F&P4Biz buys fuel tanks specialist Farma

The acquisition was made via a club deal. BPER Banca, Iccrea and Emil Banca provided a debt package to finance the deal.

Following the deal, the management team, led by Armando Poma, will stay on with the business.

F&P4Biz intends to boost Farma's growth and bolster its international expansion, while pursuing a buy-and-build strategy with complementary add-on acquisitions.

Established in 2019, F&P4Biz invests in Italian companies that generate turnover of up to €100m. It usually pursues a club deal investment approach, in partnership with other investors and entrepreneurs.

F&P4Biz has made three investments so far in addition to Farma: Test Industry, Aritmetika and Bluvet.

Company
Established in 1975 and based in Fossatone di Medicina, near Bologna, Farma manufactures caps, filler necks, filters and accessories for fuel tanks for tractors, trucks, buses and earth-moving machines.

The company also specialises in die casting, plastic injection and mould design.

Employing 80 staff, Farma serves a customer base composed of around 500 clients, primarily companies operating across the industrial transportation, automotive, manufacturing and agriculture machinery industries.

The business has an EBITDA margin of 20% from annual revenues of €15m, of which 50% comes from outside Italy.

People
F&P4Biz – Guglielmo Fiocchi, Maurizio Perroni (co-founders, partners).
Farma – Armando Poma (CEO).

Advisers
Equity – Studio Legale Pedersoli (legal); BDO (financial due diligence); RTZ (tax); Efeso Consulting (commercial due diligence); Golder (ESG due diligence).
Company – Arcadia Financial Advisors (corporate finance); RP Legal & Tax (legal).

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• Buyouts
• Southern Europe
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