• Home
  •  
    Regions
    • Europe
    • UK & Ireland
    • DACH
    • Nordic
    • France
    • Southern Europe
    • Benelux
    • CEE
    • Asia
  •  
    Deals
    • Buyouts
    • Venture
    • Exits
    • Refinancings
    • Build-up
    • Turnaround
    • Secondaries
    • Advanced deals search
  •  
    Funds
    • Buyout
    • Venture
    • Mezzanine
    • Debt
    • Funds-of-funds
    • Secondaries
    • Fundraising pipelines
    • Advanced funds search
  •  
    GPs & LPs
    • GP profiles
    • LP profiles
    • GP news
    • LP news
    • Sponsors search
    • LPs search
  •  
    Secondaries
    • Deals
    • Funds
    • News
    • Analysis
  •  
    People
    • People moves
    • Analysis
    • In Profile
    • Q&A
    • Videos
    • Comment
  •  
    Analysis
    • In Profile
    • Fundraising
    • Q&A
    • Comment
    • Videos
    • Podcast
    • Reports
    • Data Snapshots
  •  
    Unquote Data
    • Deals search
    • Exits search
    • Funds search
    • Sponsors search
    • Advisers search
    • LPs search
    • League tables
    • Reports
  • Sign in
  • Sign in
    • You are currently accessing unquote.com via your Enterprise account.

      If you already have an account please use the link below to sign in.

      If you have any problems with your access or would like to request an individual access account please contact our customer service team.

      Phone: +44 (0)203 741 1137

      Email: Georgina.Lawson@acuris.com

      • Sign in
     
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
  • Follow us
    • Twitter
    • LinkedIn
  • Free Trial
  • Subscribe
Unquote
Unquote
  • Home
  • Regions
  • Deals
  • Funds
  • GPs & LPs
  • Secondaries
  • People
  • Analysis
  • Unquote Data
  • You are currently accessing unquote.com via your Enterprise account.

    If you already have an account please use the link below to sign in.

    If you have any problems with your access or would like to request an individual access account please contact our customer service team.

    Phone: +44 (0)203 741 1137

    Email: Georgina.Lawson@acuris.com

    • Sign in
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
Unquote
  • Buyouts

Gradiente buys three companies, creates Argos Surface

  • Alessia Argentieri
  • Alessia Argentieri
  • 16 June 2020
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  

Italian private equity firm Gradiente has acquired three companies specialising in surface coating: Argos, Aalberts Surface Treatment Italy and Impreglon Italia.

The three companies will be merged into a new group, Argos Surface Technologies, with the aim of creating an aggregation platform across the Italian surface treatment market, with EBITDA of at least €10m.

The GP deployed capital from Gradiente II, which held a final close on its €135m hard-cap, surpassing its €120m initial target, in February 2019. This is the third investment made by the fund, following the purchase of metal components producer HPF and the acquisition of an 80% stake in fridges manufacturer Cold Line, which was sold to Nice Group in May 2019.

Argos Surface Technologies

  • DEAL:

    Buyout

  • LOCATION:

    Milan

  • SECTOR:

    Speciality chemicals

  • TURNOVER:

    €15m (2019)

Aalberts Surface Treatment Italy was carved out from Netherlands-based listed industrial group Aalberts Industries. Argos and Impreglon's vendors and managers, Andrea Siano, Luca Garone, Paolo Grimaldi and Vittorio Sacchi, will reinvest in the combined group and will stay on with the business, working alongside newly appointed CEO Marco Winkler.

"We are confident that Argos Surface Technologies will thrive despite the coronavirus emergency," Gradiente founding partner Carlo Bortolozzo told Unquote. "This company serves a wide array of industries, from automotive to mechanical engineering and medical technology, and has high-growth potential. We plan to boost its growth via an intensive buy-and-build strategy and already a strong pipeline of possible add-ons across the Italian market. This will allow us to create a powerful platform in the coating surface industry, while consolidating a market still quite fragmented."

Company
Argos, Aalberts Surface Treatment Italy and Impreglon Italia specialise in surface coating, including electroless nickel plating, hard anodising and polymer and zinc flake coating.

They serve clients across the automotive, mechanical engineering, aerospace, oil and gas industry, medical technology, electrics and electronics industries.

The three companies generate combined revenues of around €15m.

People
Gradiente
– Carlo Bortolozzo (founding partner).

Advisers
Equity
– Grimaldi Studio Legale (legal); Russo De Rosa Associati (tax); New Deal Advisors (financial due diligence); Epyon Consulting (corporate finance); Golder Associates (financial due diligence).
Company – Dentons (legal);  Gattai Minoli Agostinelli & Partners (legal).

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  
  • Topics
  • Buyouts
  • Southern Europe
  • Industrials
  • Italy
  • coronavirus

More on Buyouts

Clinical trials and biotechnology
Permira to take Ergomed private for GBP 703m

Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO

  • Buyouts
  • 04 September 2023
EMEA Public to Private M&A
Change of mind: Sponsors take to de-listing their own assets

EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater

  • Investments
  • 04 September 2023
HR software solutions providers
Main Capital’s Assessio to be sold to Pollen Street

Recruitment software company tripled in revenue under Main Capital’s ownership

  • Buyouts
  • 25 August 2023
Ice cream
Exponent divests ‘significant' stake in Meadow to Canadian investor

Since 2018, GP has diversified food ingredients company's focus beyond commodity dairy

  • Exits
  • 22 August 2023

Latest News

Fund closes in US dollars
  • Funds
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote

  • 05 September 2023
Clinical trials and biotechnology
  • Buyouts
Permira to take Ergomed private for GBP 703m

Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO

  • 04 September 2023
Public sector software
  • Exits
Partners Group to release IMs for Civica sale in mid-September

Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

  • 04 September 2023
EMEA Public to Private M&A
  • Investments
Change of mind: Sponsors take to de-listing their own assets

EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater

  • 04 September 2023
Back to Top
  • About Unquote
  • Advertise
  • Contacts
  • About Acuris
  • Terms of Use
  • Privacy Policy
  • Group Disclaimer
  • Twitter
  • LinkedIn

© Merger Market

© Mergermarket Limited, 10 Queen Street Place, London EC4R 1BE - Company registration number 03879547

Digital publisher of the year 2010 & 2013

Digital publisher of the year 2010 & 2013