Idea Capital acquires 40% stake in Baglioni for €10m

Following completion of the deal, Baglioni will invest in international expansion and entry into new product markets, pursuing both an organic and acquisitive growth strategy.

Existing owners Franco Tartaglino and Mauro Baglioni will retain the remaining shares in the company.

The deal represents the sixth transaction to be done via the Idea Energy Efficiency and Sustainable Growth vehicle, which closed on its €100m target in April 2013. Last year, Idea joined Italian GP Nord Est in acquiring a 32% stake in automotive safety company Meta-Fin for €25m.

Company
Founded in 1968 and headquartered in San Pietro Mosezza in northern Italy, Baglioni produces pressurised air tanks for use in heavy industry, including the oil & gas sector. The business currently has a total headcount of around 700 with additional operations in France, China and the US.

Baglioni generated revenues of €86m and EBITDA of €7m in 2014.

People
Sergio Buonanno is managing director at Idea. Franco Tartaglino is CEO and Mauro Baglioni is president of Baglioni.

Advisers
Equity – Bonelli Erede Pappalardo, Gianfranco Veneziano (Legal); EY, Umberto Nobile (Corporate finance).
Company – Studio Legale Ferreri, Renato Martorelli, Giorgio Martorelli (Legal); Klecha & Co (Corporate finance).

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• Topics
• Expansion
• Industrials
• Southern Europe
• Italy