Alpha-backed Remazel buys Italian crane specialist Concrane

With this acquisition, the GP plans to consolidate Remazel's market position across Europe and further boost its international expansion.

Alpha acquired a 60% stake in Remazel in August 2014 from Miro Radici Family of Companies, Media Finanziaria di Partecipazione and the company's CEO, Gianfranco Gamba. The vendors retained the remaining 40% holding in the business.

Alpha invested in the company via its sixth fund, which closed on €700m in 2012.

Company
Established in 1946, Trieste-based Concrane designs and manufactures offshore, deck and hose handling cranes, as well as specialist cranes and winches. It generates annual revenues of around €8m.

Advisers
Acquirer – Rödl & Partner (legal); Studio Fogazzi-Simonelli (tax).

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

• Topics
• Portfolio management
• Southern Europe
• Industrials
• Alpha Private Equity
• Italy
• Build-up
• Buy-and-build