Consilium buys Music Center

The founding Pisoni family will maintain a minority stake in the business and continue to support the company in its growth plans.

Cassa Centrale and Cassa di Trento provided a debt package to support the acquisition.

Consilium intends to consolidate the company's market position, while expanding its scope to adjacent segments of the industry through strategic acquisitions. The GP told Unquote that the company has already identified some potential add-ons in Europe and the US.

This is the first deal inked by the GP via its new fund, Consilium Private Equity Fund IV, which was launched with a €100m target in November 2020.

The fund invests in Italian mid-market companies with enterprise values in the €40-80m bracket and generating EBITDA of €5-20m. It targets majority stakes in buyout acquisitions of family-held private companies and deploys equity tickets in the €15-20m range.

Company
Founded in 1974 and headquartered in Trento, Music Center specialises in the production of components and accessories for musical instruments.

The company generated EBITDA of €4.7m in 2019.

People
Consilium Private Equity – Stefano Iamoni (CEO).

Advisers
Equity – Alpeggiani & Associati (legal); EY (financial due diligence); Long Term Partners (business due diligence); Russo De Rosa & Associati (tax).
Company – Cube8 (corporate finance); Studio Legale Giammarco Russolo Tomezzoli (legal).

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• Topics
• Buyouts
• Southern Europe
• Consumer
• Consilium
• Italy
• EY (Ernst & Young)