Fondo Italiano invests €7.5m in Brugola

Brugola will use the fresh capital to fund its expansion in the US, where it currently has one office.

The cash injection is the first instalment of a deal announced in December, which could see Fondo Italiano invest up to €20m in the company to support its growth strategy.

The business has also completed a refinancing, with a new debt package provided by UBI, Mediocredito and Unicredit.

Company
Founded in 1926, Monza-headquartered Brugola produces nuts and bolts used in the assembly of motors and the fastening of automotive components. The business generates revenues of €120m and has a headcount of around 300. It has two manufacturing centres in Italy and additional operations across Europe and America.

People
Egidio Brugola is president and CEO of Brugola.

Advisers
Equity – Studio Legale Eversheds Bianchini (Legal); RSM Capital Markets (Tax).
Company – Studio Legale Giovanni e Associati (Legal); Deloitte (Corporate finance).

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• Topics
• Expansion
• Southern Europe
• Industrials
• Italy
• Fondo Italiano di Investimento