
Chequers- and IGI-backed Rollon bolts on Tecno Center
Chequers Capital and IGI have provided portfolio company Rollon with fresh capital to finance the acquisition of Tecno Center, a provider of linear automation systems for use in manufacturing.
Rollon stated it was attracted by Tecno Center's focus on more complex and advanced products, enabling it to supply a wider range of sectors.
The business will continue to pursue strategic acquisitions following completion of the Tecno Center deal. It plans to expand its international sales capacity, focusing initially on Germany, the US, France, China and India.
Previous funding
Chequers Capital and IGI acquired Rollon from Ardian and Consilium in November 2013 in secondary buyout. At the time, Consilium stated it had reaped a 42.9% IRR and 3.3x multiple on the deal three years after acquiring the business alongside Ardian.
Company
Founded in 1971 and based in Vimercate, near Milan, Tecno Center produces linear automation systems for use in manufacturing. The business increased its turnover by 6% in 2014, with 20% of its sales coming from international buyers. It has a total headcount of around 300.
People
Jérôme Kinas is a partner at Chequers Capital. Eraldo Bianchessi is CEO of Rollon.
Advisers
Equity – Pedersoli & Associati (Legal).
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