SICI backs Italian foundry 3M

SICI initially backed 3M in 2017, when it made a debt investment in the company.

With the support of its sponsors, 3M plans to boost its technological development and further bolster its international expansion.

Next Holding is a family office controlled by Italian entrepreneur Andrea Manganelli, while SICI is an Italian GP specialised in growth capital transactions and private debt investments.

The firm typically invests tickets of up to €5m in companies operating in a wide range of sectors, based across central Italy. SICI manages around €146m via five funds.

Company
Based in San Giustino, near Perugia, 3M is a foundry specialised in aluminium pressure die casting.

The company serves a variety of industries, with a special focus on the automotive sector.

3M generates annual revenue of around €18m.

People
3M – Alvano Bacchi (CEO).
SICI – Vittorio Gabbanini (president).

Advisers
Company – Deloitte (financial due diligence, legal).

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• Topics
• Expansion
• Southern Europe
• Industrials
• Italy
• Deloitte