni Orio, Ugo Varisco and Cesare Barbè, retained the remainder.

The GP bought the company via its €100m Bravo Capital Partners Fund, a Luxembourg-based fund that closed in August 2017 on €100m and has so far invested more than 50% of its capital.

The fund acquires majority and controlling minority stakes in Italy-based companies generating revenues of between €20-150m.

Company
Established in 1990 and based in Mortara, near Pavia, Eurochiller is a producer and distributor of industrial chillers, temperature unit control systems and air dehumidifiers. The company employs 90 staff and generated revenues of €26m in 2018.

People
Bravo Invest – Fabio Galli (managing partner).
Atlas Copco – Vagner Rego (compressor technique business area president).
Eurochiller – Giovanni Orio (president).

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• Topics
• Exits
• Southern Europe
• Industrials
• Italy
• Trade sale