Mittel and Roland Berger launch Italian turnaround initiative

Mittel is to launch the Rexelera fund, a turnaround and restructuring vehicle that will make large-cap investments.

While the vehicle will primarily focus on the Italian manufacturing industry, it will consider other sectors excluding real estate, start-ups and firms deemed to be operative in non-ethical sectors. 

The fund has a €300m target and will make large-cap investments in industrial companies with real potential for turnaround and development.

Fundraising efforts will be directed towards financial institutions, pension funds and other local and international institutional investors.

Roland Berger will work alongside the investor, providing fundraising guidance as well as strategic advice for the turnaround of target companies. The adviser may also provide temporary staff to work within a target company as a restructuring officer.

The initiative intends to support the Italian manufacturing sector, which ranks fifth on a global scale and is of particular importance to the local economy. The initiative also intends to reassure foreign investors as to opportunities in Italy and attract investment, thus narrowing the gap between Italy and other European countries.

Mittel Management is the private equity management arm of the Mittel Group.

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