Assietta acquires Sarg

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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