FSI exits minority stake in Adler

FSI has sold the minority stake in the Adler group to Adler Plastic, which is controlled by Paolo Scudieri.

It first invested in the asset in 2018 from its FSI 1 fund (formerly known as the Mid-Market Growth Equity Fund), which held a final close in February 2019 at EUR 1.4bn. 

The asset has doubled its revenue in the past five years, said FSI, reaching EUR 1.8bn pro-forma revenue in 2021, with more than 100 production sites and 15,000 employees worldwide.

In 2020, the group had EUR 138m EBITDA and EUR 1.2bn revenue.

FSI hired Rothschild to sell the stake around August last year, according to media reports. 

Hayashi Telempu, a Japanese interior automotive supplier, took a minority stake in the Adler group in 2021 through a joint venture called GAIA (Global Automotive Interior Alliance) Holdings.

Earlier this year, FSI bought a controlling stake in Iccrea's digital banking arm for an EV of EUR 500m. 

The private equity firm also sold its stake in Kedrion to Permira. 

Advisors
Vendor - Rothschild (M&A); BonelliErede (legal); Avvocato Gaeta Stapa (legal)

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• Southern Europe
• Consumer
• FSI
• Trade sale
• Italy