Carlyle acquires majority stake in Sematic

Following completion of the deal, the business will look to undertake a growth strategy focused on international expansion.

The deal is the third investment to be made from the Carlyle Europe Partners IV buyout fund.

Carlyle stated it was attracted to the company given its track record of annual double-digit top-line growth over the past 10 years.

Company
Founded in in 1959 and headquartered in Osio Sotto, near Bergamo, Sematic is a manufacturer of elevators and elevator components. The business operates from seven production sites and has sales offices in Asia, Europe and the US. It has a headcount of around 1,000 and generated revenues of €150m in 2014.

People
Marco De Benedetti is managing director and co-head of Carlyle Europe Partners. Roberto Zappa is chief executive officer of Sematic.

Advisers
Equity - Latham & Watkins (Legal).
Company - Chiomenti Studio Legale (Legal); Banca IMI (Corporate finance).

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

• Topics
• Buyouts
• Industrials
• Southern Europe
• Italy
• Carlyle Group