Assietta acquires Sarg
Assietta Private Equity has acquired Italy-based food processing machinery manufacturer Sarg alongside Creazione di Valore from its founding shareholders.
The GP invested from Assietta Private Equity IV, a vehicle with a €60m target, alongside the investment vehicle of Paolo Colonna, founder and former CEO of Permira Italy. Sarg generated EBITDA of €3.1m from a turnover of €13m in 2018, according to a statement.
Under its new owners, Sarg will pursue potential acquisitions and target international expansion.
The vendors, Alessandro Villa, Gaspare Lombardo and Raffaele Ferrara, reinvested for a minority stake in the business.
Unicredit reportedly provided a debt package to support the transaction.
Company
Founded in 2001 and headquartered in Bollate, near Milan, Sarg is a food processing machinery manufacturer. The company's products include vibration systems, mechanical sorters and centrifugal sorters.
People
Assietta Private Equity – Marco Cornaglia (CEO); Giuliano Mari (president).
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