HIG Capital buys Metalprint

The vendors are the company's founding families, Strazzari and Cerutti, who reinvested in the business alongside the GP.

HIG intends to consolidate Metalprint's market position in Italy, bolster its growth and further boost its international expansion.

The GP deployed capital from its fund HIG European Capital Partners II, which held a final close on €825m in 2013 after just three months on the road, exceeding its target of around €760m.

Company
Founded in 1974 and based in Calcinato, near Brescia, Metalprint is a manufacturer of brass and aluminium components, such as bodies for pumps, manifolds, covers, plugs, fittings and valves for a variety of sectors, including the automotive, engineering and nuclear industries. The company operates two plants located in Italy and in Canada, and generates EBITDA of approximately €7m from revenues of around €70m, of which 85% comes from outside of Italy.

People
HIG Capital – Raffaele Legnani (managing director in Italy).

Advisers
Company – UBI Banca (corporate finance).

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