
Ambienta backs machinery manufacturer Amutec
Ambienta has acquired a majority stake in Italian industrial machinery manufacturer Amutec.
The GP deployed capital from its Ambienta third fund, which held a final close in May 2018, surpassing its €500m target and hitting its €635m hard-cap.
Unquote understands that a debt package was provided by Intesa Sanpaolo, BNL and Crédit Agricole to support the transaction.
Following the deal, Paolo de Angelis was appointed as CEO of Amutec.
Ambienta intends to support the company in expanding its product offering and further strengthening its position by pursuing a buy-and-build strategy across the sector.
Company
Founded in 1996 and based in Greve in Chianti, near Florence, Amutec specialises in manufacturing machinery for the production of plastic, biodegradable and recycled bags.
The company claims that its machines promote better waste management through the production of recycled plastic and the introduction of more sustainable bio-based polymers. Amutec generates revenues of around €20m.
People
Ambienta – Francesco Lodrini (partner).
Amutec – Luciano Conti (founder); Paolo de Angelis (CEO).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Czech Republic-headquartered family office is targeting DACH and CEE region deals
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds