LBO Italia buys GF
LBO Italia has led an investor consortium in the acquisition of GF, a producer of inspection and testing machinery for the pharmaceutical industry.
The acquisition was completed through the holding company CR Holding and supported by a unitranche facility provided by Emisys Capital and Tikehau Investment Management.
Emisys launched in October 2013 and simultaneously announced the first closing of its maiden vehicle, Emisys Development, on €131m.
Company
Founded in 1979 and based in Solignano, Parma, GF produces inspection and testing machinery, primarily for the pharmaceutical industry.
The business exports around 80% of its production. Local media reports suggest the company achieved turnover of €15m and EBITDA of €5m in 2014.
People
Philippe Minard is founding partner at Emisys and worked on the deal. Jean-Baptiste Feat, co-head of private debt, led the deal for Tikehau.
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