IMI Fondi Chiusi invests in T&P

The investment will enable T&P to add to its product range and expand its international activity. The company currently has a production base in Poland and will add another in Turkey following the deal.

Capital for the transaction was drawn from the Atlante Private Equity fund, which launched in November 2009 and held its first close in January 2011 on €150m.

IMI most recently joined a €2m round for CellPly, an Italian molecular diagnostics start-up, via its Atlante Seed fund.

Company
Founded in 1966, T&P is a producer of components for domestic appliances based in Venegono Superiore, near Varese. The company, originally named Tecnoplastica Prealpina, was acquired by the Mazzucchelli group in 1993 and was rebranded as T&P in 1996.

People
Walter Comelli is head of private equity at IMI. Antonio Angelillo and Michele Carnovale also worked on the deal for the GP.

Advisers
Equity – Eversheds Bianchini, Marco Franzini, Angelo Speranza (Legal); Trim2, Lorenzo Betti, Manuela Meini (Corporate finance).
Vendor – Battistini Salvatori, Giovanni Battistini, Luisa Salvatori (Legal).

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• Topics
• Buyouts
• Southern Europe
• Industrials
• Italy