Carlyle exits Italian electric motors maker Marelli Motori

The transaction includes Langley's full repayment of Marelli Motori's bank debt of €55m.

Langley is an engineering company that comprises five divisions based in Germany, France and the UK, with a presence in the US and more than 80 subsidiaries worldwide. The group employs 4,300 people, and generated revenues of €848m and profit before tax of €103m in 2018.

Carlyle acquired a large majority in Marelli Motori from Melrose Industries for €212m in June 2013. The transaction was completed through the holding company Marelli Overseas.

The GP invested through its Carlyle Europe Partners III, which closed on €5.3bn in 2007. Unicredit and Societe Generale provided debt financing to support the transaction.

Company
Founded in 1981 and based in Arzignano, near Vicenza, Marelli Motori manufactures industrial generators and electric motors for the power generation, marine, oil & gas and industrial manufacturing sectors.

The company employs 900 staff and sells its products in 120 countries worldwide. It has production facilities in Italy and Malaysia, and sales, service and distribution subsidiaries in Germany, the UK, the US and South Africa. Marelli Motori generates revenues of around €150m.

People
Marelli Motori – Luca Parolari (CEO).
Langley Holdings – Tony Langley (CEO).

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• Topics
• Exits
• Southern Europe
• Consumer
• Carlyle Group
• Italy
• Trade sale