Ibla Capital carves out oil & marine business unit of Manuli

The GP deployed capital from Ibla Industries II, a €30m private equity fund that targets Italian companies with turnovers of €10-50m that have high-growth potential, but which require a financial or operational restructuring.

The vehicle invests in a wide range of sectors, with a special focus on the food, chemicals, pharmaceuticals, cosmetics, design, engineering and manufacturing industries. It deploys tickets in the €1-5m bracket and often invests alongside the Swiss fund Clearsight.

Ibla made the acquisition following an auction process handled by Vertus.

The GP intends to support the company by consolidating its market position and boosting its expansion in new markets and segments.

The closing of the deal is expected in the next 30 days.

Company
The oil and marine business unit of Manuli Rubber Industries specialises in the production of pipelines and hoses for the oil and gas industry, primarily used in the submarine transportation of oil.

Established in 1973, the division is based in Ascoli Piceno, employs 90 staff and generates annual revenues of around €15m.

People
Ibla Capital – Alessandro Lo Savio (CEO).
Manuli Rubber Industries – Giuseppe Rusconi (CEO of Manuli Hydraulics Italia).

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• Topics
• Buyouts
• Southern Europe
• Industrials
• Italy