
Oaktree Capital backs Col Giovanni Paolo
Oaktree Capital Management has acquired a 70% stake in Col Giovanni Paolo, an Italian manufacturer of electrical components.
The GP invested in the company via Oaktree Power Opportunities Fund V, as reported in a document filed with the Italian competition authority.
Intesa Sanpaolo, Banca Ifis, Crédit Agricole and UBI Banca provided a debt package to support the deal.
With Oaktree's support, Col expects to further consolidate its market position in Italy and boost its international expansion.
Company
Established in 1920, Col specialises in manufacturing components for smart grid applications in medium- and high-voltage electrical infrastructure.
The company has production facilities in Moncalieri (near Turin), Barlassina (near Milan), and Piano Tavola (near Catania).
Col generates EBITDA of around €25m from annual revenues of approximately €90m.
People
Oaktree Capital Management – Francesco Giuliani (managing director).
Col Giovanni Paolo – Alessandro Col (CEO).
Advisers
Company – Lincoln International (M&A).
Equity – EY (tax); LEK (commercial due diligence); Ramboll (ESG due diligence); Aon (insurance due diligence).
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