IGI sells 51% of Fabbri Vignola to Lincolnshire Management

IGI remains a minority shareholder in the company.

Lincolnshire acquired the stake via Lincolnshire Equity Fund IV, an $835m vehicle. The transaction is the GP's first in Italy.

The deal was supported by Banca Popolare dell'Emilia Romagna, Cariparma Crédit Agricole and GE Capital Interbanca.

IGI bought its stake in 2011 via the Fondo IGI Investimenti Quattro vehicle. The GP wholly acquired the asset, in partnership with family-run Gruppo Chiarva, which invested via the holding Stella Partecipazioni.

The owners then embarked upon a turnaround strategy to support the company, which included the establishment of its headquarters in Modena.

Under Lincolnshire's ownership, the company expects to expand in the US and eastern Europe, and boost its technological development.

Company
Based in Modena and founded in 1950, Fabbri Vignola is an industrial group focused on the production of machines and film products for food packaging. The company employs 500 staff and has a presence in more than 70 countries, with three production sites in Italy and Switzerland.

People
Matteo Cirla is managing partner at IGI. Ottavio Serena di Lapigio is managing director of Lincolnshire.

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