Aksìa backs machinery manufacturer Vomm

The deal is valued at around €30m, which equates to approximately 3x the company’s EBITDA, Unquote understands.

Aksia acquired a 65% stake, while the founding Vezzani family retained a minority via the holding company Ambiente & Nutrizione.

Following the deal, Corrado Vezzani will stay on with the business and continue to lead the company maintaining his role of president of the board.

Marco Rayneri, managing partner of Aksia, said: "We plan to consolidate the business both in the domestic and international markets, increase Vomm's production capacity and pursue a buy-and-build strategy with new add-on acquisitions."

This is the third deal made by Aksìa Capital V, following its investment in dental clinics business Primo Group, which was acquired by the GP from Archimed in October 2019; and its purchase of frozen pizza producer Valpizza, bought last month.

Aksìa V targets European businesses with potential for high growth and international expansion, generating EBITDA of €4-25m from revenues in the €20-120m range. It deploys equity tickets in the €15-25m bracket and applies moderate leverage of around 2.5-3x.

Company
Founded in 1968 and based in Rozzano, near Milan, Vomm manufactures machinery and industrial plants used for polluted soil decontamination, waste sterilisation and sanitisation, crystallisation of saturated liquids, pasteurisation, gluten deactivation and starch modification.

Its products and technologies, including its proprietary Turbo Technology, are used by the food, chemical and pharmaceutical industries.

Vomm generates annual EBITDA of around €10m from revenues of €35m in 2019. It employs 130 staff.

People
Aksìa Group – Marco Rayneri (managing partner).
Vomm – Corrado Vezzani (president).

Advisers
Equity – Giliberti Triscornia e Associati (legal); EY (financial due diligence); Russo De Rosa e associati (tax).
Company – Pedersoli Studio Legale (legal); K Finance (corporate finance); KPMG (financial due diligence); Studio Bertolli e associati (tax).

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• Topics
• Buyouts
• Southern Europe
• Industrials
• Aksia Group
• Italy
• EY (Ernst & Young)