Palladio acquires tanks manufacturer Santi

In addition to the equity deployed by Palladio, a debt package was provided by Intesa Sanpaolo to finance the acquisition.

Palladio intends to support Santi's organic growth and bolster its expansion into new geographies and adjacent market segments via additional acquisitions, as well as broaden the company's product portfolio.

This is the third investment made by Palladio through its balance sheet, after the acquisition of a minority stake in RCF Group, an audio amplification business, bought alongside Amundi Private Equity in 2017, and the purchase of a 75% stake in Uni Gasket, an Italian manufacturer of rubber and silicone components. The firm has also fully deployed the capital raised by its private equity fund Venice European Investments, which held a second close in May 2011 on more than €500m. 

Company
Established in 1960 and headquartered in Travagliato, near Brescia, Santi specialises in manufacturing isothermal, heated and refrigerated tanks for the transportation of liquids (primarily oil, milk and wine) for the food industry. The company generates revenues of around €20m.

People
Palladio Holding – Nicola Iorio (managing partner).

Advisers
Equity – NCTM (legal).
Company – Gianni Origoni Grippo Cappelli & Partners (legal).

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• Topics
• Buyouts
• Southern Europe
• Industrials
• Palladio Finanziaria
• Italy
• Intesa Sanpaolo