Investindustrial buys machinery producer Della Toffola

Investindustrial bought a stake of 73.5%, while Della Toffola's owners, the brothers Vittorio, Francesco and Luciano Della Toffola, retained the remaining 26.5% of the share capital.

Investindustrial intends to support Della Toffola's growth both organically and via complementary add-ons, while strengthening its market positioning and boosting its international expansion.

The GP deployed capital from Investindustrial VII, which held a final close on €3.75bn in November 2019, surpassing its initial target of €3bn. The fund targets controlling stakes in European companies operating in the consumer goods, industrials, and healthcare service sectors.

Investindustrial VII covers the entire mid-market by investing in both lower-mid-market businesses with enterprise values of less than €200m and, for a smaller number of deals, by targeting larger companies at the upper end of the market, with EV in excess of €500m.

The fund deploys equity tickets in the €50-100m range for its lower-mid-market deals and of around €350m for its larger deals. It will also co-invest with LPs for larger and selective mid-market opportunities.

Company
Founded in 1958 and based in Trevignano, Della Toffola manufactures machines for the food, beverages, packaging and water treatment industries.

The company employs 600 staff, and operates eight production plants and nine commercial branches in France, Romania, Spain, the UK, Argentina, Australia, Chile, Mexico and the US.

The group generated turnover of €144m in 2019, of which 77% came from abroad.

People
Investindustrial – Andrea C Bonomi (president).
Della Toffola – Vittorio Della Toffola (chair).

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• Southern Europe
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• Italy