Global container handling and crane provider Manitex International has reached an agreement to acquire Italian company PM Group, a manufacturer of truck-mounted hydraulic knuckle boom cranes with half a century of experience in technology and innovation (download here PM Group’s press release). At the same time British private equity operator Columna Capital will buy PM Group’s subsidiary, Pilosio spa.
Sellers are entrepreneur  Claudio Luti (owner of Kartell) and the Italian private equity Synergo sgr (both companies were in BS Private Equity sgr‘s portfolio; Synergo bought BS  some time ago).
Both deals are part of a restructuring agreement with PM Group’s financing banks  (Unicredit, Intesa Sanpaolo, Bper, Unipol e Bnl (download here Manitex’s press release).
